Qualcomm Ventures is the investment arm of

Qualcomm Qualcomm Incorporated () is an American multinational corporation headquartered in San Diego, California, and Delaware General Corporation Law, incorporated in Delaware. It creates semiconductors, software and services related to wireless techn ...

Incorporated. Founded in 2000, Qualcomm Ventures is a corporate

venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

fund with 140+ active portfolio companies. Investing in

startups A startup or start-up is a company or project undertaken by an Entrepreneurship, entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses including self-employment and businesses tha ...

targeting the wireless ecosystem, the group focuses on investments in the sectors of automotive, data center and enterprise, digital health,

Internet of Things Internet of things (IoT) describes devices with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other communication networks. The IoT encompasse ...

(IoT), and mobile.

History

Qualcomm Ventures has experienced seven portfolio company exits of $1 billion, including

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, Cruise Automation,

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, Invensense, NQ Mobile, and

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. In November, 2018, Qualcomm Ventures announced it has plans to invest up to $100 million in artificial intelligence. It will provide capital to startups building on-device AI, which is AI that runs on the end device, like a smartphone or vehicle, rather than in the cloud. In June, 2021, Qualcomm Ventures invested into London-based FloLive IoT startup together with Intel Capital, Dell Technologies and other VCs. In July, 2021, Qualcomm Ventures co-led the Series C funding round of $25 million for the Swedish VR games studio Resolution Games. It has brought the company's total funding to $38.5 million. In July 2023, the United States House Select Committee on Strategic Competition between the United States and the Chinese Communist Party initiated an investigation into Qualcomm Ventures and other venture-capital firms' investments in China.

References

External links

* {{Official website Qualcomm Financial services companies established in 2000 Venture capital firms of the United States