Posts filtered by tags: SoftBank Vision Fund[x]


 

Daily Crunch: SoftBank bets big on autonomous delivery

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here: 1. SoftBank’s next bet: $940M into autonomous delivery startup Nuro Nuro has raised $940 million in financing from the SoftBank Vision Fund, a whopping amount that will be used to expand its delivery service, add new partners, hire employees and scale up its fleet of self-driving bots. The autonomous ...
Tags: Apple, Amazon, Spotify, Saudi Arabia, Softbank, Tech, Getty Images, Netflix, Automotive, Va, Health Records, Jeff Bezos, Sunday Times, Equity, Instacart, Mobile World Congress


Softbank’s next bet: $940M into autonomous delivery startup Nuro

Nuro, the autonomous delivery startup, has raised $940 million in financing from the Softbank Vision Fund, a whopping amount that will be used to expand its delivery service, add new partners, hire employees and scale up its fleet of self-driving bots. Nuro has raised more than $1 billion from partners including SoftBank, Greylock Partners and Gaorong Capital. “We’ve spent the last two and a half years building an amazing team, launching our first unmanned service, working with incredible ...
Tags: Transportation, Softbank, Tech, Automotive, Arizona, Toyota, Self-driving Cars, Robotics, Greylock Partners, Kroger, Phoenix, Starship Technologies, Ike, Dave Ferguson, SoftBank Vision Fund, SoftBank Investment Advisers


Speculation about an IPO of GM's Cruise self-driving division is premature (GM)

GM revealed a substantial, equity-centric compensation package for Dan Ammann, former president and now CEO of Cruise, GM's self-driving division. Cruise's valuation has increased from roughly $1 billion in 2016 to $14.6 billion in 2019, following investments from SoftBank and Honda. Ammann's package set off a round of premature speculation about a Cruise IPO. It wasn't really news, but it was some hard numbers. This week, General Motors filed its annual 10-K report with the Securities and Ex...
Tags: Japan, Softbank, US, San Francisco, Trends, General Motors, Cruise, Gm, Silicon Valley, Chevy, Honda, Securities And Exchange Commission, Business Insider, GAAP, Dan Ammann, Compensation Committee


Where seed and early-stage funding is growing, contracting or holding steady

Joanna Glasner Contributor More posts by this contributor Hire faster, work happier: Startups target employment with AI and engagement tools Robot couriers scoop up early-stage cash In startup circles, it’s trendy to talk about how entrepreneurs are leaving high-tax, high cost-of-living metros for cheaper locales. While Silicon Valley remains ground central for hobnobbing with investors, the common wisdom goes, early-stage funding stretche...
Tags: TC, Column, Utah, Texas, California, Boston, Massachusetts, Tech, Pennsylvania, Venture Capital, San Diego, Silicon Valley, Philadelphia, Salt Lake City, Seattle, Pittsburgh


Globality amasses $100 mln

Globality, an AI-powered smart sourcing platform, has secured $100 million in funding. The investor was SoftBank Vision Fund. In conjunction with the funding, Jeffrey Housenbold and Ted Fike of SoftBank Investment Advisers will join the company’s board. Source: Press Release
Tags: Trends, VC Deals, Jeffrey Housenbold, SoftBank Vision Fund, SoftBank Investment Advisers, Ted Fike


WeWork rebranding won’t work

The company formerly known as WeWork has rebranded as the We Company — although a better name for its network of on-demand office spaces for the newly incorporated and nominally employed; co-living spaces for the same Easyjet-set; and educational and coding services could be “House of Cards”. News of the rebranding (first reported via Fast Company) comes on the heels of reports that the company would no longer be receiving a planned $16 billion golden parachute to escape a soon-to-be-sinking rea...
Tags: TC, Real Estate, Softbank, Tech, Bloomberg, Bank, WeWork, Easyjet, Fast Company, Neumann, Adam Neumann, Masayoshi Son, SoftBank Group, SoftBank Vision Fund, Real Estate Investment, Vision Fund


