Posts filtered by tags: Softbank[x]


WeWork cofounder Adam Neumann is reportedly spending $44 million on 2 Miami Beach properties, months after selling his San Francisco 'Guitar House' compound

Former WeWork CEO Adam Neumann. Michael Kovac/Getty Images for WeWork Adam Neumann is buying two plots of land for $44 million on Miami Beach, the seller told the WSJ. The WeWork cofounder will have 50,000 square feet of land and multiple boat slips, the seller said. Neumann's purchase comes months after he sold his compound in San Francisco's Bay Area. See more stories on Insider's business page. WeWork cofounder and former CEO Adam Neumann is set to buy two properties for $44...
Tags: Real Estate, News, Ipo, Softbank, Israel, San Francisco, Trends, Property, WeWork, Wall Street Journal, Journal, WSJ, San Francisco Bay Area, Neumann, Miami Beach, Adam Neumann

Voting issues for meme stocks - Wall Street home-buying controversy - New-look fintechs

Lucky-photographer/Shutterstock Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:So-called meme stocks get the benefit of an influx of retail traders, but many of the new investors aren't . Executives at Stash, DailyPay, and HMBradley detail why they invested in new brands and logos.Medline's roughly $34 billion buyout could set the stage for a string of more large-scale M&A. Insider Finance will be off on Friday t...
Tags: Softbank, US, Trends, Getty Images, Accenture, Rupert Murdoch, Jamie Dimon, Blackrock, Masayoshi Son, MEDLINE, Ari Emanuel, Amy Sussman Getty, Ben Gabbe Getty, Alessandro Di Ciommo NurPhoto, Dan DeFrancesco, Jeff Sine

Leica's very own Leitz Phone 1 is a rebadged Sharp Aquos R6

The Leitz Phone 1 is Leica's first self-branded mobile phone, and it'll be a Softbank exclusive when it launches in July.
Tags: Softbank, Leica, Sharp Aquos, Leitz Phone

SoftBank Vision Fund 2 leads $140M funding in Vishal Sikka’s Vianai

Vianai Systems, an AI startup founded by former chief executive of Indian IT services giant Infosys, said on Wednesday it has raised $140 million in a round led by SoftBank Vision Fund 2. The two-year-old startup said a number of industry luminaries also participated in the new round, which brings its total to-date raise to at least $190 million. The startup raised $50 million in its Seed financing round, but there’s no word on the size of its Series A round. Details about what exactly the Palo ...
Tags: Softbank, Funding, Tech, Palo Alto, Artificial Intelligence, KKR, Jerry Yang, Infosys, Munich Re, George Roberts, Sikka, Vishal Sikka, Jim Davidson, Fei Fei Li, SoftBank Vision Fund, SoftBank Investment Advisers

Messaging social network IRL hits unicorn status with SoftBank-led $170M Series C

Social calendar app IRL has been busy building a messaging-based social network, or what founder and CEO Abraham Shafi calls a “WeChat of the West.” Following its pandemic-fueled growth and further push into the social networking space with group chat and other features, IRL is today announcing a sizable $170 million Series C growth round, led by SoftBank’s Vision Fund 2. The fundraise also mints IRL as a new unicorn with a $1.17 billion valuation. Besides SoftBank, new investor Dragoneer also p...
Tags: Social, Startups, TC, Facebook, Apps, Instagram, Social Networks, California, Softbank, Funding, San Francisco, Tech, United States, WeChat, Twitch, Social Network

Bankrupt construction startup Katerra sued by former employees

Former employees of the SoftBank-backed real estate startup say they were laid off without a fair warning.
Tags: Technology, Softbank, Radio, Lawsuits, Construction, Employment law, Industry News, Katerra

The Station: Robotaxi apps on the rise, an AI pioneer’s new startup and mobility event highlights

Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. Welp, the mobility event is over and we had loads of interesting interviews and anyone with an Extra Crunch subscription can access the videos. For instance, Rita Liao moderated a panel with executives from three Chinese robotaxi companies — WeRide, AutoX and Momenta — that also test and develop in Europe and the United States. One inter...
Tags: Google, Transportation, Asia, Twitter, Europe, Indonesia, California, Senate, White House, China, Russia, Softbank, America, Tech, Tesla, Bloomberg

