Hitachi Ventures raises $400M fund to invest in everything from fusion to AI

Hitachi Ventures secured $400 million for a fourth fund, the firm exclusively told TechCrunch.

The size of the new fund is a vote of confidence in a range of deep tech verticals. The corporate VC’s sprawling portfolio mimics that of its limited partner’s, including energy, manufacturing, biotech, and AI.

“We are open to other breakthrough opportunities,” said managing director and CEO Stefan Gabriel. “There’s a lot around quantum, nuclear, life science, space tech. Not too broad — we have a clear view on what excites us in…