Qualcomm Ventures, the corporate venturing arm of mobile semiconductor producer Qualcomm, has disclosed investments in US-based edge computing technology developer Azion Technology and distributed computing system developer Pensando Systems.
The unit has not revealed how much it invested in the companies but provided the cash through the $200m 5G Ecosystem Fund it formed in late 2019, together with contributions to a $30m series B round for Celona and a $32m series B for Cellwize Wireless Technologies.
Pensando emerged from stealth in October 2019 having raised $280m including a $145m series C round featuring enterprise technology producer Hewlett Packard Enterprise and data centre operator Equinix at a reported $645m valuation.
Azion is developing technology that can help enterprise customers create and deploy applications at the edge. It has not revealed any earlier financing.
Quinn Li, head of Qualcomm Ventures, said: “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 realise 5G’s potential impact on the mobile ecosystem, and its ability to reshape industries entirely.”
