EdgeQ emerges from stealth to bring AI to the edge with 5G

EdgeQ, a startup developing 5G systems-on-chip, today emerged from stealth with $51 million in funding. The 90-employee company says the fresh capital will accelerate its go-to-market efforts as it moves toward mass production of its chipset products. With a team of semiconductor, 5G, Wi-Fi, and AI industry veterans hailing from Qualcomm, Intel, and Broadcom, EdgeQ is adopting a "software-driven" development model for OEMs and operators that supports private networking via cellular protocols including 5G (and also 4G). This model promises to decouple the infrastructure from expensive, closed, and inflexible systems to intelligent software layers running on off-the-shelf hardware. The global edge computing market is anticipated to reach $43.4 billion by 2027, according to a 2020 report by Grand View Research.