Qualcomm Ventures recently set up their AI fund to invest up to $100 million in startups which transform artificial intelligence. The fund will focus on startups which want to invest in the area of on-device AI and make the technology more widespread. They are actively looking at investing in areas like autonomous cars, robotics and machine learning. These areas are linked comfortably with Qualcomm technologies which have created impressive processor technologies for mobile phones and other devices all over the world.
“At Qualcomm, we invent breakthrough technologies that transform how the world connects, computes, and communicates,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. Talking about the future of artificial intelligence and their philosophy, Mollenkopf said, “For over a decade, Qualcomm has been investing in the future of machine learning. As a pioneer of on-device AI, we strongly believe intelligence is moving from the cloud to the edge. Qualcomm’s AI strategy couples leading 5G connectivity with our R&D, fueling AI to transform industries, business models and experiences.”
Tonbo Imaging is the creator of a special and rare imaging technology that uses multiple collaborating sensors to allow users to see and interpret the environment. Tonbo uses such technologies to make multi-sensor imaging products. These are used by military, security, transportation safety and also industrial inspection applications. Tonbo’s imaging products offer real-time imaging in day and night conditions, across visible and infrared spectrums. Tonbo leverages the computing power and scale of electronics hardware to build systems that are better than existing technology in size, weight, power and cost.
CEO: Arvind Lakshmikumar
Stellapps Technologies is an IIT Madras incubated and Bangalore based, Internet of Things (IoT) and machine learning startup which primarily focuses on data acquisition. Their SmartMoo™ platform (Full Stack IoT solution), optimises the dairy supply chain which spans from milk production, procurement and other logistics. The SmartMoo platform and suite of apps currently touches more than two billion litres of milk annually and it can acquire data via sensors that are embedded in milking systems. The patent-pending hardware and software are designed to scale horizontally across other industry verticals.
CEO: Ranjith Mukundan
Attune Technologies is a healthcare IT product company using ML and AI to delivers next-generation products to the global market. It offers cloud-based solutions for hospitals, diagnostic laboratories, radiology and imaging centres and the successful company has pioneered developing solutions that integrate the functions of a hospital through its Hospital Information System and Laboratory Information Management System. These MIS systems which can be deployed across core continuum starting from a single point clinic/lab all the way to the national healthcare network.
CEO: Ramki V
Capillary Technologies offers a cloud-based platform which helps enterprises to maintain end-to-end customer engagements. They also provide services such loyalty and social CRM solutions which are backed by artificial intelligence and machine learning powered platforms. The company leverages data across touchpoints to learn about consumer preferences and business potential. They serve more than 170 major brands across 20,000 stores, serving over 150 million consumers.
CEO: Aneesh Reddy
Reverie Language Technologies is a cloud and AI-based Language-as-a-Service platform. It helps organisations and enterprises create multilingual parallels and versions of their mobile apps and web portals. And all this can be established in real time. The company is based out of Bangalore and Reverie's solutions are installed in over 200 million devices worldwide. They are serving products of some of the fastest growing mobile brands in the world.
CEO: Arvind Pani
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As a thorough data geek, most of Abhijeet's day is spent in building and writing about intelligent systems. He also has deep interests in philosophy, economics and literature.