Arm, the U.K.-based chipmaker owned by Japan’s SoftBank since 2016, has filed for a Nasdaq listing under the ticker symbol “ARM,” five months after announcing it had filed confidential, preliminary […]
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Back to news homeSoftBank sues IRL over ‘elaborate scheme’ that swallowed $150M
SoftBank once invested in social app IRL at a $1.1 billion valuation. Now, the Japanese investment firm is suing the defunct company for fraud, alleging $150 million in damages. IRL […]
SoftBank and Symbotic team to offer automated warehouses as a service
When it comes to retail, it’s Amazon versus the world. That’s been true for a long time and will continue to be so for the foreseeable future. Plenty of factors […]
This week in robotics: Chinese startups net a series of fundraising successes
Before we dive into this week’s biggest news within the robotics space, there’s an announcement of our own to highlight. We’ll be hosting a number of robotics industry experts at […]
Rice Robotics picks up $7M, powers SoftBank’s office delivery
In the crowded enterprise robotics space, the ability to secure key clients is a crucial differentiator for companies. In the case of Hong Kong-based Rice Robotics, the important order has […]
India’s Meesho cuts 251 jobs
Meesho has cut 15% of its workforce, or 251 roles, as the Indian social commerce startup pares its expenses to improve its financial health and confront the “economic reality.” This […]
The ice-breaking IPO we’ve waited for might not come from the US after all
I would give a LEG to see ARM break the IPO logjam Alex Wilhelm 7 hours British semiconductor giant ARM is heading back to the public markets after more than […]
Autonomous delivery startup Nuro lays off 20% of workforce
Nuro, the autonomous vehicle delivery startup backed by Softbank, Google and Tiger Global Management, is laying off about 300 people, or 20% of its workforce in an effort to preserve […]
SoftBank Vision Fund is reportedly laying off 30% of its workforce, or at least 150 employees
The Vision Fund, a venture capital arm of SoftBank, has launched a sweeping layoff process, cutting at least 30% of its workforce globally, or approximately 150 of the 500 employees, […]
Have you marked down your portfolio yet? You are running out of time to hide
To mark down your portfolio or not mark down your portfolio? That is a question many venture capitalists are grappling with right now. But first, what does that mean? VCs […]