Tech

Mubadala-backed AI firm G42 sets up $10 bn tech fund

Artificial intelligence firm G42, chaired by the Gulf state’s national security advisor, has launched a $10 billion fund to invest in late-stage technology companies. G42,...

Dianxiaomi raises $110 mn in VC funding round led by SoftBank, Sequoia

Chinese e-commerce software provider Dianxiaomi has raised $110 million in its latest VC funding round led by Sequoia China and SoftBank Group Corp’s Vision Fund...

Online education company upGrad raises $210 mn in VC funding

upGrad, an online education company, has raised $210 million in a VC funding round from investors and Family Offices who join the company cap-table. This...

CleverTap raises $105 mn in VC funding round led by CDPQ

CleverTap, a global B2B SaaS platform for customer engagement and retention, is set raise $105 million in a Series D VC funding round led...

SoftBank aims to book $34 bn gain by reducing stake in Alibaba

SoftBank Group Corp on Wednesday said it will book an estimated gain of 4.6 trillion yen ($34.08 billion) on settling prepaid forward contracts using shares...

AppLovin to buy video game software maker Unity in $17.5 bn deal

Gaming software company AppLovin on Tuesday made an offer to buy rival Unity Software in a $17.54 billion all-stock deal. AppLovin aims to tap into...

SoftBank posts record loss on $23 bn Vision Fund hit

SoftBank Group has booked a record $23 billion net loss during April-June 2022, due to significant drop in value of listed investments. In May, SoftBank’s...

Afresh raises $115 mn in VC funding led by Spark Capital

Afresh, the AI-powered fresh food technology provider, has raised $115 million in a Series B VC funding round led by Spark Capital. There was participation from...