Qualcomm Ventures led a $100m Series C funding round in Frore Systems.

Qualcomm Ventures, Qualcomm’s venture arm, led a $100m Series C funding round in Frore Systems, an operator of an engineering company intended to offer flexible microelectromechanical systems, with participation from Mayfield, Addition and Clear Ventures. “The pandemic has increased the value proposition for AirJet. The world has become increasingly mobile and reliant on devices to stay connected in both the workplace and at home. We do not anticipate the broader slowdown in tech will adversely impact Frore. Even if demand for consumer devices slows, in a market where manufacturers are fiercely competing for the consumer spending and market share, the ability to differentiate their devices by offering superior processor performance will ensure demand for the AirJet product. This is being reflected in customer interest in and demand for AirJet," Seshagiri Madhavapeddy, Frore Systems Co-Founder and CEO.