#Saudi Wealth Fund Makes Senior Hires, Including Goldman Banker - Bloomberg

Saudi Wealth Fund Makes Senior Hires, Including Goldman Banker - Bloomberg Saudi Arabia’s $430 billion sovereign wealth fund made three senior hires, including Goldman Sachs Group Inc.’s head of investment banking in the kingdom, as it expands deal-making.Goldman banker Eyas AlDossari will head investment advisory within the MENA Investments Division of the fund, according to a statement. Omar AlMadhi, who previously worked with Saudi Aramco and Volkswagen AG, will join him at the division as ...
Tags: Travel, Saudi Arabia, Softbank, Goldman, Pif, Lucid, Saudi Aramco, Mohammed bin Salman, Goldman Sachs Group Inc, Volkswagen AG, HSBC Holdings Plc, Uber Technologies, Rupert Neil Bumfrey, Vision Fund, Yazeed Alhumied, Abdullah Shaker

The deal whisperer: Inside the rise of Raine Group's Jeff Sine

From left: Masayoshi Son, Rupert Murdoch, Jeff Sine, and Ari Emanuel. Alessandro Di Ciommo/NurPhoto via Getty Images; Taylor Hill/Wire Image; Ben Gabbe/Getty Images for Common Sense Media; Amy Sussman/Getty Images; Raymond Boyd/Getty Images; Samantha Lee/Insider Jeff Sine has built a career as an unorthodox banker. He's advised business moguls like Masayoshi Son and Rupert Murdoch. The Raine Group, a media- and entertainment-focused merchant bank, is now a billion-dollar business. Se...
Tags: Softbank, Trends, Getty Images, Rupert Murdoch, Raine Group, Masayoshi Son, Masa, Sine, Amy Sussman Getty, Alex Morrell, Samantha Lee, Ben Gabbe Getty, Jeff Sine, Raymond Boyd Getty, Taylor Hill Wire Image, Ari Emanuel Alessandro Di Ciommo NurPhoto

Miami and Space - the new battlegrounds for tech's top egos

Hello, and welcome to this week's edition of the Insider Tech newsletter, where we break down the biggest news in tech, including:Miami techies bristle at Silicon Valley "saviors"Palantir's TikTok astro-momThe most promising startups of 2021 Did someone forward this newsletter to you? Sign up here. Soundtrack: This week's newsletter has been specially designed to be consumed while listening to David Bowie's "Starman." This week: Tech egos are clashing, from the shores of Miami to...
Tags: Amazon, Startups, Space, Science, Enterprise, Microsoft, Softbank, America, Newsletter, Trends, Virgin Galactic, David Bowie, Venture Capital, Richard Branson, Miami, Silicon Valley

Get to know 12 top fintech bankers

Hello readers,Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week:Get to know 12 top fintech bankersTiger Global's flagship fund is down for the yearMeet the women who helped build PayPalInside the rise of Raine Group's Jeff SineThe latest trader exits from Credit SuisseIf this email was forwarded to you, sign up here to get your daily dose of the stories dominating banking, business, and big deals.Join Insider on June 24 at 1 ...
Tags: Softbank, Americas, Trends, Paypal, Getty Images, Atlantic, Credit Suisse, Hsbc, Goldman Sachs, Accenture, Rupert Murdoch, Morgan Stanley, SoFi, Chamath Palihapitiya, Klarna, Jpmorgan

Top fintech bankers helping startups make deals and IPO

Afton Almaraz/Getty Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:We spoke to 12 top fintech bankers about where their teams sit within the bank and the trends they are most excited about in the space. How Jeff Sine built a career as a banker for corporate titans like Masayoshi Son and Rupert Murdoch. Credit Suisse loses yet another veteran credit trader, but nabs a top credit-trading exec from HSBC. Goldman Sachs and We...
Tags: London, California, Softbank, US, Trends, Bank Of America, Getty Images, Credit Suisse, Hsbc, Deutsche Bank, Goldman Sachs, Rupert Murdoch, Morgan Stanley, Zurich, Citi Ventures, Wells Fargo

SoftBank's PayPay Surges Ahead in Japan's Digital Payments Race

By Sam NusseyTOKYO (Reuters) - For six decades, shoppers at Mikawaya, a rice dealer in eastern Tokyo, paid in cash - until sales staff from...
Tags: Japan, Softbank, Tokyo, Sam, Reuters, Mikawaya

SoftBank, Uber, Tencent set to reap rewards from Didi IPO

After years of speculation, Didi Chuxing, China’s ride-sharing behemoth, finally unveiled its IPO filing for the U.S., giving a glimpse into its money-losing history. Didi didn’t disclose the size of its raise. Reuters reported the company could raise around $10 billion at a valuation of close to $100 billion. Cheng Wei, Didi’s 38-year-old founder owns 7% of the company’s shares and controls 15.4% of its voting power before the IPO, according to the prospectus. Major shareholder SoftBank Vision ...
Tags: Transportation, Uber, Asia, China, Softbank, Funding, Tech, Automation, Transport, Tencent, Brazil, Robotics, Carsharing, Reuters, Robotaxi, Didi

