Toyota is making a $500 million investment in Uber as part of a broader partnership to bring an on-demand autonomous ride-hailing service to market. The deal involves plans to equip Toyota Sienna minivans with Uber’s self-driving technology.
The once white-hot market for initial coin offerings (ICOs) is cooling down. The number of companies raising $25 million or more through ICOs peaked a couple of quarters ago. Falling cryptocurrency values, along with high failure rates for companies that raised ICOs, appear to be fueling the decline.
Puls, an on-demand service for mobile repairs, TV mounting, and smart home set up, has closed a $50 million Series C funding round led by Temasek. The round brings total funding for the three-year-old, San Francisco-based company to $93 million.
Tel Aviv-based Spotinst, a workload management platform for cloud computing, has raised $35 million in a venture round led by Highland Capital Partners.