Softbank Vision Fund
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, according to a re
Losses at SoftBank’s Vision Funds have consumed nearly all their historical gains
The Vision Fund was always a funded vision; today we learned just how cloudy that perspective is proving.
Rimac begins production of its $2.5 million Nevera hypercar EV
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 EV maker’s advan
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 t
Go1 nabs $100M at a $2B+ valuation to upgrade its curated enterprise learning platform
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 — one of the rising stars in the w
SoftBank co-led $66 million round for blockchain-focused InfStones
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 blo
SoftBank leads $150M round for Firework’s shoppable video
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 startup investments by more than half this year
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 become vocal
3 predictions for GM’s Q1 earnings
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 production could prove to be big hurdles.
UPSIDE Foods bites into $400M round to serve cultivated meat later this year
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 how agents work within them
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 of low-friction tools being built
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 broug
CommerceIQ gets its horn as capital continues to flow into e-commerce infrastructure startups
CEO Guru Hariharan sees the $4.5 trillion retail industry at a massive inflection point.
GM is buying out SoftBank’s stake in autonomous vehicle unit Cruise
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
MetaMask parent company ConsenSys raises Series D at $7B valuation
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 its
RightHand cashes in on the white-hot warehouse robotics space with a $66M raise
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
Spotter raises $200M to invest $1 billion into YouTubers’ back catalogs
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 of the pie chart. A YouTu
Another huge funding round gives Veho room to deliver
This latest round gives the company $300 million in total funding raised in the past two years and a $1.5 billion valuation.