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In an increasingly digital world, T-Mobile Ventures is focusing its second corporate venture capital fund to fuel the next generation of products and services that help bring customers and businesses deeper connections to their world.

These include bringing the power of artificial intelligence (AI) into the mobile experience, creating a seamless connected home, ensuring peace of mind for parents of digital natives and deploying actionable business insights through edge computing.

The new fund will enable private mid- and growth-stage companies to unlock the future growth areas that T-Mobile’s powerful 5G network is delivering to consumers and businesses alike. With the foundation of America’s leading 5G network, the possibilities for discovering investments that deliver industry redefining technologies and experiences are nearly endless.

“This fund is yet another way we’re doubling down on T-Mobile’s mission to be the best in the world at connecting customers to their world,” said John Saw, EVP and Chief Technology Officer, T-Mobile. “After the success of our first fund in fueling 5G innovation and bringing futuristic products like 5G-connected, AI-enabled cameras to life, we’re focusing on the next generation of products and services that will bring consumers and businesses a deeper connection to the things that matter most to them.”

T-Mobile’s second corporate venture fund will directly support T-Mobile’s strategic business growth areas via the following four objectives: augment T-Mobile’s core consumer products and services; expand T-Mobile’s set of business services and capabilities; accelerate expansion for new lines of business; and support T-Mobile’s network and technology roadmap in areas of future growth potential.

By being part of T-Mobile Ventures, portfolio companies can benefit from T-Mobile’s network and engineering expertise, go-to-market infrastructure and investment backing as they work to develop, test and launch this next generation of products and services.