Qraft Technologies, Inc. (Qraft), an Artificial Intelligence (AI)-based fintech company, announced that it has closed an investment of $146 million from SoftBank Group Corp, which includes primary development capital and secondary capital that will be used to finance the purchase of shares by investors. The proposed transaction is expected to accelerate Qraft’s current expansions in the…
Humane, Inc. has announced that it has raised $100 million in its Series B round. The round was led by Tiger Global Management, with participation from SoftBank Group, BOND, Forerunner Ventures, Qualcomm Ventures LLC, and others. “Humane is a place where people can truly innovate through a genuine collaboration of design and engineering,” said Humane…
Ethos, the insurtech platform, has raised an additional $100 million in capital. The new investment from SoftBank Vision Fund 2 brings Ethos’ valuation to $2.7 billion and total funds raised to $400 million. SoftBank joins an all-star cast of investors including Sequoia Capital; Accel; GV (formerly Google Ventures); General Catalyst; Jay-Z’s Roc Nation; and the…
SoftBank Group Corp. has announced that Mark Kornblau will join SBG as Global Head of Communications, effective August 16. Mr. Kornblau joins SBG from the NBCUniversal News Group, where he is currently Executive Vice President of Communications. Mr. Kornblau will be based in SoftBank’s New York office and will report to Masayoshi Son, Representative Director,…
Adani Green Energy is in advanced talks to acquire privately-held SB Energy Holdings, according to Bloomberg report. A deal could value SB Energy, owned by SoftBank Group and Bharti Enterprises, at more than $650 million, said one of the people, who asked not to be identified as the information is private. Adani Green is exploring…
Hyundai Motor Group will acquire a controlling interest in Boston Dynamics from SoftBank Group, in a deal that values the mobile robot firm at $1.1 billion. The deal came as the automotive manufacturer aims to combine robotics technologies with its mobility. Financial terms were not disclosed. Boston Dynamics produces mobile robots. The company launched sales of…
Hyundai Motor Group announced it will acquire a controlling interest in Boston Dynamics in a deal that values the mobile robot firm at $1.1 billion. The deal came as Hyundai Motor Group envisions the transformation of human life by combining world-leading robotics technologies with its mobility expertise. Financial terms were not disclosed. Under the agreement,…