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.
Using Snapchat's latest developer platform known as Snap Kit, Tinder has begun testing the Bitmoji feature in Mexico and Canada. By connecting their Snapchat and Tinder accounts, users are able to send Bitmojis through the dating app.
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High Alpha, a self-described “venture studio” based in Indianapolis, announced today that it has raised more than $100 million to fund new enterprise software startups in Indianapolis and the Midwest. The $100 million includes $16.65 million for High Alpha’s second iteration of its startup studio, and $85 million for the second fund of its traditional […]