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AI chip maker SambaNova raises $676 million, valued at over $5 billion

AI chip maker SambaNova raises $676 million, valued at over $5 billion
metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.

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AI chip maker SambaNova raises $676 million, valued at over $5 billion

AI chip maker SambaNova raises $676 million, valued at over $5 billion
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Tiger Global, SoftBank invest in cloud firm Redis Labs at $2b valuation

Tiger Global, SoftBank invest in cloud firm Redis Labs at $2b valuation FILE PHOTO: Japan s SoftBank Group Corp Chief Executive Masayoshi Son bows his head after his presentation at a news conference in Tokyo, Japan, Nov. 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo April 8, 2021 SoftBank Group Corp’s Vision Fund 2 and private equity firm Tiger Global Management have invested in Redis Labs, a real-time cloud analytics platform provider, in a late-stage funding round valuing the firm at over $2 billion. Existing investor TCV also participated in the round which raised $110 million, bringing the net amount so far to $347 million, the company said on Wednesday.

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Technology firm Trax raised $640 million in funding led by SoftBank VF2, BlackRock

By Reuters Staff 1 Min Read (Reuters) - Image recognition technology firm Trax said on Wednesday it had raised $640 million in new capital in a funding round led by SoftBank Group Corp’s Vision Fund 2 and BlackRock Inc Reporting by Niket Nishant in Bengaluru; Editing by Maju Samuel

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UPDATE 1-SoftBank s Vision Fund 2, BlackRock lead $640 mln funding in tech firm Trax

UPDATE 1-SoftBank s Vision Fund 2, BlackRock lead $640 mln funding in tech firm Trax Reuters 3 hrs ago April 7 (Reuters) - Image recognition technology provider Trax said on Wednesday it had raised $640 million in new capital in a funding round led by SoftBank Group Corp s Vision Fund 2 and BlackRock Inc. The funding round, the biggest in Trax s history, also drew new investors such as Canadian pension fund Ontario Municipal Employees Retirement System and venture capital firm Sony Innovation Fund. The statement did not provide details on the valuation at which the new funds were raised. Trax s technology helps track products in stores and provides shelf management and analytics. Customers include Coca-Cola, Nestle, Unilever and Heineken, the company s website showed.

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