Posted on

SoftBank-backed construction giant Katerra said to be shutting down after raising billions

After burning through more than $2 billion in funding, SoftBank-backed construction startup Katerra has told employees that it will be shutting down operations, according to a report in The Information.
Last year, the company claimed it had more than 8,000 employees globally.
Menlo Park-based Katerra had already been struggling to find a viable business in cheaply building properties for real estate developers when it was pushed to the edge of bankruptcy late last year, with the company blaming its latest struggles on climbing labor and material costs associated with the pandemic. The company was given one last chance after receiving a $200 million …

Read More

Posted on

Mortgage is suddenly sexy as SoftBank pumps $500M in Better.com at $6B valuation

Digital mortgage lender Better.com has raised a $500 million round from Japanese investment conglomerate SoftBank that values the company at $6 billion.
The financing is notable for a few reasons. For one, that new $6 billion valuation,  is up 50% from the $4 billion it was valued at last November when it raised $200 million in Series D financing. It’s also up tenfold from its $600 million valuation at the time of its Series C raise in August 2019.
Secondly, it’s further proof that mortgage – a traditionally “unsexy” industry that has long been in need of disruption – is officially hot. For all its controversy, when …

Read More

Posted on

Alles zum neuen Mobilfunk-Standard – Wofür sich der Umstieg auf 5G tatsächlich lohnt

Spätestens seitdem das iPhone 5G unterstützt, ist der Mobilfunkstandard der fünften Generation in aller Munde. BILD beantwortet die wichtigsten Fragen – darunter auch, ob und wann sich der Umstieg lohnt.Was bringt 5G?Die Netze sollen durch den Standard schneller und leistungsfähiger werden. So versprechen die Mobilfunker etwa die 10fache Geschwindigkeit und mindestens eine Halbierung der Antwort-Zeiten, die vergehen, bevor Daten auf dem Handy ankommen. In der Praxis ist allerdings aktuell kaum ein Unterschied zwischen 4G- und 5G-Netz spürbar. Nur eine Anwendung profitiert merklich: Wer hochauflösende Videos übers Handy-Netz streamt, kann mit 5G praktisch verzögerungsfrei durch …

Read More