Micron pumps $200 mn in deep tech start-ups

Since its inception, Micron Ventures has made investments in 25 start-ups, yielding strong financial returns and multiple unicorn companies within the portfolio, it said in a statement.

Update: 2022-06-03 06:36 GMT
Representative image

SAN FRANCISCO: Micron Ventures, the corporate venture capital arm of Micron Technology, on Thursday announced to invest $200 million in deep tech start-ups. The latest investment builds on success of Micron Ventures Fund I and brings total assets under management to $300 million.

Since its inception, Micron Ventures has made investments in 25 start-ups, yielding strong financial returns and multiple unicorn companies within the portfolio, it said in a statement. “The future will be built on diverse ideas that aim to address the world’s most urgent problems - funding the deep tech startup community will propel innovation forward and help open doors to new business opportunities for Micron,” said Rene Hartner, VP of corporate development at Micron.

Are you in Chennai? Then click here to get our newspaper at your doorstep!

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Tags:    

Similar News