Qualcomm to invest $150M in Indian tech, AI startups
Qualcomm will invest in Indian tech startups through its AI venture fund and support those companies that align with its objective of advanced computing.
Qualcomm, the global semiconductor company, on Wednesday said it has committed an additional $150 million to an AI venture fund to support Indian startups.
According to a statement, the investments will be deployed through Qualcomm Ventures in startups across all stages, with a particular focus on AI for automotive, IoT, robotics, and mobile.
The company has been investing in India’s ecosystem since 2007, backing more than 40 companies, including MapMyIndia, ideaForge, Shadowfax, Cavli Wireless, SpotDraft, and ToneTag.
“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.
According to Qualcomm, this investment underscores its long-standing commitment to India’s technology landscape and aligns with the company’s leadership in advancing edge AI on a global scale.
“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,” said Amon.
Qualcomm sees a unique opportunity to help emerging Indian startups build transformative, market‑leading solutions, especially in areas of AI, intelligent computing, and wireless technologies.
“India has become one of the world’s vibrant centres 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.
Edited by Suman Singh