Hitachi, the Japanese industrial conglomerate, has launched its fourth corporate venture fund, raising $400 million to increase its total investment to $1 billion. This fund aims to focus on generative AI startups and expand operations in India, reflecting the company’s commitment to disruptive innovation. Since its inception in 2019, Hitachi Ventures has invested in 38 startups, including five unicorns. The new fund will prioritize investments in AI-related sectors such as data centers, distributed energy systems, and industrial AI, alongside other frontier technologies like bio, quantum, and life sciences. Hitachi Ventures operates from hubs in Munich, Silicon Valley, Boston, and India.