Qualcomm Ventures, the corporate venturing division of the wireless technology company, has joined a series C round for China-based flash memory storage producer Memblaze, China Money Network has reported.
General Technology Venture Capital also contributed funds. The extension is worth several tens of million renminbi (RMB10m = $1.5m), though the precise amount has not been disclosed.
Memblaze achieved a first close of $20m in August 2014. That tranche was led by Bertelsmann Asia Investments, the local corporate venturing unit of Germany-based publishing conglomerate Bertelsmann.
Ding Xing Fund, managed by telecoms firm ZTE, and investment firms Infinity Group and Genertec Investment Managers also took part in the original tranche.
Founded in 2011, Memblaze manufactures memory storage cards. The company will use the cash to improve its data centres, increase technology research and development and support an international expansion.
Qualcomm and Memblaze also hope the investment will help both companies to expand further across China, though no further details about their partnership were revealed.
Memblaze previously also raised tens of million renminbi in a series B round backed by Infinity Group in 2013. Infinity and Z-Park Venture Capital invested $3.2m in a series A round in 2012.