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The real reason Tesla is showing off its self-driving tech (TSLA)

Tesla bears are insisting that the company is staging an event to showcase its self-driving technology because it wants to distract from weak Q1 earnings coming this week. But the markets have known Tesla earnings are likely to be weak for some time. What CEO Elon Musk really wants to do is pitch Tesla autonomous tech to investors who've thus far created multi-billion-dollar valuations for self-driving businesses from the likes of GM's Cruise and Uber. Visit Business Insider's homepage for mor...
Tags: Facebook, Europe, Japan, Elon Musk, Softbank, US, Trends, Tesla, Fca, Gm, Honda, Musk, Fiat Chrysler, Zev, Waymo, Tesla Network


Sony launches a taxi-hailing app to rival Uber in Tokyo

Sony last year announced it would enter Japan’s taxi-hailing space and, good to its word, the electronics giant has kicked off its S.Ride service in Tokyo. The service — which was first noted by CNET — is a joint venture between Sony, its payment services subsidiary and five licensed taxi companies. Since ride-hailing with civilian cars is illegal in Japan, the service will focus on connecting licensed taxis with passengers. The electronics giant previously played up its use of AI to match suppl...
Tags: Startups, Lyft, Uber, Asia, Japan, China, Softbank, Spokesperson, Artificial Intelligence, Automotive, Transport, Sony, Tokyo, Commuting, Toyota, Rakuten


Extreme opinions about Tesla are completely wrong — here's why (TSLA)

The debate around Tesla is being defined by extreme bulls to one side and extreme bears to the other. A rational middle ground is hard to hold in this two-front battle over Tesla's future. Tesla moderates can take solace in the probability that the extremists are wrong. Visit Business Insider's homepage for more stories. Tesla is about to enter yet another critical moment. The carmaker will report first-quarter earnings next week, and after two consecutive quarters of profits, analysts expect...
Tags: Apple, Amazon, Facebook, Elon Musk, China, Softbank, US, Trends, Tesla, Cruise, Gm, TSLA, Silicon Valley, Honda, Henry Ford, Musk


An engineer at Uber's self-driving car unit warns that it's more like 'a science experiment' than a real car capable of driving itself (UBER)

Uber has spun out its self-driving car unit as an LLC with the unit's chief Eric Meyhofer as CEO, as part of its $1 billion investment deal. People inside the company say that the company is taking safety more seriously since their car killed a pedestrian last year. But they say that the car still doesn't drive itself all that well. One person likened it to a "science experiment." Visit BusinessInsider.com for more stories.   On the road to one of the biggest tech IPO's in years, Uber CEO Dar...
Tags: Google, Uber, California, Softbank, Trends, Pennsylvania, Arizona, Toyota, Pittsburgh, LLC, ATG, Dara Khosrowshahi, Khosrowshahi, Waymo, Eric Meyhofer, Uber s Advanced Technologies Group ATG


Uber’s self-driving unit valued at $7.25 billion in new investment: Reuters

Uber’s autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group Corp, giving the company a much-needed funding boost for its pricey self-driving ambitions on the eve of its public stock offering. Uber Technologies Inc said on Thursday that the investment values its Advanced Technologies Group, which works to develop autonomous driving technology, at $7.25 billion. SoftBank will invest $333 million from its $100 billion Vision Fund, while Toyota Motor ...
Tags: Uber, Softbank, Trends, United States, Toyota, Pittsburgh, Reuters, General Motors Co, SoftBank Group Corp, Tempe, Toyota Motor Corp, Uber Technologies Inc, Committee on Foreign Investment, ATG, Tempe Arizona, CFIUS


Toyota, SoftBank fund, Denso invest $1 billion in Uber

TOKYO (AP) — Japan’s top automaker Toyota, auto parts maker Denso and internet company SoftBank’s investment fund are investing $1 billion in car-sharing Uber’s technology unit. The Japanese companies said Friday that Toyota Motor Corp. and Denso Corp. will together invest $667 million and SoftBank Corp.’s Vision Fund will contribute $333 million in Uber Technologies […]
Tags: Business, Japan, Technology, News, Softbank, Ap, Nation, Tokyo, Toyota, Toyota Motor Corp, Uber Technologies, Softbank Corp, DENSO, Denso Corp, Toyota SoftBank


Uber has dangled $100 million at Dara Khosrowshahi if he can convince investors, or a buyer, that the company is worth $120 billion

Dara Khosrowshahi has a huge potential payout riding on Uber's IPO valuation hitting $120 billion and staying there for 90 consecutive days. He'd also get that payout for selling the company for $120 billion.  A source tell us his incentive is worth $100 million or more. Dara Khosrowshahi could get a huge payday — totaling more than $100 million according to a source — if Uber's IPO valuation hits $120 billion and stays at that level for 90 consecutive days. The Uber CEO will also get the pay...
Tags: Google, Uber, Southeast Asia, Softbank, US, Trends, Cruise, Gm, Honda, Expedia, PitchBook, Dan Primack, Dara Khosrowshahi, Primack, Khosrowshahi, Waymo


