Panasonic has announced the launch of Conductive Ventures II, with a commitment of USD 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 the areas including artificial intelligence, financial technology, digital health, future of work, commerce, autonomous vehicle technologies, advanced manufacturing, etc. The first fund was 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.
Conductive Ventures, led by venture capitalists with experience from IVP, Kleiner Perkins and Intel Capital will continue to spearhead investments in expansion stage companies…