Thursday, October 24, 2019

Qualcomm Creates $200M 5G Investment Fund

San Diego-based Qualcomm said on Thursday that it has launched a new, $200M fund specifically to invest in companies in the 5G ecosystem. According to Qualcomm, the new Qualcomm Ventures 5G Ecosystem Fund will specifically lookin to invest in startups developing new and innovative 5G use cases, driving 5G network transformation and expanding 5G into enterprise markets. Qualcomm's new 5G fund comes on top of an existing, artifical intelligence focused fund, the Qualcomm Ventures AI Fund, which it established last year.

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