Micron Ventures, with Fund II, Commits $200M to Deep Tech Startups

Micron Technology has disclosed that Micron Ventures, its venture capital arm, is set to invest $200 million in deep tech startups through its Fund II. This initiative follows the success of Fund I, initially focused on AI, and will broaden its scope to encompass a wider range of deep tech innovations. In a commitment to diversity, equality, and inclusion (DEI), 20% of Fund II’s capital will be directed towards startups led by women and other underrepresented groups. Since its establishment, Micron Ventures has invested in 25 startups, delivering strong financial returns and boasting multiple unicorn companies in its portfolio. The venture arm has played a role in fostering technology innovation, particularly in AI-assisted manufacturing, edge security, and autonomous vehicles. Moreover, 25% of the invested capital in Fund I went to startups led by underrepresented groups, surpassing the initial 20% target. Micron Ventures has also supported green technology initiatives aligning with Micron’s sustainability goals. Rene Hartner, VP of Corporate Development at Micron, emphasized the strategic importance of investing in startups for gaining insights into emerging technologies and disruptive ideas. Micron not only seeks financial returns but also leverages partnerships to accelerate the adoption of AI technologies, reduce manufacturing costs, enhance global go-to-market capabilities with Cloud Service Providers, and strengthen relationships in the automotive value chain. Early-stage equity investments are integral to Micron’s innovation strategy, providing valuable market insights and aligning with its mission for equity and sustainability. Founders and leaders of startups focused on science and technology innovation can explore opportunities with Micron Ventures.