The Japanese telecoms firm has again teamed with venture firm Global Brain, for a fund that will prioritise artificial intelligence and deeptech.
Japanese telecommunications firm KDDI launched its latest fund in partnership with venture capital firm Global Brain today, with ¥5bn ($34m) of capital.
KDDI’s Innovation Funds have invested roughly $275m since 2012, spread across some 150 domestic startups, with artificial intelligence, the internet of things, data marketing, financial technology, entertainment and enterprise software key areas.
The latest fund, Open Innovation Fund V, will target companies that could trigger new business opportunities for KDDI, especially in AI and deeptech.
It is the first Open Innovation Fund to be publicly announced since Fund III was set up in 2018 to target 5G technologies. It follows the formation of the climate tech-focused KDDI Green Partners Fund in 2021.
GCV+ subscribers can access details of KDDI’s funds and hundreds of other corporate venture units in the CVC Directory.
