Japanese telecom giant SoftBank Group has invested in two U.S. companies, a map software startup and an artificial intelligence startup, the two American companies said on Tuesday.
Mapbox, based in San Francisco, said it has received an investment worth $164 million from a group of investors, including SoftBank Vision Fund, set up jointly with the government of Saudi Arabia among others, and several venture capitals. The investment will be used in three areas: autonomous driving, augmented reality, and virtual reality technologies for games and expansion into China, Southeast Asia and Europe.
Pittsburgh-based Petuum, which specializes in machine learning, said it has received $93 million from SoftBank and others. The startup hopes to spread machine learning technology, currently employed by only a handful of big information technology companies, to other businesses.
Shaun Abrahamson Contributor Shaun Abrahamson is a managing partner at Urban Us Ventures and serves on the Investment Committee at URBAN-X. The design and operation of cities is the province of urban planning. But an explosion of startups in cities means a lot of new products and services for urban areas. The problem is, we […]
No matter your industry, it’s probably not going to hurt to know the project management process before that pivotal day comes when you need it. You can get educated now with the Complete Project Management course mega-bundle, selling now for just $29 from TNW Deals.