Top 10 Bioeconomy Markets and Predictions for 2019

A mere “The Year in Rewind” as we sail into 2019? Not the good ship Digest! Instead, we dust off our crystal ball and offer our predictions for the year ahead. As the sunset of 2018 gives way to the dawn of 2019, once again roll the dice as we list the Digest’s 10 Top Advanced Bioeconomy Markets & Predictions for 2019. 10. Algae apps After a couple of years back on the bench, algae has surged forward again with a new series of apps for transport and chemicals, ready for what has become a wavel...
Tags: Google, Japan, Australia, California, Oregon, Singapore, India, US, Canada, United States, Top Stories, Tennessee, Ohio, Goldman Sachs, Epa, Cargill


Industry moves roundup: Softbank, Universal Music, LinkedIn and more

Industry moves for December 2018 Former MD of Facebook India Kirthiga Reddy has joined SoftBank Investment Advisers, which oversees the Softbank Vision Fund, as its first venture partner. Reddy will be based out of Softbank’s US office and will work with senior managing partner Deep Nishar. They... ...
Tags: Travel, News, Internet, Softbank, US, Linkedin, Delhivery, Reddy, Universal Music, Industry Moves, Facebook India, Kirthiga Reddy, SoftBank Vision Fund, SoftBank Investment Advisers, SportsFlashes, Softbank Universal Music LinkedIn


Netflix pulled an episode of ‘Patriot Act with Hasan Minhaj’ in Saudi Arabia after the kingdom complained

Netflix pulled an episode of “Patriot Act with Hasan Minhaj” from its streaming service in Saudi Arabia after receiving a complaint from the kingdom. The removal was first reported by the Financial Times. The episode, titled “Saudi Arabia,” centers around the killing of journalist Jamal Khashoggi and criticizes Saudi Arabia, Crown Prince Mohammed bin Salman and Saudi Arabia’s war in Yemen. The Crown Prince has been implicated by the Central Intelligence Agency and Turkish officials in the planni...
Tags: TC, Media, Entertainment, Washington Post, Saudi Arabia, Censorship, Tech, Netflix, Streaming, Prince, Yemen, Central Intelligence Agency, Financial Times, Mohammed bin Salman, Freedom House, Hasan Minhaj


The 10 largest US venture rounds of 2018

Three U.S. companies raised more than $1 billion in just one funding round in 2018, a year in which total deal value for U.S. startups is expected to surpass $100 billion for the first time. For the most part, it was the usual suspects, and yes, SoftBank was an accessory in many of these rounds. Here’s a look at the 10 largest venture rounds of 2018. Epic Games: $1.25 billion The video game Fortnite Battle Royale was the star of the year 2018; more than 200 million players worldwide are regis...
Tags: Amazon, Startups, Lyft, Uber, New York, India, Softbank, Funding, US, San Francisco, Tech, Netflix, Canada, Atlantic, Middle East, Venture Capital


Uber partner Fair gets $385M led by Softbank to grow its flexible car ownership model globally

California startup Fair.com is aiming to turn the car market on its head by providing price-friendly, easy options for people to lease vehicles instead of buying them, and today it’s taking the latest, big step in that ambition. Fair has raised a huge Series B funding round of $385 million led by Softbank, with participation from Exponential Ventures, Munich Re Venture’s ERGO Fund, G Squared, and CreditEase,  to take its business global. Requiring just a drivers license and a credit card (or...
Tags: TC, Transportation, Uber, California, China, Germany, Collaborative Consumption, India, Softbank, Funding, Cars, US, Tech, Automotive, Venture Capital, Getaround


Fair.com gets $385M led by Softbank to grow its flexible car ownership model globally

California startup Fair.com is aiming to turn the car market on its head by providing price-friendly, easy options for people to lease vehicles instead of buying them, and today it’s taking the latest, big step in that ambition. It has raised a huge Series B funding round of $385 million led by Softbank, with participation from Exponential Ventures, Munich Re Venture’s ERGO Fund, G Squared, and CreditEase,  to take its business global. Requiring just a drivers license and a credit card (or bank...
Tags: TC, Uber, California, China, Germany, Softbank, US, Tech, Fair, Jett, Didi, Scott Painter, Panter, SoftBank Vision Fund, Lydia Jett, Exponential Ventures Munich Re Venture


