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Qualcomm Ventures, the chip-maker venture capital arm, Qualcomm Ventures, announced last night the creation of a $ 100 million fund aimed at investing in startups Artificial Intelligence (AI) . Qualcomm will invest between $ 2 and $ 5 million, primarily in Series A, B and C, in areas such as image and voice processing, as well as in the development of new algorithms and algorithms. automatic learning.
He also announced that the new fund had already made its first investment, as part of the series A round-table of the Israeli start-up Anyvision. In July, Anyvision announced it raised $ 28 million, led by Bosch Ventures. Based in Holon, AnyVision develops an on-demand recognition platform that identifies people according to their facial, body and bone characteristics. Its product is similar to the recognition technology found in the iPhoneX and to products developed by Israeli startups such as Mantis Vision. Other products are designed for the sports, entertainment and retail industries.
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AnyVision has also developed a smart surveillance camera designed to protect the privacy of citizens. While regular surveillance cameras record everything, AnyVision's camera is designed solely to expose interested parties. The company's strategic customers and partners include Microsoft, Google, Telefonica, Genetech and Johnson Controls.
The company will use its new funds to continue its growth, which has grown from 20 to 130 employees in the last two years. The company operates in Israel, the United States and the United Kingdom and plans to open offices in Los Angeles, London and Singapore in the coming months.
The connection between Qualcomm and AnyVision stems from the fact that the Israeli company is specialized in the development of artificial intelligence technologies for terminals, including mobile phones, IoT and robotics, rather than remote processing in the cloud via Internet connections.
Merav Weinryb, general manager of Qualcomm Israel Ventures, said: "Qualcomm has announced its own AI platform and thinks it should move to terminal capabilities development in order to create the AI Qualcomm wants to advance the sector and the way to achieve it, as well as by the internal developments and the launch of the platform – is done with the help of a dedicated fund.
Qucn Li, senior vice president and general manager of Qualcomm Technologies for Qualcomm Technologies, said: "Qualcomm Ventures is proud to invest in the future of AnyVision and many other key players in the industry. l & # 39; AI. This investment builds on our long tradition of investing in artificial intelligence, including Cruise Automation, Brain Corp., Clarifai, Prospera, SenseTime and Retail Next. Through AI Fund, we will continue to look for startups, specializing in autonomous cars, robotics, computer vision and IoT, who develop new AI applications, advanced technologies and more. machine learning and AI / ML platforms in different sectors. "
The digital agricultural society Prospera, which develops computer vision technologies that continuously monitor and badyze plant health, is one of the Israeli companies in which Qualcomm Ventures has already invested. Among others, include the online video editor Magisto and the developer of parallel file systems sacred weka.io.
Posted by Globes, Economic News in Israel – www.globes.co.il – November 29, 2018
© Copyright Globes Publisher Itonut (1983) Ltd. 2018
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