[1] Investing in startups targeting the wireless ecosystem, the group focuses on investments in the sectors of automotive, data center and enterprise, digital health, Internet of Things (IoT), and mobile.
Qualcomm Ventures has experienced seven portfolio company exits of $1 billion, including 99 (app),[2] Cruise Automation,[3] Fitbit,[4] Invensense, NQ Mobile, and Ring,[5] Waze.
[6] In November, 2018, Qualcomm Ventures announced it has plans to invest up to $100 million in artificial intelligence.
[8] In June, 2021, Qualcomm Ventures invested into London-based FloLive IoT startup together with Intel Capital, Dell Technologies and other VCs.
[10][11] In July 2023, the United States House Select Committee on Strategic Competition between the United States and the Chinese Communist Party initiated an investigation into Qualcomm Ventures and other venture-capital firms' investments in China.