Lead Edge Capital, which has backed Uber Technologies Inc and Alibaba Group, has raised $150 million through a new fund to invest in publicly-listed software and internet companies, the venture said on Wednesday. In a statement seen by Reuters ahead of its official release, New York City-based Lead Edge said the new fund is expected… Continue reading Alibaba investor Lead Edge Capital raises $150m to invest in listed technology firms …
Tag: Uber
EV battery swapping startup Ample charges up operations in Japan, NYC
EV battery swapping startup Ample has locked in two partnerships this month that will help fuel an expansion into Japan and New York City after years of working on the technology. The startup, which was founded in 2014 and came out of stealth in March, said Tuesday it has partnered with Japanese petroleum and energy… Continue reading EV battery swapping startup Ample charges up operations in Japan, NYC
Upflow Raises $15M in Series A Funding
founders Alexandre Louisy and Barnaby Malet Upflow, a Paris, France-based company which enables businesses to collect customer payments, raised $15m in Series A funding. The round included participation from 9yards Capital, and angel investors including Maximilian Tayenthal of N26, Raffael Johnen of auxmoney, and Pierre-Dimitri Gore-Coty of Uber. As part of the transaction, the former co-founder… Continue reading Upflow Raises $15M in Series A Funding
Top Uber execs are discussing easing up on return-to-office plans after backlash (UBER)
Uber’s policy requires employees to be in the office three days a week starting in September. One new idea under consideration would allow a few members from each team to be fully remote. Uber’s new headquarters in San Francisco’s Mission Bay has been open in limited capacity. See more stories on Insider’s business page. Uber… Continue reading Top Uber execs are discussing easing up on return-to-office plans after backlash (UBER)
Waabi’s Raquel Urtasun explains why it was the right time to launch an AV technology startup
‘This is a combination of my 20-year career in AI as well as more than 10 years in self-driving’ Rebecca Bellan 9 hours Raquel Urtasun, the former chief scientist at Uber ATG, is the founder and CEO of Waabi, an autonomous vehicle startup that came out of stealth mode last week. The Toronto-based company, which… Continue reading Waabi’s Raquel Urtasun explains why it was the right time to launch an AV technology startup
What Makes Quantum Computing So Hard to Explain?
Quantum computers, you might have heard, are magical uber-machines that will soon cure cancer and global warming by trying all possible answers in different parallel universes. For 15 years, on my blog and elsewhere, I’ve railed against this cartoonish vision, trying to explain what I see as the subtler but ironically even more fascinating truth.… Continue reading What Makes Quantum Computing So Hard to Explain?
Chinese ride-hailing giant Didi files for US IPO
Chinese ride-hailing platform Didi filed for an initial public offering on Thursday. The company plans to trade on either the New York Stock Exchange or Nasdaq. Why it matters: Valued at $62 billion, Didi is among the world’s five highest-valued unicorns. The company’s listing could be one of the biggest IPO this year. The Beijing-based… Continue reading Chinese ride-hailing giant Didi files for US IPO
The air taxi market prepares to take flight
Twelve years ago, Joby Aviation consisted of a team of seven engineers working out of founder JoeBen Bevirt’s ranch in the Santa Cruz mountains. Today, the startup has swelled to 800 people and a $6.6 billion valuation, ranking itself as the highest-valued electric vertical take-off and landing (eVTOL) company in the industry. As in any… Continue reading The air taxi market prepares to take flight
Despite flat growth, ride-hailing colossus Didi’s US IPO could reach $70B
Didi filed to go public in the United States last night, providing a look into the Chinese ride-hailing company’s business. This morning, we’re extending our earlier reporting on the company to dive into its numerical performance, economic health and possible valuation. Recall that Didi has raised tens of billions worth of private capital from venture capitalists,… Continue reading Despite flat growth, ride-hailing colossus Didi’s US IPO could reach $70B
Uber said it would help pay drivers’ healthcare — then withdrew the offer 2 weeks later, calling it a ‘mistake’
Uber retracted an offer to subsidize its US drivers’ healthcare costs, in an email shared on Twitter. Uber said it had made a “mistake” — the offer only applied to California-based drivers. The company said it would reimburse drivers for their first month’s premium if they had signed up. See more stories on Insider’s business… Continue reading Uber said it would help pay drivers’ healthcare — then withdrew the offer 2 weeks later, calling it a ‘mistake’