Qualcomm Ventures

Qualcomm Ventures, established in 2000, is the investment arm of Qualcomm Incorporated. Based in San Diego, California, it is a global corporate venture capital fund that invests in early-stage technology companies. With over $500 million initially committed and subsequent regional funds totaling over $300 million, Qualcomm Ventures focuses on sectors such as artificial intelligence, automotive, cloud, enterprise, internet of things, mobile, and extended reality. It seeks to generate strong returns while complementing Qualcomm's existing products and services, and often invests between $500,000 and $10 million at the expansion stage. Notable portfolio companies include 99 Taxis, Cruise Automation, and Fitbit.

Sachin Deshpande

Senior Director

Michel Glezer

Investment Director

Tushar Gupta

Managing Director, North America

Judd Heape

Vice President of Product Management

Carlos Kokron

Vice President and Managing Director of North America

Quinn Li

Senior Vice President and Global Head

Song Mao

Senior Investment Director

Akash Palkhiwala

CFO

Boaz Peer

Managing Director, Israel and Europe

Richard Tapalaga

Investment Director

Merav Weinryb

Vice President and Managing Director, Israel and Europe

Nan Zhou

Director

Nakul Duggal

Senior Vice President and General Manager, Automotive

Past deals in Virtual Reality

echo3D

Venture Round in 2022
echo3D is a cloud-based platform that specializes in 3D asset management, allowing developers and companies to store, secure, and share 3D content in real-time. Established in 2018 and headquartered in New York, the platform provides a comprehensive suite of tools, including a content management system (CMS), a content delivery network (CDN), and asset compression and conversion tools. These features enable users to efficiently manage and stream 3D applications and content across various platforms. By offering a scalable backend infrastructure, echo3D facilitates collaboration among developers and organizations, streamlining the process of building and deploying augmented reality (AR) and virtual reality (VR) applications.

Tripp

Series A in 2022
Tripp Inc. is a company focused on developing a digital psychedelic wellness platform that utilizes virtual and augmented reality to enhance emotional well-being. Founded in 2016 and headquartered in Los Angeles, California, with a satellite office in Chicago, the company creates immersive experiences that combine audio, visual elements, and gameplay mechanics to promote mindfulness and transformation. Tripp’s offerings are informed by scientific research indicating that interactive digital experiences can positively influence brain function. Through its platform, the company delivers wellness solutions designed to help users manage their emotions, reduce stress and anxiety, and achieve a state of calm and focus.

Clay AIR, acq. by Qualcomm

Acquisition in 2021
Clay AIR is now part of Qualcomm. Hand tracking is essential to enable intuitive and interactive experiences in XR, for users and developers. Together, we continue to create the future of interactions and power the spaces for a new generation of XR.

Resolution Games

Series C in 2021
Resolution Games, established in 2015 and headquartered in Stockholm, Sweden, is a pioneering games studio specializing in virtual and augmented reality experiences. Led by industry veterans, the company crafts an impressive portfolio of titles that transport players into rich, immersive VR and AR worlds, accessible across multiple platforms.

The VOID

Venture Round in 2019
THE VOID, LLC operates virtual entertainment centers that specialize in immersive experiences, blending virtual reality with interactive real-world environments. Founded in 2015 and headquartered in Lindon, Utah, the company has expanded to various locations, including Anaheim, Orlando, New York City, Dubai, and Toronto. The VOID caters to individuals aged ten and older, offering them the opportunity to explore fantastical worlds and share memorable adventures with friends and family. By utilizing innovative technology that combines physical sets with real-time interactive effects, the company aims to create hyper-reality experiences that allow participants to fully engage in games and narratives, enhancing their entertainment experience.

Magic AI

Venture Round in 2017
MAGIC AI is a metaverse company focused on developing technologies that facilitate the creation and application of virtual humans, also known as digital twins. Utilizing a combination of artificial intelligence, virtual reality (VR), and augmented reality (AR), the company aims to enhance human-computer interaction for both personal and enterprise customers. By building an open technology platform, MAGIC AI seeks to realize a more connected metaverse, enabling users to engage in immersive experiences that bridge the gap between the physical and digital worlds.

