The unit will invest in advanced systems and robotics, climate and energy and human health technologies.
Analog Devices, a US-based global semiconductor manufacturing company, has announced the launch of its first corporate VC fund called ADVentures (ADV).
The fund will focus on identifying and investing globally in early-stage startups developing pioneering solutions in the domains of advanced systems and robotics, climate and energy, and human health. Other areas of interest include new sensing modalities, computing architectures, secure connectivity and AI.
“With ADVentures, ADI will continue to ensure today’s innovators stay ahead of what’s possible,” said Stephanie Sidelko, vice president, head of strategy at Analog Devices, in a press release announcing the launch of the fund. “By combining our decades of expertise with the bold ideas of emerging startups, ADV will help accelerate transformative solutions to the world’s toughest, most complex, and urgent challenges.”
The CVC unit will be led by Kimberly Blakemore, who was previously director of climate tech strategy at Analog Devices.
