Venture Capital | Qualcomm Ventures continues to expand investment in China, with promising prospects in 2022

Qualcomm Ventures set many new records in 2021. The total assets of invested companies exceeded US$2 billion, and more than 20 companies were successfully listed or acquired; it co-launched the Internet of Things Fund in Brazil, which will support multiple start-ups in the next decade; and launched the Technology Women Entrepreneur Incubation Program in India for the second consecutive year to support more female entrepreneurs who start businesses using 5G, AI, IoT and XR technologies.

In China, Qualcomm Ventures has made 5G-enabled smart connectivity its investment focus. For the second consecutive year, it has worked with Tencent to jointly host a startup competition with the theme of "5G Ecosystem". At the same time, it has selected the "Top Ten Most Noteworthy New Startups in the 5G Ecosystem" to promote the construction of the 5G ecosystem; it has initiated the XR Industry Investment Alliance to continue to cultivate XR ecosystem innovation. In the past November and December 2021, Qualcomm Ventures participated in the strategic investment of three Chinese companies, Denglin Technology , Lingdong Technology and Momenta , covering the three major fields of AI, IoT, and autonomous driving.

Denglin Technology

Leading AI and stepping into the future

The widespread popularity of artificial intelligence has greatly promoted the demand for high-performance general-purpose chips for artificial intelligence reasoning and training operations in various industries.

Denglin Technology's innovative GPU+software-defined on-chip heterogeneous architecture system uses deeply integrated software and hardware to be compatible with the current GPU mature ecosystem, supporting customers to seamlessly switch from the existing ecosystem, greatly reducing customers' overall migration costs while also having superior computing performance. In terms of commercial implementation, Denglin Technology has also opened up a new path for the commercialization of domestic GPGPU products, and has successfully achieved commercialization in multiple industry application scenarios such as smart cities and the Internet.

5G will further improve the network deployment of AI computing, making traditional cloud-centric AI computing more widely distributed to the edge and device sides, and better realize the synergy between cloud, edge and device, making the application scenarios of Denglin products more extensive.

Smart Technology

Let mobile robots become new productivity

The e-commerce revolution is driving the need for more intelligent warehouse automation tools. At the same time, industrial automation is enabling mobile robots to have a wider range of application scenarios.

Lingdong Technology's visual AMR (autonomous mobile robot) solution is in a leading position in the visual AMR field. Its robot products can adapt to highly complex dynamic environments and have broad application prospects. Lingdong's team has outstanding R&D capabilities and strong product competitiveness. It has been recognized by leading customers in the industry and has been widely used.

Lingdong Technology can help promote the development of 5G dedicated network applications. At the same time, the popularization of 5G also provides a better network connection foundation for applications in logistics and industrial fields, enabling mobile robots to operate better in corresponding application scenarios.

Momentum

Leading autonomous driving AI company

Currently, China's automobile industry is at a critical point of transitioning from primary assisted driving to advanced assisted driving and autonomous driving. In the next few years, the penetration rate of intermediate and advanced assisted driving in the Chinese automobile market will increase significantly.

As a leading domestic autonomous driving solution provider, Momenta's solutions are widely used in Great Wall passenger cars, and passenger cars equipped with its advanced assisted driving solutions based on Qualcomm's Snapdragon Ride platform will also be mass-produced by the middle of this year.

At the 2022 CES (International Consumer Electronics Show), the assisted driving domain controller Xiao Mo Box 3.0 jointly developed by Momenta and Qualcomm also made a stunning appearance. As the world's most powerful mass-produced autonomous driving computing platform, Xiao Mo Box 3.0 can support a large amount of perception and reasoning computing, as well as the screening, cleaning, desensitization and reflow of vehicle-side perception data.

Since 2003, Qualcomm Ventures has been strongly supporting startups in China's mobile Internet and cutting-edge technology fields, providing all-round support for promoting Chinese enterprises' entrepreneurship and innovation and cultivating the 5G ecosystem. Currently, it has invested in more than 70 companies in China, including more than 10 unicorn companies. In the new year, relying on Qualcomm's mobile technology expertise and leading 5G and AI research and development, Qualcomm Ventures will continue to help more Chinese innovative companies grow rapidly and achieve success.