Qualcomm Labs, Inc. revealed the first set of companies, Arynga, Inc., FatSkunk, Inc. and Breadcrumbs, Inc. to be funded as part of the QualcommLabs@EvoNexus initiative.
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 industry.
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.
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.
- Arynga: 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.
- FatSkunk: 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.
- Breadcrumbs: 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.
"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 subsidiary."