Relay Raises $400M to Kick Protein Motion Drug R&D into High Gear

The line dividing biotechnology and high tech is blurring as drug companies find new ways to apply computer advances in the hunt for new drugs. Relay Therapeutics uses these techniques to better understand a protein’s role in disease and develop a drug to address it. Cancer is Relay’s first target.The Cambridge, MA, biotech is moving forward with its plans to advance its lead cancer programs into clinical trials with an additional $400 million it raised in a Series C round of funding led by the...
Tags: Deals, Drugs, Boston, Cancer, Trends, Tech, Investing, It, Software, Venture Capital, Cambridge, Machine Learning, Biotech, Life Sciences, Clinical Trials, Alexandria Venture Investments


Relay Therapeutics raises $400 mln

Relay Therapeutics said Dec. 20 that it raised $400 million in Series C financing led by the SoftBank Vision Fund. New investors included Foresite Capital, Perceptive Advisors and Tavistock Group. Existing investors GV, Casdin Capital, BVF Partners, EcoR1 Capital, Alexandria Venture Investments, and an affiliate of D.E. Shaw Research also participated. Relay Therapeutics, of Cambridge, Massachusetts, is a biotech. PRESS RELEASE Relay Therapeutics Secures $400 Million in Series C Financing Procee...
Tags: Softbank, Trends, Cambridge Massachusetts, Cambridge Mass, Third Rock Ventures, SoftBank Vision Fund, Alexis Borisy, SoftBank Investment Advisers, Sanjiv Patel, Cambridge Massachusetts Relay Therapeutics, SoftBank Vision Fund New, D E Shaw Research, D E Shaw Research Prior


With today’s IPO sinking, a year of highs and lows for SoftBank

If there was a word that dominated startup and tech news coverage this year, it was SoftBank. The Japanese telecom conglomerate’s Vision Fund pushed out a prodigious amount of capital this year — quite literally billions of dollars — into companies as diverse as a molecular manufacturer (Zymergen) and a robotic pizza delivery business (Zume Pizza). It was a year of highs as its Flipkart transaction produced billions in returns, as well as a year of incredible lows, what with the crisis over Saud...
Tags: Apple, Amazon, TC, Uber, Asia, Japan, London, Hardware, Saudi Arabia, Finance, Government, Kingdom, Softbank, Tech, Walmart, Bloomberg


SoftBank Vision Fund Pours $500M Into Cambridge Mobile Telematics

Last month, Xconomy asked tech CEOs what $100 million in venture capital can buy. How about $500 million?Cambridge Mobile Telematics said Wednesday morning it has pulled in half a billion dollars in an investment from—you guessed it—the SoftBank Vision Fund. That’s Japan-based SoftBank Group’s reportedly $100 billion fund that has made waves in the venture capital world by cutting massive checks to companies across a variety of sectors.Now, the fund has thrown its weight behind Cambridge Mobile...
Tags: Mobile, Apps, Internet Of Things, Japan, Boston, Connected Devices, Trends, Insurance, Tech, Mit, Vc, Software, Driving, Mobility, Iot, Fintech


A Silicon Valley startup with 26 patents under its belt just raised $400 million from SoftBank and Goldman Sachs to make materials from living things

On Thursday, the Silicon Valley-based synthetic-biology company Zymergen announced a mammoth funding round of $400 million. It's the third largest biotech deal of 2018. With financing from SoftBank Vision Fund and Goldman Sachs, the fresh infusion of cash brings the startup to the forefront of a hot and growing industry based on manufacturing goods with biology. Zymergen doesn't yet have any consumer-facing products, but CEO Joshua Hoffman told Business Insider they're working on their first: ...
Tags: Boston, Softbank, Trends, San Diego, Silicon Valley, Goldman Sachs, Genomatica, Zymergen, Dfj, Ginkgo Bioworks, Business Insider, Bay Area, Bayer, Don, Hoffman, SoftBank Vision Fund


Zymergen locks in $400 mln Series C

Emeryville, California-based Zymergen, a molecular manufacturing technology company, has raised over $400 million in Series C funding. SoftBank Vision Fund led the round with participation from Goldman Sachs, Hanwha Asset Management, DCVC, True Ventures, Two Sigma Ventures, DFJ and Innovation Endeavors. Source: Press Release
Tags: Trends, Zymergen, VC Deals, Emeryville California, SoftBank Vision Fund


