Deep Tech · Corporate VC

Qualcomm Ventures

Strategic CVC betting on the quantum control and software stack adjacent to Qualcomm's RF/semiconductor IP: Quantum Machines (control and orchestration, entered via Series B extension Oct 2021, board observer) and Classiq (algorithm design, strategic up-round Nov 2025). Both deals via the Israel office; follower in both.

Active San Diego, United StatesFounded 2000

Investment thesis

Evergreen CVC of Qualcomm Incorporated (founded 2000, $500M initial commitment; officially $1.5B+ deployed across 360+ companies as of 2020).

Quantum entry point is the control-and-software layer, not qubits: Quantum Machines (control/orchestration, Series B extension, Oct 2021, its first quantum deal) and Classiq (algorithm design and compilation, strategic up-round, Nov 2025).

Both quantum deals led from the Israel office by Boaz Peer (QM board observer); follower positions, undisclosed checks.

Strategic angle: quantum as a future workload for Qualcomm's RF, signal processing and edge computing franchise ('enabling intelligent edge and cloud systems', Peer on Classiq).

Anti-thesis

The patterns that trigger a fast no with this fund.

  1. Corporate VC: strategic alignment with Qualcomm's roadmap outweighs pure financial return; expect product and ecosystem questions, not just metrics
  2. Follower in both quantum rounds to date; do not pitch them to lead or price your round
  3. Two quantum deals in five years (2021, 2025): selective, not a systematic quantum program; no dedicated quantum fund
  4. Both quantum deals ran through the Israel office; non-Israeli founders lack the natural entry path
  5. No QPU hardware positions: pure qubit-hardware plays sit outside the demonstrated pattern (control layer and software only)

Notable quantum portfolio

Full portfolio
Quantum MachinesClassiq Technologies

Frequent co-investors