Hitachi Ventures, a subsidiary of Hitachi, has established a new fund with an initial size of $300 million, aimed at investing in Web3 and generative AI

ChainCatcher news, Hitachi (Hitachi.Ltd) announced that its global venture capital arm Hitachi Ventures (HV) has established its third fund to accelerate innovation in the digital domain. The initial size of the fund is $300 million, which is double the size of the previously established first and second funds, and it aims to strategically invest 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. (source link)