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Posted by Richy George on 10 November, 2020This post was originally published on this site
Qualcomm Ventures, Qualcomm’s investment arm, today announced four new strategic investments in 5G-related startups. These companies are private mobile network specialist Celona, mobile network automation platform Cellwize, the edge computing platform Azion and Pensando, another edge computing platform that combines its software stack with custom hardware.
The overall goal here is obviously to help jumpstart 5G use cases in the enterprise and — by extension — for consumers by investing in a wide range of companies that can build the necessary infrastructure to enable these.
“We invest globally in the wireless mobile ecosystem, with a goal of expanding our base of customers and partners — and one of the areas we’re particularly excited about is the area of 5G,” Quinn Li, a Senior VP at Qualcomm and the global head of Qualcomm Ventures, told me. “Within 5G, there are three buckets of areas we look to invest in: one is in use cases, second is in network transformation, third is applying 5G technology in enterprises.”
So far, Qualcomm Ventures has invested over $170 million in the 5G ecosystem, including this new batch. The firm did not disclose how much it invested in these four new startups, though.
Overall, this new set of companies touches upon the core areas Qualcomm Ventures is looking at, Li explained. Celona, for example, aims to make it as easy for enterprises to deploy private cellular infrastructure as it is to deploy Wi-Fi today.
“They built this platform with a cloud-based controller that leverages the available spectrum — CBRS — to be able to take the cellular technology, whether it’s LTE or 5G, into enterprises,” Li explained. “And then these enterprise use cases could be in manufacturing settings could be in schools, could be to be in hospitals, or it could be on campus for universities.”
Cellwize, meanwhile, helps automate wireless networks to make them more flexible and manageable, in part by using machine learning to tune the network based on the data it collects. One of the main investment theses for this fund, Li told me, is that wireless technology will become increasingly software-defined and Cellwize fits right into this trend. The potential customer here isn’t necessarily an individual enterprise, though, but wireless and mobile operators.
Edge computing, where Azion and Pensando play, is obviously also a hot category right now and when where 5G has some obvious advantages, so it’s maybe no surprise that Qualcomm Ventures is putting a bit of a focus on these today with its investments in Azion and Pensando.
“As we move forward, [you will] see a lot of the compute moving from the cloud into the edge of the network, which allows for processing happening at the edge of the network, which allows for low latency applications to run much faster and much more efficiently,” Li said.
In total, Qualcomm Ventures has deployed $1.5 billion and made 360 investments since its launch in 2000. Some of the more successful companies the firm has invested in include unicorns like Zoom, Cloudflare, Xiaomi, Cruise Automation and Fitbit.
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