Daily Crunch: With $639M funding found, Klarna is Europe’s highest-valued private fintech

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for June 10, 2021. A short note from TechCrunch to start, namely that it’s the last few hours to get an early-bird pass to TC Early Stage 2021: Marketing & Fundraising, coming in early July. It’s going to be pretty much amazing, so get on that, early-stage founders. — Alex Final 2 days for early-bird savings to TC Early Stage 202...
Tags: Apple, TC, Europe, Balderton Capital, Texas, Microsoft, Indonesia, Softbank, Tech, Google Analytics, Alexis Ohanian, Cupertino, Serena Williams, Alex, Coinbase, Goodwater Capital

Payments Firm Klarna's Valuation Rises to $46 Billion After Fundraising

By Supantha MukherjeeSTOCKHOLM (Reuters) - Swedish payments firm Klarna has raised $639 million from a group of investors led by SoftBank's Vision...
Tags: Softbank, Klarna, Supantha MukherjeeSTOCKHOLM Reuters

Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

Just over three months after its last funding round, European fintech giant Klarna is announcing today that it has raised another $639 million at a staggering post-money valuation of $45.6 billion. Rumors swirled in recent weeks that Klarna had raised more money at a valuation north of $40 billion. But the Swedish buy now, pay later behemoth and upstart bank declined to comment until now. SoftBank’s Vision Fund 2 led the latest round, which also included participation from existing ...
Tags: Europe, New York, France, Softbank, US, Los Angeles, Tech, Amsterdam, New Zealand, Fintech, Klarna, Los Gatos, Sebastian Siemiatkowski, Siemiatkowski, Klara, Vision Fund

AI startup Eightfold valued at $2.1B in SoftBank-led $220M funding

Eightfold AI, a startup which uses deep learning and artificial intelligence to help companies find, recruit and retain workers, said on Thursday it has raised $220 million in a new round as it looks to accelerate its growth. SoftBank Vision Fund 2 led the Series E round of the five-year-old startup, which is now valued at $2.1 billion, up from $1 billion in Series E last October, Eightfold AI founder and chief executive Ashutosh Garg told TechCrunch in an interview. Existing investors General C...
Tags: Softbank, Funding, Tech, SaaS, IVP, Lightspeed Venture Partners, General Catalyst, Foundation Capital, Garg, SoftBank Vision Fund, SoftBank Investment Advisers, Ashutosh Garg, SoftBank Vision Fund 2, Capital One Ventures, Google Garg

BukuWarung, a fintech for Indonesian MSMEs, scores $60M Series A led by Valar and Goodwater

BukuWarung, a fintech focused on Indonesia’s micro, small and medium enterprises (MSMEs), announced today it has raised a $60 million Series A. The oversubscribed round was led by Valar Ventures, marking the firm’s first investment in Indonesia, and Goodwater Capital. The Jakarta-based startup claims this is the largest Series A round ever raised by a startup focused on services for MSMEs. BukuWarung did not disclose its valuation, but sources tell TechCrunch it is estimated to be between $225 m...
Tags: Fundings & Exits, Startups, TC, Apps, Asia, Indonesia, Finance, Southeast Asia, India, Softbank, Tech, E-commerce, Jakarta, Valar Ventures, Indonesia Singapore, Gokul Rajaram

Sinch snaps up MessageMedia for $1.3B to compete with Twilio in business SMS services

  Sinch — the Swedish company that provides a suite of services for companies to build communications and specifically “customer engagement” into their services by way of APIs — has made yet another acquisition in its global march to scale up its business and compete more squarely with Twilio. The company today announced that it has acquired MessageMedia, a provider of SMS and other messaging services for businesses to manage customer relations, user authentication, alerts and more. The acquisit...
Tags: Mobile, Europe, Sweden, Enterprise, Messaging, India, Softbank, Tech, Sms, Mms, New Zealand, M&a, Sap, Twilio, Melbourne Australia, EBITDA

SoftBank-Backed DoorDash Enters Japan

TOKYO (Reuters) -U.S. food delivery firm DoorDash Inc, which is backed by SoftBank Group Corp, announced the launch of services in Japan on...
Tags: Japan, Softbank, Tokyo, Reuters U S, SoftBank Group Corp, DoorDash Inc

Whatfix nabs $90M to help workers onboard and get the most out of their IT stacks

“Digital transformation” has been on the mind of many an organization in the last year: the pandemic and the shift it’s brought to how we work are speeding up investments in new apps, infrastructure and work practices to improve productivity regardless of where we sit all day. Now, it looks like we’re on to the next stage of that journey: actually figuring out how to adopt and run with all that new tech. In a sign of the times, today a startup called Whatfix — which has built a platform that hel...
Tags: Europe, Enterprise, Softbank, Funding, Digital, Tech, Artificial Intelligence, San Jose, Bangalore, Digital Assistants, Cisco Investments, Kumar, Bausch Lomb, Chatbots, SoftBank Investment Advisers, WhatFix

