inPlug, a Chinese smart home device/platform solution provider, received an investment of undisclosed amount from Qualcomm Incorporated (NASDAQ: QCOM).
The company is expected to be funded through the company’s $150M strategic Chinaventure fund that was announced earlier in 2014.
The investment is part of a Qualcomm commitment to invest an aggregate of $40m into four Chinese companies and the China Walden Venture Investments, L.P. fund.
inPlug is a smart home platform solution provider, whose key technology is centered on network virtualization utilizing Software Defined Network, with which comprehensive smart control on home network can be realized. Its current ‘Light Smart Home’ devices series includes smart plug, smart switch, and infrared control sticker.
FinSMEs
16/12/2014