Cubic Telecom raises €18 million in funding from Audi and Qualcomm

Cubic Telecom has secured a €18 million co-investment from Audi Electronics Venture (obviously a subsidiary of car maker AUDI) and Qualcomm to boost its cloud-based machine-to-machine (M2M) platform. For Qualcomm, it's the fourth investment in Cubic Telecom.

The Dublin, Ireland-based company aims to enable seamless global connectivity solutions for enterprise customers across automotive, computer OEM and retail sectors. Cubic's applications and technologies are embedded at the manufacturing stage, enabling its customers to offer connectivity anywhere in the world. It works with companies like HP, Lenovo and Australian retailer Woolworths.

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.