By Josh Beckerman

Qualcomm Inc. (QCOM) launched a $100 million fund focused on artificial intelligence and said the fund's first investment was in AnyVision, a face, body and object recoginition startup.

Qualcom said the investment "builds on our long history of successful AI investments" including Cruise Automation, Brain Corp. and Clarifai. The fund will pursue sectors like self-driving cars and robotics.

Bosch Building Technologies said in June that it would buy a 9% stake in AnyVision. Bosch led the $28 million of Series A financing that AnyVision disclosed in July, a round that also included "two prominent U.S. private equity groups."

AnyVision serves markets including public safety, airports, sports and entertainment, banks and "smart cities." According to the company's website, its Better Tomorrow platform also has commercial applications, such as providing information to retailers on "heavy shoppers."

In February, AnyVision and Nvidia Corp. (NVDA) said it forged a partnership focused on surveillance cameras.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

November 28, 2018 19:22 ET (00:22 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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