Micron Ventures to invest $200 million in deep tech startups

Micron Ventures, the corporate venture capital arm of Micron Technology, on Thursday announced to invest $200 million in deep tech startups.
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 startups, 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, vice president of corporate development at Micron.
Micron said that 20 per cent of invested capital in the new Fund II will be aimed at startups led by women and other underrepresented groups.