Qualcomm Backs Cubic Telecom With New Investment

San Diego-based Qualcomm is leading an investment in an Irish developer of machine-to-machine (M2M) tools, as one of the two major investors in the latest investment round in Cubic Telecom. Cubic Telecom said it raised EUR18 in a round from Audi Electronics Venture GmbH and Qualcomm Incorporated. Cubic said this is the fourth investment by Qualcomm into Cubic, whose other investors include Sierra Wireless, ACT Venture Capital, TPS Investment Limited and Enterprise Ireland.