Qualcomm Ventures invests in four 5G startups
Qualcomm Ventures has 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 (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.
The Qualcomm Ventures global 5G Ecosystem Fund aims to transform breakthrough 5G innovations and technologies into reality, 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.
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“As 5G continues to evolve, networks are shifting to a more open and virtualized model, and that is true for private networks too. In addition to being more flexible and open, automation and edge computing will be key features to seamlessly manage future 5G networks and support low latency applications. Qualcomm Technologies, through our 5G RAN platforms, is dedicated to support this shift and enable new and innovative 5G network deployments,” said Durga Malladi, SVP and GM, 4G/5G, Qualcomm Technologies, Inc. “As a part of this initiative, we are pleased to be working with companies such as Celona, Cellwize, Azion and Pensando Systems on this evolution of enterprise networks, and we are eager to collaborate with other companies to transform industries and use cases with 5G technologies.”
“With private 5G, the entire industry needs to rethink enterprise wireless networks – from product architectures to go-to-market models,” said Rajeev Shah, CEO and co-founder at Celona.”
“The advent of 5G and software-defined networking (SDN), the proliferation of IoT devices and the growing demand for serverless applications are important enablers for Edge Computing, which processes data closer to where it is generated or needed”, said Rafael Umann, CEO at Azion. “At Azion, we simplify how enterprises and service providers build and run applications at the edge, providing a software-defined, open and programmable full-stack edge platform.”
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“While previous generational shifts have primarily focused on mobile speeds and services, 5G has the potential to transform our lives far beyond phones” said Prem Jain, CEO of Pensando Systems. “In addition to helping us scale our business, this investment from Qualcomm Ventures brings us an investor with a deep understanding of 5G technologies and requirements, as well as strong ecosystem relationships in every major market from healthcare to retail, automotive and manufacturing.”
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.
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