YOU ARE AT:5GQualcomm invests almost $15 million in Baicells with focus on 5G

Qualcomm invests almost $15 million in Baicells with focus on 5G

 

The investment will be made via the chipmaker’s investment arm Qualcomm Ventures

Qualcomm has led a RMB100 million ($14.55 million) Series B+ round in Baicells Technologies, a Chinese small cell company, for the development of 5G technologies.

The investment, which was made through the company’s Qualcomm Ventures investment arm, will be chiefly focused on the development of 5G technologies.

“5G is not only for Tier 1 operators and Qualcomm Ventures is proud to invest in Baicells, a startup company that is dedicated to fixed wireless access solutions and service platforms, for its future 5G leadership,” said James Shen, VP of Ventures, Qualcomm Technologies.

“Qualcomm’s investment and increased collaboration will only help bring Baicells’ 5G technology to the next level” said Lixin Sun, founder and CEO of Baicells Technologies.

Baicells Technologies is tackling 5G with a focus on modularized architecture, virtualized technology and fog computing to extend business opportunities to new vertical industries, according to the company.

Through an open architecture and open-API 5G solution, Baicells said it aims to support different use cases and requirements for multiple deployment scenarios ,allowing 5G technologies to be quickly and efficiently implemented across the globe.

In November 2018, Qualcomm announced the launch of a new Qualcomm Ventures AI Fund to invest up to $100 million in startups focusing on artificial intelligence. Qualcomm said that the fund will focus on startups, with an emphasis on those developing new technology for autonomous cars, robotics and machine learning platforms.

In May, Qualcomm Technologies had announced the formation of a dedicated AI research organization aimed at coordinating the company’s R&D efforts in this area. Qualcomm says its research has already helped deliver commercial solutions for smartphones, automotive, and IoT and is foundational for expanding on-device intelligence to many new industries.

ABOUT AUTHOR

Juan Pedro Tomás
Juan Pedro covers Global Carriers and Global Enterprise IoT. Prior to RCR, Juan Pedro worked for Business News Americas, covering telecoms and IT news in the Latin American markets. He also worked for Telecompaper as their Regional Editor for Latin America and Asia/Pacific. Juan Pedro has also contributed to Latin Trade magazine as the publication's correspondent in Argentina and with political risk consultancy firm Exclusive Analysis, writing reports and providing political and economic information from certain Latin American markets. He has a degree in International Relations and a master in Journalism and is married with two kids.

Editorial Reports

White Papers

Webinars

Featured Content