Micron Technology’s VC arm launches $250 million AI fund

NEW DELHI: The US-based Micron Technology’s venture capital (VC) arm – Micron Ventures – has launched its third fund with a $250 million corpus to invest in the full stack of artificial intelligence (AI), including models, compute, and physical AI.

“Micron’s Paradigm Fund will invest in and partner with startups driving these innovations and strengthen our ability to deliver leading memory and storage solutions to meet the growing AI demands,” said Rene Hartner, vice president of corporate development at Micron, in a statement recently.