A Silicon Valley startup with 20 patents under its belt just raised $400 million from SoftBank and Goldman Sachs to make materials from living things

On Thursday, Silicon Valley-based synthetic biology company Zymergen announced a mammoth funding round of $400 million. It's one of the largest biotech raises in history. With financing from SoftBank Vision Fund and Goldman Sachs, the fresh infusion of cash brings the startup to the forefront of a hot and growing industry based on manufacturing goods with biology. Zymergen doesn't yet have any consumer-facing products, but CEO Joshua Hoffman told Business Insider they're working on their first...
Tags: Boston, Softbank, Trends, San Diego, Silicon Valley, Goldman Sachs, Genomatica, Zymergen, Dfj, Ginkgo Bioworks, Business Insider, Bay Area, Bayer, Don, Hoffman, SoftBank Vision Fund


Zymergen, the Porsche 911 of the Materials Superhighway, raises $400M in monumental Series C round

We call it the materials superhighway to suggest an awesome speed of innovation, a connection back to the genetics revolution and the information superhighway, and a focus on the new materials, chemicals, substances, and energies of the advanced bioeconomy. That superhighway may have just found its Porsche 911 — fast as lightning, stunning design and a public reception because of what it can do and is doing that, if it reaches its potential, will have us talking about this one is hushed tones fo...
Tags: Hillary Clinton, Top Stories, Alan Turing, Bletchley Park, Silicon Valley, Goldman Sachs, Obvious Ventures, Novozymes, Genomatica, Zymergen, Arzeda, Valley, Moore, The Digest, Mark Emalfarb, Josh Hoffman


Zymergen lands $400 million more for its genetically altered microbes, led by SoftBank Vision Fund

Zymergen, a five-year-old company that manufacturers molecules for a wide array of uses and industries, has closed on $400 million in Series C funding led by one of its earlier investors, the SoftBank Vision Fund. Even in a world where triple-digit million-dollar rounds have become de rigueur, the amount stands out, as does the company, which occupies a 301,000-square-foot campus in Emeryville, Ca. and has been growing like gangbusters. How? By engineering yeast and bacterial strains for outfits...
Tags: Apple, TC, Tech, Atlantic, Bill Gates, Venture Capital, Goldman Sachs, Biotech, True Ventures, Fortune, Zymergen, Hoffman, Rohit Sharma, Sharma, Emeryville CA, SoftBank Vision Fund


Bowery, an indoor farming startup, raises $90 million more, including to counter a SoftBank-funded rival

When in July of last year, Softbank’s Vision Fund led a whopping in the Silicon Valley startup Plenty, investors behind a competing indoor farming startup across the country, New York-based Bowery, were left reeling. Just one month earlier, they’d closed on a round that brought Bowery’s total funding to $31 million. As one of Bowery’s backers told us in the immediate aftermath of Plenty’s enormous round, SoftBank’s involvement “definitely gives you pause.” Its involvement has not, however, pro...
Tags: Food, Startups, TC, New York, Boston, Softbank, Funding, New Jersey, Silicon Valley, General Catalyst, Temasek, Bowery, GV, Plenty, SoftBank Vision Fund, Recent Funding


Indonesian tech company PT Tokopedia picks up $1.1 bln

PT Tokopedia, an Indonesian technology company, has secured $1.1 billion in its latest financing. SoftBank Vision Fund and Alibaba Group led the round with participation from other investors that included Softbank Ventures Korea. Source: Press Release
Tags: Trends, Alibaba Group, Softbank Ventures Korea, VC Deals, SoftBank Vision Fund, PT Tokopedia


DCM promotes two to partner

DCM, an early-stage venture firm, has promoted Kyle Lui and Ray Zhao to partner. Lui is based in the U.S. and Zhao is in China. Prior to joining DCM, Lui was co-founder and CEO of ChoicePass, which was acquired by SalesForce. And, Zhao worked at Tencent Investment. PRESS RELEASE SAN FRANCISCO–(BUSINESS WIRE)–Today DCM, an early stage global venture capital firm, announced it promoted Kyle Lui in the U.S. and Ray Zhao in China, to Partner. With these new additions, DCM now has seven partners acro...
Tags: Asia, Japan, China, San Francisco, Trends, People, United States, Tencent, Tokyo, Silicon Valley, DCM, Eaze, Ray, Kyle, Dixon, Lui


