Qualcomm Ventures is expanding its portfolio of 5G startups
San Diego, California – Qualcomm Ventures Announced new investments in four companies to promote innovation and accelerate the adoption of 5G technologies, through its 5G fund. The companies include Cellwize, the Israeli world leader in the development of a software platform for cellular network automation; Celona, a 5G platform provider for enterprises; Azion, Provider of edge computing platform solutions; And Pensando Systems, which develops a new model for end services of enterprise computing and cloud computing. To date, Qualcomm Ventures has invested more than $ 170 million in 5G technologies to support innovation and encourage 5G adoption.
“Qualcomm Technologies is an industry leader and leader in research and development of technologies that make the world connected to 5G a commercial reality,” said Ophir Zemer, CEO of Cellwize. “We are very excited to work together on this important and influential mission, and collaborate on accelerating 5G.”
“Qualcomm is leading the world into the 5G era and creating an environment of technologies that will lead to a new era of communications. We are committed to supporting companies with the vision to realize the potential impact of 5G on the communications industry, and its ability to reshape additional industries, ”said Kevin Lee, Senior Vice President of Qualcomm Technologies and CEO of Qualcomm Ventures. “We are excited to invest in Celona, Cellwize, Azion and Pensando Systems to support their growth and accelerate the deployment and adoption of 5G technology.”
Qualcomm has developed expertise in wireless technologies and a driving force behind the development, launch and expansion of 5G. From this unique position, Qualcomm Ventures has invested and continues to invest in innovative startups in the field of 5G communications, including companies such as Affirmed Networks, Altiostar, Airspan, Baicells, Jio platforms and more. The goal of Qualcomm Ventures’ 5G fund is to make groundbreaking innovations and technologies a reality through 5G’s unique features; Accelerate innovation in the field and drive 5G adoption in other industries. Along with capital investments, Qualcomm Ventures provides entrepreneurs with access to Qualcomm Technologies expertise and relationships, helping them build the global businesses of the future.
“As 5G continues to evolve, networks are moving to a more open and virtual model, and the same is true for private networks. “In addition to network flexibility and openness, automation and edge computing will be key features for managing future 5G networks and supporting applications that require a high data transfer rate. Qualcomm Technologies, through our 5G RAN platforms, will support this transition and enable new and innovative 5G network deployments,” said Durga Mladi. VP and General Manager of 4G and 5G at Qualcomm Technologies. “As part of this initiative, we are excited to work with companies such as Celona, Cellwize, Azion and Pensando Systems, and will be happy to partner with other companies to revolutionize other industries with 5G technologies.”
“Celona is excited to work with Qualcomm Technologies and push the boundaries of cellular connectivity in the organization,” said Rajiv Shah, CEO and co-founder of Celona. “With private 5G, the entire industry needs to rethink corporate wireless networks – from product architectures to market walking models. We look forward to connecting with the vast ecosystem of Qualcomm Technologies technology partners to lead the industry in operating 5G connectivity in the organization. ”
“5G, software-defined networks (SDNs), the proliferation of IoT devices and the growing demand for serverless applications are important factors that enable edge computing, which enables data processing closer to where they are created or needed,” said Raphael Oman, CEO of Azion . At Azion, we simplify the way service providers build and run end-to-end applications, providing a defined and open platform. We are excited to work with Qualcomm Technologies and its ecosystem to accelerate the adoption of 5G and edge computing. ”
“While transitions in previous generations have focused primarily on speeds and mobile services, 5G has the potential to change our lives far beyond phones,” said Perm Jane, CEO of Pensando Systems. “This Qualcomm Ventures investment connects us to an investor with a deep understanding of 5G technologies and requirements, as well as strong ties in every major market, from healthcare to retail, automotive and manufacturing.”
Qualcomm Ventures has a long history and rich experience investing in leading start-ups with more than $ 1.5 billion and over 360 investments made since the group was founded in 2000. 11 portfolio companies that have owned Unicorn Exits for the past five years – including Affirmed Networks, Zoom , Cloudflare, AMEC, Xiaomi, Mobike, Ring, 99, Cruise Automation, Thundersoft and FitBit. Qualcomm Technologies’ leading research capabilities and incomparable expertise enable Qualcomm Ventures to serve as an ideal investor in start-ups that leverage 5G capabilities and bring the next wave of innovation. Qualcomm Ventures Israel has invested in 32 startups since it began operations in Israel in 2010. Ten of the companies in which Qualcomm Ventures invested in Israel, such as Waze, Ravello, Wilocity Magisto, CyberX, and Tapingo, were acquired for a total of about $ 2 billion.
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