Softbank Vision Fund
It’s not just instant-delivery startups that are struggling. Oda, the Norway-based online supermarket delivery startup, has confirmed layoffs of 150 jobs as it drastically scales back its expansion ambitions to…
Would Arm be able to wrangle a price-sales and price-earnings premium to Intel and TSMC? We think so.
SoftBank once invested in social app IRL at a $1.1 billion valuation. Now, the Japanese investment firm is suing the defunct company for fraud, alleging $150 million in damages. IRL…
SoftBank Vision Fund lost $32 billion in the financial year ending March as the Japanese investment giant, the most prolific global investor in tech startups, continues to suffer from valuation…
SoftBank Vision Fund is reportedly laying off 30% of its workforce, or at least 150 employees
The Vision Fund, a venture capital arm of SoftBank, has launched a sweeping layoff process, cutting at least 30% of its workforce globally, or approximately 150 of the 500 employees,…
The Vision Fund was always a funded vision; today we learned just how cloudy that perspective is proving.
The $2.5 million Rimac Nevera all-electric hypercar has begun rolling off the assembly line, launching on the world stage as the fastest production car and an emblem of the Croatian…
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What’s the ‘secret sauce’ behind Croatian EV maker Rimac?
Rimac Group made headlines after raising a Series D round that valued the Croatian startup at $2.2 billion, prompting the question: How has it succeeded where so many other EV makers have struggled?
Meta Pharmaceuticals lands $15M to make autoimmune drugs with AI, new immuno-metabolism tech
Biotech startup Meta Pharmaceuticals sets itself an ambitious goal as it secures its initial investment. The Shenzhen-based company, which sets out to develop treatments for autoimmune diseases with the help…
Online education continues to get a lot of attention in the wake of COVID-19 and the shift it brought to how people can learn. And to underscore that fact, Go1…
Despite shaky markets, a steady stream of investors continue writing big checks for blockchain infrastructure providers. InfStones, which aims to help clients build applications across a number of blockchain platforms,…
Firework provides tools for retailers and consumer brands to tap into their own customer data to build engaging video experiences across their own digital properties and social channels.
SoftBank may cut its startup investments this fiscal year (FY 2023) by more than half, chief executive Masayoshi Son said on an earnings call Thursday, the latest high-profile investor to…
GM set a goal to sell more than 1 million EVs in North America by the end of 2025, but materials shortages, supply chain issues, and the resulting slowdown in…
Pending regulatory review, the company’s chicken product will be available to consumers in the U.S. later this year.
Observe.ai raises $125M, adding Zoom as an investor, to supercharge the contact center market
Contact centers play a key part in how a company engages with customers, amounting to what is a $400 billion market globally. Today, a company that believes it can improve…
Remote raises $300M more, now at a $3B+ valuation, to manage payments and more for globally distributed workforces
Remote workforces have come into their own in the last several years, with companies ever more willing to tap into talent wherever it happens to be, and a vast array…
Digits books $65M on a $565M valuation to bring a more dynamic, automated approach to legacy accounting tools
Digits, the startup that is building a new take on accounting software through an approach that it describes as building a “Living Model” of a company’s financial activity, has brought…
CEO Guru Hariharan sees the $4.5 trillion retail industry at a massive inflection point.
General Motors is expanding its ownership stake in self-driving car subsidiary Cruise. The automaker said late Friday that is is acquiring SoftBank Vision Fund 1’s equity ownership in Cruise for…
Crypto developer ConsenSys, which owns the popular Ethereum-based MetaMask wallet, announced a $450 million Series D round today that values the company at $7 billion, nearly double in worth since…
COVID, supply chain issues, labor shortages, Amazon. Take your pick. The reasons for getting excited about logistics robotics are numerous and growing. RightHand Robotics had already amassed its share of…
How do YouTubers make a living? Usually, through a mixture of merch sales, membership programs or maybe even a custom product. But YouTube ad revenue makes up a sizable chunk…
This latest round gives the company $300 million in total funding raised in the past two years and a $1.5 billion valuation.
Venture capital continues to flow into Latin America at a staggering rate. Just over $15 billion went into startups in 2021, according to LAVCA. That was three times more than…
Clikalia clicks on $86M to expand its iBuyer marketplace across Europe and Latin America
Companies like Opendoor opened the door to a new way of buying and selling properties by inserting a strong middle player who could buy houses or apartments and redevelop them…
Remember Wag? The dog-walking app made huge waves back in 2018 when it raised $300 million from SoftBank’s Vision Fund. Wag’s back in the news thanks to a SPAC deal…
Vivid Money, a challenger bank out of Berlin with 500,000 customers, has made a name for itself with a financial one-stop shop “super app” that, in addition to basic checking…
Cruise, loaded with another $1.35B from SoftBank, opens up driverless ride-hailing to the public
Cruise is opening up its driverless robotaxi service to the public in San Francisco as the GM subsidiary creeps toward commercialization with a fresh $1.35 billion investment from SoftBank Vision…
More than 100 million Americans spend an average of $1,100 (over $1.4 trillion per year) on their largest monthly household spend: rent. But reports say 90% of these people don’t get…