A focus on diversity reaps rewards for this Los Angeles investor

The Los Angeles startup scene has come a long way in the three-and-a-half years since Marlon Nichols, Troy Carter and Trevor Thomas launched Cross Culture Ventures. The city and its surrounding Orange County exurbs were at the beginning of a venture capital surge that has seen invested capital in the region rise from $3.63 billion in 2015 to $6 billion last year. Since Cross Culture landed on the Los Angeles scene with a $50 million fund, Nichols and his partners have notched three exits and ...
Tags: TC, Spotify, Europe, Nordstrom, New York, London, Boston, Softbank, Los Angeles, San Francisco, Tech, Atlanta, Intel, Palo Alto, University, United States


Boston Tech Watch: Tufin, Facebook, RightHand, Diameter & Jebbit

A cybersecurity IPO could raise up to $124 million for an Israeli-based company with its US headquarters in Boston. Facebook’s Boston office wants to map the world’s population in high def, starting with Africa. More venture cash is flowing into Bay State startups. Read all this and much more in this week’s roundup of local tech news.—Tufin Software Technologies, a cybersecurity company based in Israel with its US headquarters in Boston, went public this week and is listed on the New York Stock...
Tags: Deals, Startups, Facebook, Boston, Softbank, Israel, US, Trends, Tech, Connecticut, Weather Forecast, New York Stock Exchange, Eric Schmidt, Video Game, Affectiva, Healthtech


SoftBank picking its battles with U.S. national security committee

SoftBank Group Corp has agreed to give up board seats and access to sensitive information, take a more passive role in startups and make other concessions to get government clearance for its technology deals in the United States.
Tags: Money, Softbank, businessNews, SoftBank Group Corp, U S national security committee


Inside SoftBank's push to rule the road

SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc turn into more than $13 billion when the company goes public next month.
Tags: Money, Softbank, businessNews, SoftBank Group Corp, Uber Technologies Inc, Masayoshi Son


Equity Shot: A deep dive into the Uber S-1

 Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. It’s time for another Equity Shot, a quick-take episode centered around a breaking news event. This time, as you already guessed, Kate Clark and I sat down to dig into the Uber S-1. It’s a huge, complex document, but we did our best to summarize what’s inside. First, we talked through yearly results, looking back a half-decade into Uber’s revenue growth. In t...
Tags: Apple, Startups, TC, Transportation, Uber, Finance, Ipo, Softbank, Chief executive officer, Tech, Economy, Transport, Venture Capital, Commuting, Travis Kalanick, Carsharing


Travis Kalanick stands to make billions from Uber’s IPO

Uber co-founder Travis Kalanick, who resigned from the company in 2017, still stands to make billions in the company’s intial public offering, expected in May. The ride-hailing giant dropped its S-1 this afternoon, confirming plans to trade on the New York Stock Exchange under the ticker symbol “Uber.” The company did not disclose the valuation it’s seeking, but is said to be planning to sell around $10 billion in stock. The filing highlights Uber’s key stockholders, including Kalanick, wh...
Tags: Fundings & Exits, Transportation, Uber, Business, Saudi Arabia, Ipo, Softbank, Tech, United States, Transport, Venture Capital, Commuting, Travis Kalanick, New York Stock Exchange, Kalanick, Carsharing


Here's who's getting rich on Uber's massive IPO

Uber is gearing up for one of the biggest tech IPOs of all time. Its paperwork has been filed with the SEC and made public, giving us a glimpse as to who its biggest shareholders are. These are the people that stand to gain the most if Uber's entrance as a public company is well received by investors. Uber just publicly revealed the paperwork for its giant IPO. This paperwork doesn't yet include key details, like how much the company expects to charge for each share of its stock, or how many ...
Tags: Uber, Ipo, Softbank, Trends, StumbleUpon, SEC, Travis Kalanick, Kalanick, Camp, Travis Kalanick Travis Kalanick, Garrett Camp Garrett Camp, Dara Khosrowshahi Dara Khosrowshahi


Hanson recruits Softbank Robotics scientist as CTO

Hanson Robotics announced this morning that it has hired Amit Kumar Pandey, Softbank Europe’s Chief Scientist, as Chief Technology Officer (CTO) and Chief Science Officer (CSO). In his six years at Softbank, Pandey ran a various robotics initiatives, including the company’s Social Interaction and Intelligence of the Robot program. At Hanson, he will be charged with leading the company’s commercial products and fostering its AI applications. The Hong Kong-based robotics company is likely best ...
Tags: Startups, TC, Hong Kong, Softbank, Robotics, Hiring, Cto, Softbank Robotics, Sophia, Hanson, Pandey, Hanson Robotics, Amit Kumar Pandey Softbank Europe, Softbank Pandey, Social Interaction and Intelligence