OppenFuture

Angel Round in 2017
OppenFuture Technologies specializes in light field capturing and rendering technology, focusing on creating realistic 3D models for websites and mobile applications. The company has developed its patented Hololux™ technology, which enables the creation of photorealistic virtual 3D content from captured imagery. This process involves capturing, reconstructing, and rendering to replicate the color, texture, shading, and translucency of various objects and scenes. OppenFuture's solutions are designed to meet the increasing demand for immersive experiences in augmented reality (AR) and virtual reality (VR), making it an ideal choice for industries such as e-commerce, retail, education, and entertainment. By providing full-immersive experiences, OppenFuture allows brands to engage customers interactively with high-quality 3D renditions across multiple platforms. The company's technology also offers innovative marketing solutions for merchants, particularly in high-traffic areas like shopping malls and museums, utilizing mixed reality and deep learning to enhance consumer engagement.

Lytro

Series D in 2017
Lytro is a pioneering company focused on developing advanced Light Field imaging platform technologies, enabling artists, scientists, and innovators to achieve unprecedented creative freedom and control. Founded in 2006 by Ren Ng, who earned recognition for his groundbreaking Ph.D. research in Light Field imaging, Lytro introduced its first consumer Light Field camera in 2012. This was followed by the release of the Lytro ILLUM and associated software tools in 2014, which expanded the application of Light Field technology beyond photography to various fields, including cinematography and industrial uses. In 2015, Lytro further diversified its offerings by entering the realms of virtual reality and scientific applications, establishing itself as a central player in a new technology ecosystem. With a commitment to enhancing visual quality and creative possibilities, Lytro’s products allow users to capture multi-dimensional data from multiple angles, thereby transforming the landscape of computational imaging. The company is headquartered in Mountain View, California.

Magic AI

Angel Round in 2017
MAGIC AI is a metaverse company focused on developing technologies that facilitate the creation and application of virtual humans, also known as digital twins. Utilizing a combination of artificial intelligence, virtual reality (VR), and augmented reality (AR), the company aims to enhance human-computer interaction for both personal and enterprise customers. By building an open technology platform, MAGIC AI seeks to realize a more connected metaverse, enabling users to engage in immersive experiences that bridge the gap between the physical and digital worlds.

Owlchemy Labs

Series A in 2016
Owlchemy Labs LLC is a game studio based in Austin, Texas, founded in 2010. The company specializes in developing mechanic-driven games and virtual reality experiences, focusing on creating absurd and polished titles. Owlchemy Labs has produced a variety of original games for over 20 platforms, including notable titles such as Job Simulator, which was featured at Sundance, and the Adult Swim published Rick and Morty Simulator: Virtual Rick-ality. Other acclaimed games include Dyscourse, Jack Lumber, Snuggle Truck, and Aaaaaculus!, developed in collaboration with Dejobaan. As a pioneer in the VR space, Owlchemy Labs has contributed to the gaming community by sharing its expertise and knowledge, notably through the VR Austin group, which has grown to over 2,000 members. The company continues to be influential in the development of virtual reality gaming.

Ximmerse

Series A in 2016
Ximmerse is a company based in Guangdong, China, specializing in mobile visual computing and inertial tracking solutions for augmented and virtual reality devices. Founded by Mike Bailey in December 2014, Ximmerse develops advanced audio and video devices that enhance virtual reality experiences. Its offerings include a cross-platform optical tracking system utilizing a high field of view stereo camera and a suite of controller peripherals. These products enable users to accurately track their position in three-dimensional space and interact with 3D simulated environments through mobile devices, thereby improving the overall immersive experience.

Ximmerse

Seed Round in 2014
Ximmerse is a company based in Guangdong, China, specializing in mobile visual computing and inertial tracking solutions for augmented and virtual reality devices. Founded by Mike Bailey in December 2014, Ximmerse develops advanced audio and video devices that enhance virtual reality experiences. Its offerings include a cross-platform optical tracking system utilizing a high field of view stereo camera and a suite of controller peripherals. These products enable users to accurately track their position in three-dimensional space and interact with 3D simulated environments through mobile devices, thereby improving the overall immersive experience.
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