Panasonic Committing $150M to 2nd Investment Fund for Tech Startups
Panasonic is committing $150 million to a second Conductive Ventures fund for investing in tech startups in artificial intelligence, digital health, future of work, autonomous vehicles and other fields, said the company Monday. "Uncertainty is rife in today's global economy,"…
said Conductive Ventures Managing Director Carey Lai. "We're committed to helping expansion stage companies build on their foundation, leverage their talent and innovation, and weather the storm to bring to market ideas and technologies that will have a positive impact on their respective industries.” The first $100 million fund went to at least a dozen tech startups, one of which, 3D printing company Desktop Metal, has announced its intention to go public, said Panasonic.