Japan-headquartered electronics producer Fujitsu launched a corporate venture capital vehicle called Fujitsu Ventures Fund yesterday with ¥10bn ($90.3m) in capital.
Fujitsu Ventures Fund will back developers of innovative technology which can inform the digital transformation of its parent company, and will invest across the United States, Europe and Israel in addition to its home country.
The corporate had previously formed CVC funds in 2006, 2010 and 2015, the last of which was equipped with $42m in cash and was established the same year as its Fujitsu Accelerator subsidiary.
Fujitsu invested $50m in US-based data analysis services provider Palantir in June 2020, and its other portfolio companies include semiconductor laser technology developer QD Laser and quantum software provider 1QB Information Technologies.
