Qualcomm Incorporated has announced plans to invest up to $150 million in India through a new Strategic AI Venture Fund. The investment will be managed by Qualcomm Ventures and will support startups at all stages, with focus on AI applications in automotive, IoT, robotics and mobile.
The announcement was made in New Delhi alongside CEO Cristiano Amon’s participation in the India AI Impact Summit. Qualcomm stated that the fund aims to back companies building edge AI solutions, where intelligence is integrated directly into devices such as smartphones, PCs, vehicles and industrial systems.
Qualcomm has invested in India since 2007 and has backed over 40 companies. Its portfolio includes Reliance Jio, MapmyIndia, ideaForge, Shadowfax, Cavli Wireless, SpotDraft and ToneTag.
The new fund strengthens Qualcomm’s engagement with India’s AI startup ecosystem and aligns with its focus on intelligent computing and wireless technologies.
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