Qualcomm AI fund to back Indian healthcare, mobility-tech startups
“We have been investing in India for the past 10 years. To start off, early days was mostly around other ecosystems but over time we have expanded into IoT (internet of things). We are very bullish on the AI space in India,” said Quinn Li, senior vice-president and global head of Qualcomm Ventures, who oversees a $1 billion venture portfolio of more than 150 companies across seven regions, including China, Israel, and the US.
“We have met a lot of companies in the AI space on the healthcare, financial services, and surveillance side. I think there are great opportunities, both globally as well as here in India,” said Li, who also serves on the boards of companies such as broadband equipment provider Airspan, internet provider OneWeb and mobile marketing platform Verve.