On April 23, Hitachi announced that its global venture capital institution, Hitachi Ventures (HV), had set up a third fund to invest in startups in the field of Web3 and generative AI with a US$300 million fund to accelerate innovation in key digital fields and find new ones. Business.
The initial size of the fund is US$300 million, twice the size of the first and second funds established since 2019, and it will promote Web3 technology, artificial intelligence, blockchain, cloud computing, 5G/6G and VR Make strategic investments in start-up companies with the latest digital trends such as new service models.
Through such investments, the fund will help digital innovation, social practice, and contribute to the development of innovative systems and experiences for customers, ensuring sustainable growth, etc.