- Announced investment in nine Chinese companies -
(NYSE: QCOM) announced today that it has conducted venture investments in nine Chinese companies through its venture capital arm Qualcomm Ventures, including: Artificial Intelligence Company Shangtang Technology, Smart Share Cycling Company Solving Cycling, Wireless Connected Market Supplier Chongtong Electronics, AI Solution Provider for Terminal Side Zero-Element, Unmanned Convenience Store Operators Innovative Educational Solutions Vendor Micron Technology, a fantasy technology provider of content combining AI and VR / AR technologies, Aloe, an immersive English learning environment provider, and AOCOM, a major agribusiness and intelligence services company. From the $ 150 million China Strategic Investment Fund announced by Qualcomm in 2014.
Qualcomm Ventures has been actively investing in China since 2003 and currently manages nearly 40 portfolio companies in China. Since 2015, Qualcomm Ventures has extended its investment focus to cutting-edge technology and focused on the areas of artificial intelligence, the Internet of Things, VR / AR, robotics, etc. The injection of capital into the nine potential Chinese companies above is another example of how Qualcomm Ventures can support China's dynamic cutting-edge technology ecosystem. The companies that Qualcomm Ventures chose to invest in this time , Are innovative companies engaged in the forefront of science and technology.
New investment company
• Shang Tang Technology is an artificial intelligence innovation company focused on original technologies of computer vision and deep learning, committed to leading the breakthrough research and development of deep learning technologies and providing unique solutions for artificial intelligence applications and big data analysis. Technology as the cornerstone, we have taken the lead in implementing a number of artificial intelligence core technologies such as face recognition, image recognition, autopilot, human-computer interaction, medical imaging and artificial intelligence chips. With over 400 well-known domestic and foreign enterprises, China's largest provider of artificial intelligence algorithms.
• The Motorcycle Bike is a technology startup founded in January 2015 dedicated to making it easier and greener to travel on short trips through the power of technology. People can easily share a motorbike ride with App on their smartphone Mabuhah redefined the bicycle, invented the world's first smart bicycle lock using mobile Internet technology to allow the bike to be reconfigured in the cloud to meet people's needs • Creatcomm is China's largest wireless video Transmission solutions provider, providing long-distance backbone network for industry customers and operators as well as excellent user experience for the last kilometer of wireless broadband video / data transmission.The company's patented VTrans technology has reached the international advanced level.
• Kneron Inc was established in San Diego, USA, in 2014. At present, Anti-Nervous AI is set up in Shenzhen and Zhuhai, China, and Nerone is dedicated to providing a complete cloud + AI + I2oT '(I2oT: Intelligent Internet of Things) software and hardware overall solution.
• Zero Element As an unmanned convenience store operator, Relying on its strong supply chain resources, providing first-tier cities residents with cost-effective import supply services, using face recognition, advanced learning, RFID and many other forefront technology.
• 美科 科技 is a solution that focuses on AI / Maker / STEAM education and provides comprehensive products, courses, teachers and service integration for schools, institutions and individuals. 美科 has its own intelligent hardware development, which owns MCookie, a smart hardware product with fully autonomous intellectual property, won the Gold Medal of IDEA Products, one of the top three industrial design awards in the world in 2016.
• Fantastic Technology is a future-oriented AI company that builds intelligent avatars altogether with AI and VR / AR technologies to enable everyone to create their own 'Avatar' and machine-learn to make avatars look, sound, move, remember, etc. In keeping with real life.
Additional investment
• Ogilvy & Mather is a big agribusiness and intelligence services company focused on farm management dedicated to harnessing smart technologies and data management to help monetize farms. Ogilvy & Mather has established the nation's largest farm management Network, and to provide industrial management agencies based on big data intelligent industrial services.
• 爱乐 奇 is an educational high-tech company that creates quality education content, products and services, and now Allegro's iPad Textbook and Video Teacher services serve 15 million students in 1,000 educational institutions.
Quinn Li, Qualcomm vice president and global managing director at Qualcomm Ventures, said: 'Qualcomm is committed to supporting technological innovation to make people's lives better. Today, we announced nine innovative companies focused on areas such as artificial intelligence and the Internet of Things In providing financial, technical and business support to these companies, Qualcomm Ventures is designed to help turn ideas and ideas into reality, and in the future Qualcomm Ventures will continue to support innovative startups in leading-edge technology to drive the industry boom. "
Qualcomm Ventures, an investment division of Qualcomm Incorporated, has unparalleled expertise in the mobile technology space. In addition to funding, Qualcomm Ventures' eight global management teams provide portfolio companies with rich resources and help portfolio companies Connect with industry leaders around the world to support portfolio companies to grow their business.