Qualcomm Sets Up $100 Million AI Fund, Invests in AI Startup AnyVision
The company will invest in startups developing autonomous cars, robotics and machine learning platforms via its venture arm, Qualcomm Ventures
Lilach Baumer | 11:56 29.11.2018
Qualcomm Inc. to invest in artificial intelligence startups via new $100 million fund. On Wednesday, Qualcomm’s venture arm, Qualcomm Ventures LLC, announced the fund, saying it will invest in startups developing on-device artificial intelligence technologies, with an emphasis on autonomous cars, robotics, and machine learning platforms. The fund, which builds on over a decade of Qualcomm's AI research, is part of Qualcomm’s 5G strategy, the company stated.
For daily updates, subscribe to our newsletter by clicking here.The new fund’s first investment was in Tel Aviv-based startup AnyVision Interactive Technologies Ltd., as part of a series A round, Qualcomm said without disclosing any more details.