Qualcomm Labs Unveils First Companies for Funding Through its
-Three Tech Startups Accelerate Their Business -
SAN DIEGO, Nov. 8, 2012
SAN DIEGO, Nov. 8, 2012 /PRNewswire-FirstCall/ --Qualcomm Labs, Inc., the
wholly owned incubator subsidiary of Qualcomm Technologies, Inc. (QTI), today
announced the first set of companies, Arynga, Inc., FatSkunk, Inc., and
Breadcrumbs, Inc., to be funded as part of the QualcommLabs@EvoNexus
Launched in May 2012, QualcommLabs@EvoNexus is a Qualcomm Labs sponsored
incubation program operating within the walls of the CommNexus incubator,
EvoNexus. The program brings together Qualcomm Labs' commitment to innovation
with EvoNexus' forward-thinking, pro-bono community incubation model and opens
up opportunities to further technology development, advancing the wireless
After evaluating more than 100 submissions from startup companies and
entrepreneurs in the high-tech sector, EvoNexus admitted its eleventh round of
companies to the incubator including Arynga, FatSkunk and Breadcrumbs. In
parallel, Qualcomm Labs executed funding agreements with each company.
oArynga: Headquartered in San Diego, Arynga is a software solutions and
services company focused on the management of connected assets in
transportation, travel, hospitality, and energy and consumer electronics.
The company delivers over-the-air remote configuration management and
real-time location solutions. Arynga will receive $250,000 in funding.
oFatSkunk: Founded in Silicon Valley and establishing headquarters in San
Diego, FatSkunk offers a new software solution for mobile malware
detection that uses physics, instead of conventional heuristics or
signatures. The result is battery-efficient, true zero day malware
detection capability, with no need for OTA signature updates from
carriers. FatSkunk will receive $250,000 in funding.
oBreadcrumbs: Headquartered in San Diego, Breadcrumbs is a mobile app for
Android and iOS that provides an automatic timeline of a user's day, using
the phone's built-in sensors. Breadcrumbs will receive $50,000 in funding.
"We are thrilled to welcome Arynga, FatSkunk and Breadcrumbs into the EvoNexus
incubator program as we believe they all provide solutions that address
important technology needs," said Rory Moore, chief executive officer,
CommNexus. "The combination of EvoNexus' proven results and Qualcomm Labs'
expertise in technology innovation will get these companies off to a great
start. We look forward to supporting their future growth and success."
In addition to QualcommLabs@EvoNexus seed funding, Arynga, FatSkunk and
Breadcrumbs will receive free accommodation within EvoNexus' fully furnished
Downtown San Diego or La Jolla office locations. During their residency, which
can be up to two years, these companies, along with several other selected
incubator companies, will work on developing their products and technologies
into viable businesses. They will have the chance to work with experienced
employees designated by Qualcomm Labs who will serve as mentors and will have
access to a broad network of industry experts and investment professionals who
participate with EvoNexus.
"Qualcomm Labs' roots in technology innovation combined with our continuous
commitment to move the wireless industry forward, puts us in a unique position
to support entrepreneurs to transform their ideas into businesses," said Liz
Gasser, vice president, Qualcomm Labs. "Twenty seven years ago, Qualcomm
itself was a startup. We're looking forward to seeing how these innovations
will positively impact San Diego and the world via our Qualcomm Labs
About Qualcomm Technologies, Inc.
Qualcomm Technologies, Inc. (QTI), a wholly owned subsidiary of Qualcomm
Incorporated (NASDAQ: QCOM), is redefining the way people incorporate wireless
devices and services into everyday life. QTI and its subsidiaries operate
substantially all of Qualcomm's research and development activities, and
product and services businesses, including Qualcomm's semiconductor business,
QCT. QTI's developments enable opportunities across the wireless and wired
value chains by making devices and networks faster, content richer and
communications more personal and affordable to people everywhere. For more
information, go to www.qualcomm.com.
Qualcomm is a trademark of Qualcomm Incorporated, registered in the United
States and other countries. All Qualcomm Incorporated trademarks are used with
permission. Other products and brand names may be trademarks or registered
trademarks of their respective owners.
SOURCE Qualcomm Technologies, Inc.
Contact: Emily Kilpatrick, Corporate Communications, 1-858-845-5959,
email@example.com, Warren Kneeshaw, Investor Relations, 1-858-658-4813,
firstname.lastname@example.org, Cheryl K. Goodman, Qualcomm Labs, Inc., 1-858-651-6276,
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