Megvii, the Chinese artificial intelligence (AI) company that goes by the name Face++, announced on Wednesday (May 8) that it has raised $750 million in funding. According to a report in Reuters, Megvii now has a valuation of a little more than $4 billion. Citing...
Gett, an Israel-based ride-hailing startup that focuses on high-end B2B clients, has raised $200 million, which places its value at $1.5 billion, according to a report by TechCrunch. Founder and CEO Dave Waiser said this is probably the company’s last funding round, as it plans...
A Seattle-based startup that manages an on-demand warehouse marketplace has raised $43 million in a Series B funding round, according to reports. Flexe has found a niche that will help its efforts to wrest marketplace control away from Amazon and provide customers with an alternative...
Chinese coffee company Luckin, a fast-growing startup that aims to replace Starbucks as China’s largest coffee giant, is looking to raise $586.5 million ahead of its IPO, according to a report from Reuters. The company said it will offer 34.5 million American depository shares (ADS)...
Japanese capital group SoftBank has invested $20 million in Clip, a Mexican FinTech startup that offers a mobile credit card reader for smartphones. Businesses all across Mexico have adapted the technology as a simple and low-cost way to accept payment, according to Reuters. The investment...
Apple’s CEO Tim Cook has continued to make the argument that the Cupertino, California iPhone maker is a consumer company, not a tech one, pointing to Warren Buffett’s investment as evidence. In an interview with CNBC, Cook said famed investor Buffett understands that Apple is...
Bigbasket, the Indian online grocery store operator, raised $150 million in a fresh round of venture funding, valuing the company at more than $1 billion. Chinese eCommerce giant Alibaba and South Korean investment firm Mirae-Naver led the round of funding, according to a report by...
It’s usually folly to predict what will interest historians in the future. But there’s a good case that when it comes to chronicles of the early 21st digital economy — and these years right now, these vital and exciting bridge years between the 2000s and...
In an age where companies of seemingly every stripe are coming public, SoftBank Group is reportedly mulling an initial public offering (IPO) of its $100 billion Vision Fund. In addition to that possible listing, according to The Wall Street Journal, SoftBank is also considering a...