Carolina Brochado leaves Atomico to join Softbank’s Vision Fund

In the latest instalment of VC revolving doors, Carolina Brochado, a Partner at European venture capital firm Atomico, is joining Softbank’s Vision Fund. According to sources, Brochado informed Atomico portfolio companies earlier this week that she was joining Softbank where she’ll be based at the mega-fund‘s London office. Noteworthy, Brochado came to prominence in the European startup ecosystem when she was made a Partner at Atomico in 2016 but had actually been with associated with the firm f...
Tags: TC, Europe, London, Softbank, Tech, Columbia, Atomico, Partner, Carolina, SoftBank Vision Fund, Vision Fund, Carolina Brochado, Fat Lama, Brochado, London e commerce startup ThePresent Co Prior, Atomico Brochado


Payment service Toss becomes Korea’s newest unicorn after raising $80M

South Korea has got its third unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an $80 million round at a valuation of $1.2 billion. This new round is led by U.S. firms Kleiner Perkins and Ribbit Capital, both of which cut their first checks for Korea with this deal. Others participating include existing investors Altos Ventures, Bessemer Venture Partners, Goodwater Capital, KTB Network, Novel, PayPal and Qualcomm Ventures. The de...
Tags: Amazon, Fundings & Exits, Apps, Asia, South Korea, Europe, Money, Finance, Southeast Asia, Softbank, Funding, Samsung, America, Tech, E-commerce, Economy


SoftBank’s Vision Fund inches closer to $100B

Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor The top 10 cities for $100M VC rounds in 2018 so far The SaaS VC gap: China & other markets trail the US Much has been said about the SoftBank Vision Fund (SBVF), mostly in awe of the size of the investment vehicle. It’s important to remember that the $100 billion number most often associated with ...
Tags: TC, Column, Washington Post, Saudi Arabia, White House, China, Softbank, US, Tech, Vodafone, Venture Capital, Central Intelligence Agency, Wall Street Journal, Securities And Exchange Commission, Mohammed bin Salman, Salman


Rideshare advertising startup Firefly launches with $21.5M in funding

Firefly, a startup that allows rideshare drivers to make money through digital advertising, is officially launching today. It’s also announced that it has raised $21.5 million in seed funding. The idea of sticking advertising on a cab isn’t new, but Firefly offers drivers what it calls a “digital smart screen,” allowing advertisers to run targeted, geofenced campaigns. The company has apparently run more than 50 ad campaigns already, during a beta testing period in San Francisco and Los Angel...
Tags: Startups, New York, Advertising Tech, Funding, Los Angeles, San Francisco, Tech, Tencent, Firefly, Uber Lyft, Limousine Commission, Jeffrey Housenbold, SoftBank Vision Fund, Coalition for Clean Air, Kaan Gunay, Gunay


The trust dilemma of continuous background checks

First, background checks at startups, then Huawei’s finance chief is arrested, SoftBank’s IPO is subscribed, and I am about to record our next edition of TechCrunch Equity. It’s Thursday, December 6, 2018. TechCrunch is experimenting with new content forms. This is a rough draft of something new – provide your feedback directly to the author (Danny at [email protected]) if you like or hate something here. The dilemma of continuous background checks My colleague John Biggs covered the Ser...
Tags: Startups, Asia, Privacy, Government, China, Ipo, Softbank, Israel, America, San Francisco, Tech, Bloomberg, Iran, Artificial Intelligence, Policy, Canada


Foxconn or Foxgone? Tariffs, Wisconsin, and iPhone fires

First some notes on SoftBank’s rumored expansion into China and its weird fund math, then Foxconn, and then quick notes on tech depression, Huawei, and more. TechCrunch is experimenting with new content forms. This is a rough draft of something new – provide your feedback directly to the author (Danny at [email protected]) if you like or hate something here. SoftBank has fund visions (and a Vision Fund) for China? That, and more money Kane Wu at Reuters reported over night that SoftBa...
Tags: Apple, Amazon, Startups, Asia, Australia, Saudi Arabia, Government, China, India, Softbank, US, Tech, Bloomberg, Policy, Britain, Shanghai