Hitachi has announced the launch of its fourth corporate venture capital fund, which expects to invest in data centers.
The $400 million fund aims to identify start-ups with the potential “to create or disrupt large attractive markets, anticipate the next technological and social turning points, and generate future growth opportunities.”
The fund will invest in startups, including in data centers, distributed energy systems, and in the bio, quantum, nuclear fusion, life science, and space industries.
This is the company's fourth fund, bringing Hitachi’s total investment in corporate venture capital to $1 billion.
The company is also launching a Strategic SIB Business Unit in April that will collaborate with its corporate venturing initiative to “accelerate innovation.”
“Hitachi’s efforts in corporate venture capital, which began in 2019 with $150 million, have expanded to $1 billion in five years, driven in part by the disruptive innovation brought about by generative AI,” said Keiji Kojima, CEO of Hitachi.
Hitachi Ventures was established by Hitachi in June 2019, and has stakes in Makersite, Captura, and Archetype AI, among others.
Hitachi, a conglomerate operating across numerous industries, is no stranger to the data center market. The company offers its own cloud computing services in Japan, including a sovereign cloud, and signed an agreement with Singtel in August to develop data centers across Japan.
