Qualcomm Ventures has declared new investments in four companies to help advance innovation and accelerate 5G adoption within the ecosystem, through its 5G Ecosystem Fund.
The companies include Celona, Azion, Cellwize and Pensando Systems, Qualcomm Ventures has invested over $170 million in the global 5G ecosystem to support 5G innovations and drive 5G adoptions.
“Qualcomm is leading the world to 5G and creating a robust ecosystem of technologies that will usher in the new era of connectivity. We are committed to supporting companies with the vision to realize 5G’s potential impact on the mobile ecosystem, and its ability to reshape industries entirely,” said Quinn Li, Senior Vice President, Qualcomm Technologies, Inc. and global head of Qualcomm Ventures. “We are thrilled to support Celona, Cellwize, Azion and Pensando Systems to scale their businesses and accelerate 5G deployment and adoption.”
“Celona is excited to work with Qualcomm Technologies as we push the boundaries of wireless connectivity in the enterprise,” said Rajeev Shah, CEO and co-founder at Celona. “With private 5G, the entire industry needs to rethink enterprise wireless networks – from product architectures to go-to-market models. We are looking forward to connecting with Qualcomm Technologies’ vast ecosystem of technology partners to lead the industry in enabling 5G connectivity in the enterprise.”
“The advent of 5G and software-defined networking (SDN), the proliferation of IoT devices and the growing demand for serverless applications are important enablers for Edge Computing, which processes data closer to where it is generated or needed”, said Rafael Umann, CEO at Azion.
“Qualcomm Technologies is an industry leader in spearheading the research and development of technologies that are making the 5G connected worlds a commercial reality,” said Ofir Zemer, CEO of Cellwize. “We are very excited to be working together on this important and impactful mission, and to collaborate on accelerating 5G.”
The goal of Qualcomm Ventures’ global 5G Ecosystem Fund is to transform breakthrough innovations and technologies into reality by using the power of 5G, accelerate 5G innovation, and drive 5G adoption beyond the smart phone. Along with capital investments, Qualcomm Ventures provides entrepreneurs access to Qualcomm Technologies’ expertise and networks, helping them build tomorrow’s global businesses.