China-based internet-of-things (IoT) device developer Borqs International has closed a $10m series E round co-led by Qualcomm Ventures, mobile chipmaker Qualcomm’s corporate venturing unit, The Economic Times reported on Monday.
Founded in 2007, Borqs provides smart connected devices and cloud services for the internet-of-things industry, and has research and development centres in Bangalore and Beijing.
The round, which was co-led with venture capital firm Accel Partners India, has taken place about six weeks ahead of a $303m reverse merger with…
