Micron Ventures operates $300M fund for AI and deep tech investments

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Micron Ventures, the venture capital arm of Micron Technology, manages a 300 million dollar fund dedicated to investments in artificial intelligence startups and deep tech. The portfolio includes SambaNova Systems, Weka and Paperspace, specializing respectively in purpose-built AI hardware, high-performance data platforms and cloud-based GPU infrastructure for machine learning. Micron plans to invest over 250 billion dollars in US AI memory manufacturing through 2035, positioning itself as one of the three major global DRAM manufacturers alongside Samsung and SK Hynix. This venture fund serves as a scouting operation to identify which startups and technologies will drive the next wave of memory consumption. The investment focus emphasizes sustainable computing infrastructure and energy efficiency, as AI data centers consume increasingly significant amounts of power.

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