Qualcomm Invests $7M In Qterics

San Diego-based Qualcomm has invested $7M in a new, Internet-of-Things startup called Qterics, as part of a strategic investment, according to Qterics' parent Silicon Image. Silicon Image said the investment provides a 7% ownership interest to Qualcomm in its spinout. Aterics is looking to provide software for Internet-enabled, consumer products, including TVs, mobile handsets, tablets, routers, home automation devices, and more. Qterics is based in Minnesota. More information »