Insurance startup Lemonade raises $300 million to fuel expansion: Reuters

NEW YORK (Reuters) – Tech-driven insurance startup Lemonade Inc has signed a $300 million funding round led by Japan’s SoftBank Group Corp , the company said on Thursday. Other investors included insurer Allianz SE, Alphabet Inc’s venture capital arm GV, General Catalyst, OurCrowd and Thrive Capital. The company will use the funds to expand in the United States, launch in Europe and grow its product offering beyond home and rental insurance, Lemonade Chief Executive Daniel Schreiber said in an i...
Tags: Europe, Japan, New York, Softbank, Trends, United States, Lemonade, Reuters, SoftBank Group Corp, Schreiber, Reuters Tech, VC Deals, Daniel Schreiber, Lemonade Inc, Allianz SE Alphabet Inc, GV General Catalyst OurCrowd


Travel activities platform Klook raises $225M led by SoftBank’s Vision Fund

We recently noted that SoftBank’s Vision Fund has stepped up its deal-making in Asia this year, and today it added a new company to its roster: travel services platform Klook. Hong Kong-based Klook announced today that it has raised a $225 million round led by the Vision Fund with participation from existing investors. The deal — which is described as a “Series D plus” — comes just eight months after Klook announced its $200 million Series D at a valuation of over $1 billion. The company didn’t ...
Tags: Google, Fundings & Exits, Startups, Facebook, Asia, Europe, Japan, Southeast Asia, Softbank, Funding, E-commerce, Taiwan, Asia Pacific, Alibaba, Korea, Airbnb


VC Trends in 2019: More Money, Fewer Deals But Women Still Get Less

If you’ve been following venture capital trends, what you expected to happen in the first quarter of 2019 did: More money is being invested in fewer deals, and women founders still are getting less of it than men.Venture firms sent $32.6 billion into startups nationally during the first three months of 2019, the second largest amount for any quarter since at least 2006, according to data released overnight by PitchBook and the National Venture Capital Association. But that large sum came from o...
Tags: Deals, Startups, Lyft, Uber, Hardware, Entrepreneurship, Softbank, Funding, Women, Trends, Tech, Vc, Software, Physics, Pwc, Venture Capital


SoftBank-backed Grab targets $2 billion more in funding this year in big business push: Reuters

SINGAPORE (Reuters) – Grab aims to raise another $2 billion this year as it ramps up expansion, its chief executive said, just weeks after announcing over $4.5 billion of funding in what has become Southeast Asia’s largest round of private financing. “We expect to raise $6.5 billion of total capital this year,” Anthony Tan said on Monday in an interview, in which he laid out Grab’s strategy to become an app-for-everything in Southeast Asia – home to about 650 million people. Grab later said in a...
Tags: Indonesia, Southeast Asia, Singapore, Softbank, Trends, Harvard, Reuters, SoftBank Group Corp, Uber Technologies Inc, Tan, Alphabet Inc, Hyundai Motor Co, Masa, Indonesia Reuters, VC Deals, Anthony Tan


SoftBank-backed Grab seeks another $2 billion funding in expansion drive

Grab is looking to raise another $2 billion this year to ramp up expansion, its CEO Anthony Tan told Reuters, just weeks after announcing over $4.5 billion of funding in what has become Southeast Asia's largest round of private financing.
Tags: Money, Southeast Asia, Softbank, businessNews, Reuters, Anthony Tan


SoftBank-backed Grab targets $2 billion more in funding this year in big business push

Grab aims to raise another $2 billion this year as it ramps up expansion, its chief executive said, just weeks after announcing over $4.5 billion of funding in what has become Southeast Asia's largest round of private financing.
Tags: Money, Southeast Asia, Softbank, businessNews


The essential guide to Wall Street and real estate

Wall Street and venture capitalists are pouring fortunes into everything from real estate tech companies to single-family rentals. Here's what real estate pros should know from the top down.
Tags: Wall Street, Softbank, Investing, Data, Radio, Venture Capital, Andreessen Horowitz, Zillow, Alex Rampell, Redfin, Blackstone Group, Daren Blomquist, Cerberus Capital Management, Markets & Economy, Select, The Vanguard Group


Grab plans to raise $2B more this year to fund an acquisition spree in Southeast Asia

