Alphabet’s Waymo has announced that it has raised $2.5 billion in first fresh funding in a year. The latest investment round saw participation from Alphabet, Andreessen Horowitz, AutoNation, Canada Pension Plan Investment Board, Fidelity Management & Research Company, Magna International, Mubadala Investment Company, Perry Creek Capital, Silver Lake, funds and accounts advised by T. Rowe…
Billionaire Elon Musk’s SpaceX has raised about $1.16 billion in equity funding over the last two months, the private rocket company said in an amended regulatory filing on Wednesday, Reuters reports. The filing comes after SpaceX, whose investors include Alphabet Inc. and Fidelity Investments, in February disclosed that it raised about $850 million, which had…
Private equity firm Blackstone Group Inc recently announced that Alphabet Inc.’s Chief Financial Officer, Ruth Porat, will join the company’s board of directors. Porat would be the third female member on Blackstone’s board, along with former senator Kelly Ayotte and Rochelle Lazarus, Former Chief Executive Officer of Ogilvy & Mather Worldwide. Porat had joined the…
Uber, an American multinational ride-hailing company is leading a $170 million investment in scooter- and bike-sharing startup Lime, in a move that deepens the ties between the two “sharing economy” platforms, the companies said. Other investors that took part in the funding round are Alphabet, Bain Capital Ventures, GV and other existing and new investors,…
Alphabet and Google CEO Sundar Pichai has donated ₹5Cr to non-profit Give India, thus matching Google’s earlier donation of ₹5Cr to the online NGO donation platform. Thanking Pichai, Give India in a tweet said, “Thank you @sundarpichai for matching @Googleorg’s Rs 5 crore grant to provide desperately needed cash assistance for vulnerable daily wage worker…
Alphabet, the parent company of Google on Friday crossed the $1bn valuation mark. With this Alphabet became the fourth tech company to cross $1trillion milestone. Alphabet joins Apple, Microsoft, and Amazon in the exclusive club. Amazon passed the $1trillion mark in September 2018 but its current value is estimated at $931bn. Apple was the first…
2019 was a very dramatic year for the business ecosystem. A global economic slowdown, reduction in profits and bankruptcy filing by many companies. But there was something else also going on behind the closed doors of corporate headquarters. Last year witnessed resignations of many top executives from big companies and start-ups. While this could be…