SoftBank has reportedly bid to buy shares from insiders at a valuation of $48 billion, well below the company’s last reported valuation of $70 billion. According to CB Insights, SoftBank’s fingerprints were all over many of the biggest funding rounds:Īnd these numbers don’t include deals such as the current negotiation to buy a sizable chunk of Uber’s stock, a controversial deal that has split the company’s executive leadership and board. It wasn’t just the number of deals that was notable, but their size. Worth noting is that the report was published before SoftBank announced on December 19 that it had led a $120 million round in New York-based AI insurance startup Lemonade. According to the report, SoftBank invested in 16 deals in the U.S. “And that’s why I’m in a hurry.”Ī new report from CB Insights reveals the massive impact the Softbank Vision Fund had on venture capital in the U.S. “I believe this singularity is coming in the next 30 years,” he said. In advance of the “singularity,” he needed to be involved with a wide range of technologies that could offer data and insight into the rapidly evolving world. During an appearance earlier this year at Mobile World Congress, Son explained the rationale for the fund as an attempt to place big bets on companies that would help him prepare for the moment when machines become smarter than humans.
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