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Qualcomm Ventures announced new investments in four companies to help advance innovation and accelerates 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., a global enabler in mobile network automation and orchestration;
- Azion, an emerging provider of edge computing platform solutions;
- 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 a wireless technology innovator and a driving force behind the development, launch and expansion of 5G. This provides Qualcomm Ventures with the unique ability to invest in startups innovating in the 5G ecosystem.
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.