Having grossed $2.1 billion in 2017, HMD Global is aiming to double its sales channels in key markets in 2018. On Monday, HMD Global, the Finnish company licensed to sell Nokia-branded phones, stated it had raised $100 million in a new funding round aimed at boosting its growth. In 2017, its first year of operations,…
Think of Manbang as China’s Uber for trucks. On Tuesday, China’s truck hailing service platform Manbang stated, investors, including Alphabet Inc’s venture capital fund CapitalG and Japan’s Softbank Group have funneled in $1.9 billion in its new funding round. Formally known as the Full Truck Alliance Group, Manbang stated the funding round was led SoftBank’s…
Softbank Group has spread its investment across major players in India’s burgeoning e-commerce market, including in home-grown Flipkart, Snapdeal and Paytm E-Commerce. As per a regulatory filing, as part of a funding round that values India’s Paytm E-Commerce Pvt. Ltd at $1.9 billion, Japan’s SoftBank Group will invest $400 million with exsiting investor Alibaba also…
Competing with Alphabet’s Google, Microsoft Corp, Box Inc and Amazon.com Inc, in the cloud storage space, Dropbox Inc reported its 2017 revenue at $1.11 billion. Dropbox Inc has filed for an initial public offering (IPO) of 36 million shares thus valuing the firm at more than $7 billion. Its filing information shows that it expects…
Its robots help shorten delivering time of groceries by retailers. CommonSense Robotics, an Israeli startup, whose technology enables retailers to provide fast affordable delivery services, stated it has raised $20 million in an early-stage investment round, bringing its total funding to $26 million. The latest funding round was led by Playground Global and included previous…
Ant’s pre-IPO fundraiser, dependent on investor feedback, is aimed at gaining size as it looks to expand in its home base as well as abroad. As per sources familiar with the move, Ant Financial Services Group, a Chinese online payment firm, is planning on raising up to $5 billion in fresh equity. The move could…
Dublin’s tech-enabled talent pool, tax incentives, and international outlook are a major draw for global firms. On Monday, Stripe, a U.S. payments firm, disclosed it would place its first engineering center in Dublin. The placement marks its first center outside its home market and underscores its strategy of wanting to tap Ireland’s growing tech-enabled workforce.…
XtalPi uses quantum physics, AI and cloud computing to improve drug design processes. China’s Tencent Holdings Ltd along with Sequoia Capital China and Alphabet Inc’s Google have joined a $15 million series B funding round for XtalPi Inc, a Boston and Shenzhen-based artificial intelligence (AI) pharmaceutical firm. A statement by Google and XtalPi confirmed that…
The new funding round, led by Alphabet’s CapitalG, saw its valuation boost by $500 million to $11.5 billion. As per U.S. share authorization documents filed in Delware, Lyft Inc is raising an additional $500 million in funding led by Alphabet Inc’s CapitalG. The new funding round is an extension of the $1 billion round that…
Companies across the global are pushing the advance of AI-based deep learning for facial recognition technology. The multi-billion dollar industry is seeing rapid adoption by China as it tries to enforce a rigid framework on its citizens much like its firewall which limits its citizens’ usage of the internet. On Wednesday, the SenseTime Group, a…
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