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Qualcomm Ventures has announced today its investment in AnyVision, at its 5G & AI summit in San Francisco
Qualcomm Incorporated (NASDAQ: QCOM) today announced the launch of the Qualcomm Ventures AI Fund to invest up to an aggregate of $100 million in companies transforming artificial intelligence. As part of the AI Fund, Qualcomm Ventures LLC participated in a Series A funding round for AnyVision, a world-leading facial, body and object recognition company.
“Qualcomm Ventures is proud to invest in the future of AnyVision and many other key players in the AI industry,” Quinn Li, SVP, Ventures, Qualcomm Technologies, Inc. and Global Head of Qualcomm Ventures.
“This investment builds on our long history of successful AI investments”.
AnyVision’s use of on-device AI minimizes the spread of data, mitigating privacy concerns. Its unique data acquisition strategy, together with its proprietary algorithms, are expected to provide immense value to customers.
“We feel that Qualcomm Ventures has a cutting-edge approach in terms of where they want to be” Said Eylon Etshtein, AnyVision’s Co-Founder & CEO, “We are really glad and grateful to be the first investment in the AI Fund”.
This investment- the first made by the AI fund, will further AnyVision’s efforts to expand into other industries and develop new AI applications that transform how the world connects, computes and communicates. The announcement was made at Qualcomm Ventures’ 5G & AI Summit in San Francisco, where influential leaders in AI convened to discuss applications of the technology in different industry verticals.
About Qualcomm
Qualcomm invents breakthrough technologies that transform how the world computes, connects and communicates. When we connected the phone to the Internet, the mobile revolution was born. Today, our inventions are the foundation for life-changing products, experiences, and industries. As we lead the world to 5G, we envision this next big change in cellular technology spurring a new era of intelligent, connected devices and enabling new opportunities in connected cars, remote delivery of health care services, and the IoT — including smart cities, smart homes, and wearables. 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, all of our engineering, research and development functions, and all of our products and services businesses, including the QCT semiconductor business. For more information, visit Qualcomm’s website, OnQ blog, Twitter and Facebook pages.
About Qualcomm Ventures
As the Venture Capital investment group of Qualcomm Incorporated, a world leader in next-generation wireless technologies, Qualcomm Ventures, through affiliated entities, including Qualcomm Ventures LLC, 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: www.qualcommventures.com.
