Qualcomm Commits Up To $150 Million for Strategic AI Venture Fund in India

Qualcomm Commits Up To $150 Million for Strategic AI Venture Fund in India

Qualcomm Incorporated today announced its intention to invest up to $150 million to support India's rapidly expanding technology and AI startup ecosystem. The investments will be deployed through Qualcomm Ventures and will invest in startups across all stages, with a particular focus on AI for automotive, IoT, robotics, and mobile. This initiative underscores Qualcomm's long-standing commitment to India's technology landscape and aligns with the company's leadership in advancing edge AI at global scale. The announcement coincides with Qualcomm CEO Cristiano Amon's participation in the India AI Impact Summit in New Delhi.

"Through our new Strategic AI Venture Fund, Qualcomm is investing in companies that are advancing the next chapter of AI in India," said Cristiano Amon, President and CEO, Qualcomm Incorporated. "AI is entering a new phase where intelligence is built directly into devices and systems people depend on every day, from smartphones and PCs to cars, industrial machines, robots, and more, delivering richer and more meaningful experiences. This shift will reshape entire industries, and India's startup ecosystem has a critical role to play as edge AI drives innovation across sectors."

With the massive growth of India's startup landscape and the rapid advancement of AI, Qualcomm sees a unique opportunity to help emerging companies build transformative, market-leading solutions. As an AI leader driving the global shift toward efficient, secure, and powerful edge AI, Qualcomm is supporting the startups that are poised to shape the next wave of innovation through technologies with real-world impact across industries.

"India has become one of the world's vibrant centers of innovation, and we're proud to deepen our long-standing commitment to its startup ecosystem," said Quinn Li, Senior Vice President, Qualcomm Technologies, Inc., and global head of Qualcomm Ventures. "This additional investment expands our support for founders building the next generation of transformative technologies. We look forward to helping these companies scale and contributing to India's continued progress."

Qualcomm has been investing in India's startup community since 2007, backing more than 40 companies. By investing in startups in areas closely aligned with Qualcomm's core technology strengths-especially AI, intelligent computing, and wireless leadership-Qualcomm helps founders accelerate innovation through access to its deep technology expertise and global industry network, supported by the Qualcomm Ventures India team's strong regional presence and insights. Current and previous portfolio companies include Jio, India's largest telecom network provider, MapMyIndia, a provider of digital maps and navigation solutions; ideaForge, a pioneer in drone technologies; Shadowfax, an e-delivery service platform; Cavli Wireless, an enabler of connected intelligence across industries; SpotDraft, an AI-powered contract lifecycle management platform; and Tonetag, a company modernizing AI-enabled digital payments.

About Qualcomm
Qualcomm relentlessly innovates to deliver intelligent computing everywhere, helping the world tackle some of its most important challenges. Building on our 40 years of technology leadership in creating era-defining breakthroughs, we deliver a broad portfolio of solutions built with our leading-edge AI, high-performance, low-power computing, and unrivaled connectivity. Our Snapdragon^® platforms power extraordinary consumer experiences, and our Qualcomm Dragonwing™ products empower businesses and industries to scale to new heights. Together with our ecosystem partners, we enable next-generation digital transformation to enrich lives, improve businesses, and advance societies. At Qualcomm, we are engineering human progress.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering and research and development functions and substantially all of our products and services businesses, including our QCT semiconductor business. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patents are licensed by Qualcomm Incorporated.

About Qualcomm Ventures

As the Venture Capital investment group of Qualcomm Incorporated, a world leader in next-generation wireless technologies, Qualcomm Ventures has been making strategic investments in technology companies that have the potential to dramatically transform our world since 2000. As a global investor, we're focused on building the connections that bring our mobile future forward. For more information please visit: https://www.qualcommventures.com.

Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm, Qualcomm Dragonwing and Snapdragon are trademarks or registered trademarks of Qualcomm Incorporated.