Hitachi, Ltd. today announced the establishment of a third fund for Hitachi Ventures (HV), the global corporate venture capital arm of Hitachi, for the purpose of accelerating innovation and initiating new business opportunities in the digital domain.

The fund will begin with a size of $ 300 million, which is twice the size of the first and second funds established previously and will make strategic investments in startups driving the latest digital trends including Web3 and generative AI technologies.