Hitachi Ltd. announced that its global venture capital arm, Hitachi Ventures (HV), has established a third fund to accelerate innovation in the digital sector.
The initial size of the fund is US$300 million, twice the size of the first and second funds established previously, and plans to focus on strategic investments in startups in the fields of Web3 and generative AI. Hitachi Ventures launched its first fund in June 2019 and its second fund in October 2021. The newly launched third fund will also focus on startups with cutting-edge technologies and service models such as artificial intelligence, blockchain, cloud computing, and 5G. (Hpcwire)