Panasonic Invests Additional $150 Million in Venture Capital with Conductive Ventures II
Panasonic Corporation announced today the launch of Conductive Ventures II, with a commitment of $150 million, a 50% increase from the first fund. Headquartered in California, the new fund will invest in expansion stage enterprise software and hardware technology companies in areas including artificial intelligence, financial technology, digital health, future of work, commerce, autonomous vehicle technologies and advanced manufacturing, among others. The first fund invested in companies such as Ambiq Micro, Blueshift, CSC Generation, Desktop Metal, Gen. G, Jackpocket, Proterra, Self, Sprinklr, Survata and Versatile. Despite the young vintage of Fund I, one of its first investments, Desktop Metal, has announced its intention to go public.