Klook, Dianrong, ShopX, Ample, and CafeX, softbank, Samumed, Zopa, Teamleader, VICIS, and Allbright
When SoftBank does something, it goes big. That applies to IPOs too. A new report says SoftBank Group is considering a public offering of its Japanese wireless business that could raise $30 billion, a record-setting sum. In other SoftBank news, the firm’s Vision Fund is reportedly leading a $3 billion to $5 billion investment in China-based food delivery giant Ele.me.
Klook, a Hong Kong-based startup developing a travel activities platform, has raised $200 million to fund a major expansion into the U.S. and Europe. The round reportedly values the company at more than $1 billion.
San Francisco-based CafeX Technologies, a coffee startup that deploys robots to do the expresso-making and milk-frothing work long relegated to humans, is looking to slurp down up to $12 million in fresh funding.
Funding in the AI sector has climbed steadily—and impressively—over the past decade. And so far, 2018 is shaping up as another banner year. Crunchbase News takes a look at a few key artificial intelligence startups securing funding and followers.
Tech is taking note of seniors, a group of potential users often dismissed by the industry. The rapidly-growing population of aging tech users has helped launch a wave of software startups catering to their needs.
Samumed, a San Diego-based biotech startup developing a range of therapies based on tissue regeneration, has raised $438 million in fresh funding at a valuation of $12 billion. The latest financing brings total capital raised to more than $650 million.
Shares of Arlo Technologies, a maker of video monitoring systems for home security, rose 38 percent in first-day trading Friday to close over $20 each. Just before that, the Silicon Valley priced shares for its IPO at $16 apiece, under its expected range of $18 to $20.
Paris-based BlaBlaCar, a carpooling platform that has raised over $300 million in funding to date, agreed to buy Russia’s BeepCar, another carpool app, from Mail.ru.
Surterra Wellness, an Atlanta-based medical cannabis startup, has raised $65 million in a Series C round. William Wrigley Jr. II, former CEO of the Wrigley gum and confections company, led the round and will become Surterra’s board chairman.