Qualcomm Ventures announced new investments in four companies to help advance innovation and accelerate 5G adoption within the ecosystem, through its 5G Ecosystem Fund. The companies include Celona, an enterprise networking platform provider that brings 5G to enterprises; Cellwize Wireless Technologies Inc. (Cellwize), a global enabler in mobile network automation and orchestration; Azion, an emerging provider of edge computing platform solutions; and Pensando Systems, a company pioneering the new edge services model of enterprise and cloud computing.
To date, Qualcomm Ventures has invested over $170 million in the global 5G ecosystem to support 5G innovation and drive 5G adoption.
“Qualcomm is leading the world to 5G and creating a robust ecosystem of technologies that will usher in the new era of connectivity. We are committed to supporting companies with the vision to realize 5G’s potential impact on the mobile ecosystem, and its ability to reshape industries entirely.” said Quinn Li, Senior Vice President, Qualcomm Technologies, Inc. and global head of Qualcomm Ventures. “We are thrilled to support Celona, Cellwize, Azion and Pensando Systems to scale their businesses and accelerate 5G deployment and adoption.”
The goal of Qualcomm Ventures’ global 5G Ecosystem Fund is to transform breakthrough innovations and technologies into reality by using the power of 5G, accelerate 5G innovation, and drive 5G adoption beyond the smartphone. Along with capital investments, Qualcomm Ventures provides entrepreneurs access to Qualcomm Technologies expertise and networks, helping them build tomorrow’s global businesses.
Qualcomm Ventures has a long history and strong track record of investing in leading global start-ups with over $1.5 billion dollars deployed and over 360 investments made since the group started in 2000. Eleven portfolio companies had unicorn exits in the last five years, including Affirmed Networks, Zoom, Cloudflare, AMEC, Xiaomi, Mobike, Ring, 99, Cruise Automation, Thundersoft and FitBit. Qualcomm Technologies’ industry-leading research and unmatched expertise in mobile technology allows Qualcomm Ventures to serve as an ideal investor in start-ups that leverage 5G’s capabilities and bring forth the next wave of innovation.
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