Construction startup Katerra files for bankruptcy

The company blamed its financial position on the effects of the COVID-19 pandemic, difficulty securing funding for new construction and “unsuccessful attempts to secure additional capital and business.”
Tags: Real Estate, Softbank, Startup, Bankruptcy, Radio, Venture Capital, Silicon Valley, Construction, Industry News, Chapter 11, Select, Katerra, Banking & Lending

Paytm, India’s most valuable startup, confirms plan for an IPO

Paytm, India’s most valuable startup, confirmed to its shareholders and employees on Monday that it plans to file for an IPO. In a letter to shareholders and employees, Paytm said that it plans to raise money by issuing fresh equity in the IPO, and also sell existing shareholders’ shares at the event. The startup has offered its employees the option to sell their stakes in the firm. This is the first time the Noida-headquartered firm, which has raised over $3 billion to date, has commented on it...
Tags: Google, TC, Asia, Finance, Ipo, India, Softbank, Tech, Alibaba, Zomato, Flipkart, UPI, TechCrunch, Paytm, Bernstein, Noida

Flipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds - Bloomberg

Flipkart Is in Talks to Raise $3 Billion From SoftBank, Sovereign Wealth Funds - Bloomberg Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar with the matter.The startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte., Canada Pension Plan Investment Board and the Abu Dhabi Investment ...
Tags: Travel, Japan, Singapore, India, Softbank, Walmart, Bloomberg, Flipkart, SoftBank Group Corp, GIC, Rupert Neil Bumfrey, Abu Dhabi Investment Authority, Walmart Inc, Bloomberg Flipkart, GIC Pte Canada Pension Plan Investment Board

China’s drive to compete against Starlink for the future of orbital internet

There has been a wave of businesses over the past several years hoping to offer broadband internet delivered from thousands of satellites in low-earth orbit (LEO), providing coverage of most of the earth’s surface. This isn’t the first time we’ve seen excitement in the category. Companies and people that you have heard of — Bill Gates and Motorola, to name a few — invested billions of dollars into this business model two decades ago in an adventure that ended in many bankruptcies and very few pe...
Tags: TC, Motorola, Asia, Space, Spacex, Elon Musk, Government, China, Softbank, Tech, Earth, United Kingdom, Bill Gates, Satellites, Jeff Bezos, Red Star

Daily Crunch: Facebook extends Trump’s suspension until January 2023

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for June 4, 2021. What a week, yeah? That was four super-packed days. But don’t think that the pace of news is about to slow down. It’s not. Next week is Apple’s big WWDC developer event, which we previewed here. And TechCrunch’s next event focused on mobility is just around the corner. Here’s to catching up on sleep this weekend. ...
Tags: Apple, TC, Facebook, Softbank, Nigeria, Linkedin, Tech, Eu, Reid Hoffman, Brian, Toyota, Donald Trump, Shopify, Zuckerberg, Eric Eldon, Trump

Autonomous vehicle startup Aurora in final talks to merge with Reid Hoffman’s newest SPAC

Autonomous vehicle startup Aurora is close to finalizing a deal to merge with Reinvent Technology Partners Y, the newest special purpose acquisition company launched by LinkedIn co-founder and investor Reid Hoffman, Zynga founder Mark Pincus and managing partner Michael Thompson, according to several sources familiar with the talks. One of the sticking points is the targeted valuation, which had been as high as $20 billion. It is now closer to $12 billion and the deal is expected to be announced...
Tags: TC, Transportation, Uber, Softbank, Linkedin, Tech, Bloomberg, Automotive, Venture Capital, Reid Hoffman, Autonomous Vehicles, New York Stock Exchange, North America, Sequoia Capital, Volvo, Greylock Partners

SoftBank pours up to $150M into GBM, a Mexico City-based investment platform

Grupo Bursátil Mexicano (GBM) is a 35-year-old investment platform in the Mexican stock market. In its first three decades of life, GBM was focused on providing investment services to high net worth individuals and local and global institutions. Over the past decade, the Mexico City-based brokerage has ramped up its digital efforts, and, in the past five years, has evolved its business model to offer services to all Mexicans with the same products and services it offers large estates. Today, GBM...
Tags: Mexico, Softbank, US, Tech, Mexico City, Brazil, Latin America, Blackrock, Co, Montero, Franck, NETFLIX Google, National Banking and Securities Commission CNBV, Grupo Bursátil Mexicano GBM, Pedro de Garay Montero, Juan Franck