U.S. private equity firm General Atlantic LLC and SoftBank Group Corp invests $107 million in Brazilian facial recognition startup Acesso Digital

In a statement Brazil’s facial biometrics and digital admission startup Acesso Digital said, Japan’s SoftBank Group Corp and U.S. private equity firm General Atlantic LLC are leading a $107.25 million (580 million reais) funding round. Following the investment, both, General Atlantic and SoftBank, will hold a minority stake in Acesso Digital. Founded in 2007, Acesso…

GM’s self-driving car startup unveils EV without steering wheel or pedals

In a statement, Cruise, General Motors’ self-driving car unit said, it has unveiled an electric vehicle without any steering wheel or pedals for use in its planned autonomous ride-sharing service. Cruise did not disclose when the car will go into production. The vehicle, named “Cruise Origin”, was developed with Honda Motor Co Ltd following the…

Vista Equity Partners Management LLC exploring options for its software companies, PeopleAdmin and PowerSchool in a potential deal worth $2 to $3 billion

Vista Equity Partners Management has hired UBS to explore its options. According to sources familiar with the matter at hand, Vista Equity Partners Management LLC, a private equity firm, is exploring options for two software companies it owns, PeopleAdmin and PowerSchool, which include their merger in a deal worth in the range of $2 billion…