Always be raisin’. That appears to be the motto of Southeast Asia’s ride-hailing companies Grab and Go-Jek. Fresh from closing a near-$1.5 billion raise from SoftBank’s Vision Fund as part of a huge, multi-billion Series H deal, Grab said today that it plans to extend the round to $6.5 billion to amp up its battle with Go-Jek, which recently raised $1 billion of an ongoing Series F round. A spokesperson for Grab told TechCrunch that the $6.5 billion will include additional money into that Ser...
Tags: Food, Fundings & Exits, Startups, Asia, Business, Indonesia, Southeast Asia, Softbank, Funding, Economy, Paypal, Companies, Philippines, President, Ant Financial, Carsharing


Space tech rockets higher

Joanna Glasner Contributor More posts by this contributor Corporate biotech venture funding rises again 2019 US VC funds take a more boutique approach Venture investment in space technology is hitting stratospheric heights in recent quarters. But investors in the sector are betting it will rocket higher still. The latest example of high-velocity funding is satellite internet startup OneWeb, which recently announced a galactic-sized $1.2...
Tags: TC, Column, Space, Spacex, Elon Musk, Softbank, Tech, Satellites, Venture Capital, Private Equity, Mars, Anderson, Musk, Space Technology, Arlington VA, Chad Anderson


SoftBank eyeing additional $15B for its Vision Fund: Report

Softbank's Vision Fund, the venture capital arm of Japanese conglomerate SoftBank, is seeking to raise an additional $15 billion to invest in tech startups.
Tags: Technology, Softbank, Investing, Radio, Venture Capital, Compass, Saudia Arabia, Brokerage, Opendoor, Vision Fund, Blooomberg


SoftBank Group wants to add $15 bln more for huge tech fund: Bloomberg

SoftBank Group is in talks with investors to add another $15 billion to its huge $100 billion tech fund, Bloomberg reported. SoftBank’s Vision Fund has invested more than $70 billion in tech companies in the last two years, the story said.
Tags: Softbank, Trends, Bloomberg, Funds, SoftBank Group


WeWork acquires $249 million office services startup Managed by Q as it goes after larger business customers

WeWork has acquired Managed by Q, a platform for office tenants to hire on-demand service workers like cleaners, receptionists or IT support. Managed by Q was most recently valued at $249 million in a financing round in January, according to PitchBook. The company had raised $85 million since 2014 from GV, Homebrew and RRE Ventures. Managed by Q Cofounder and CEO Dan Teran will stay on to lead Managed by Q as a separate entity under WeWork. In yet another effort to expand beyond its office l...
Tags: Softbank, Trends, WeWork, Wall Street Journal, RRE Ventures, Louis Vuitton, PitchBook Data, Euclid, Teran, Dan Teran


These 3 millennial founders just raised $50 million from a SoftBank spinoff fund for their AI startup

British AI startup Onfido has raised $50 million from SBI Holdings, an early spinoff from SoftBank. Onfido uses artificial intelligence to scan official documents such as drivers' licences and passports to confirm people's identities. The company will use the money for product development, boosting its presence in the US, and expansion into southeast Asia. The three Oxford graduates behind Onfido have an average age of 29 and have raised $100 million to date. British AI startup Onfido has r...
Tags: Asia, Europe, Usa, UK, London, Singapore, Softbank, US, Trends, Oxford, Boston Dynamics, Salesforce Ventures, Zipcar, Business Insider, Samsung Galaxy, Onfido


Boston Dynamics bought a 3D vision startup to help make its warehouse robots a reality

Boston Dynamics announced it has acquired 3D vision startup Kinema Systems. Kinema Systems developed a software called "Pick," which helps robotic arms pick up and drop pallets. The acquisition signals an shift towards commercialisation for Boston Dynamics, which has historically been heavily focused on research. Boston Dynamics, the robotics company famous for sending the internet into a frenzy over its animal and human-inspired robots, on Tuesday announced its acquisition of a 3D vision sta...
Tags: Google, Amazon, Softbank, Trends, Boston Dynamics, Menlo Park, Marc Raibert, Raibert, Kinema, Kinema Systems Kinema Systems, Kinema Systems, Promat


Andreessen Horowitz isn’t alone in leaving behind VC as we know it — and more company is coming

This morning, Forbes wrote a lengthy profile of Andreessen Horowitz, the now 10-year-old venture firm that its rivals love to hate but nevertheless tend to copy. It’s a great read that revisits some of the firm’s wins and losses and, interestingly, regrets, including the founders’ early predisposition to talk trash about the rest of the venture industry. As Ben Horowitz tells reporter Alex Konrad, “I kind of regret it, because I feel like I hurt people’s feelings who were perfectly good business...
Tags: Apple, Google, Amazon, Startups, TC, Softbank, San Francisco, Tech, Venture Capital, SEC, Ben Horowitz, Andreessen Horowitz, National Venture Capital Association, Forbes, Cohn, RIA



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