Micron Ventures

Micron Ventures is the corporate venture capital arm of Micron Technology, established in 2006. The firm is dedicated to making early-stage equity investments in deep tech startups that are developing sustainable compute infrastructure and advanced artificial intelligence (AI) and machine learning solutions. With a total of $300 million across two dedicated funds, Micron Ventures aims to accelerate innovations that align with Micron Technology's strategic goals and push the boundaries of technological advancement. The firm leverages its position as a leading U.S. semiconductor manufacturer to provide startups with valuable market and ecosystem insights, as well as guidance on enterprise productization strategies.

The firm's investment strategy is deeply integrated with its corporate objectives, particularly in areas like sustainability and AI. Micron Ventures launched its second fund, Fund II, with $200 million, specifically targeting broader deep tech innovations. A notable aspect of Fund II is its commitment to diversity, equity, and inclusion, earmarking 20% of its capital for startups led by women and other underrepresented groups. This commitment extends beyond capital, as the firm also provides strategic support to help its portfolio companies scale globally.

Micron Ventures has built a diverse portfolio of high-potential companies across various sectors. Notable investments include Aqua Membranes, a clean-tech company focused on sustainable water solutions, and Iterative Health (formerly Iterative Scopes), which leverages AI to advance healthcare diagnostics. The firm's portfolio also features companies like SambaNova and Mythic AI in autonomous systems and cybersecurity, Normal Computing in automation/workflow software, WEKA in multicloud data platforms for AI/ML, and Taranis in agritech. Other investments span areas such as microLEDs, chiplet interconnects, and metaverse technologies, demonstrating a broad interest in foundational technologies.

The team at Micron Ventures actively sources and evaluates U.S. venture capital investments, leading the full lifecycle from deal sourcing through due diligence and investment in Seed, Series A, and Series B rounds. They serve as a central point of contact for AI initiatives, ensuring alignment between internal AI projects and resources with Micron Technology's global strategy. The team's expertise lies in driving cross-functional coordination for AI/ML execution across the company, including strategic initiatives in physical AI, generative AI, and emerging semiconductor-adjacent technologies, often seeking candidates with strong technical backgrounds and an MBA.