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Samsung invests $500M to set up a smartphone display plant in India

Samsung invests $500M to set up a smartphone display plant in India

Samsung, which once led India’s smartphone market, is investing $500 million in its India operations to set up a manufacturing plant at the outskirts of New Delhi to produce displays. The company disclosed the investment and its plan in a filing to the local regulator earlier this month. The South Korean giant said the plant…

Toyota invests $394M in flying taxis

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Tencent invests in Bayonetta and Vanquish developer PlatinumGames – Polygon

Tencent invests in Bayonetta and Vanquish developer PlatinumGames – Polygon

Bayonetta and Nier: Automata developer PlatinumGames is getting an infusion of cash from Tencent, the Chinese internet and media company that has financial stakes in Activision Blizzard, Ubisoft, and Epic Games. Tencent also owns Riot Games. In a statement posted to the developer’s website, PlatinumGames president and CEO Kenichi Sato said his company’s partnership with…
A venture firm that invests ‘from Park City to Kansas City’ just closed its third fund

A venture firm that invests ‘from Park City to Kansas City’ just closed its...

Sometimes, in venture capital, it pays to specialize. The latest indicator is a Kansas City, Mo.-based venture firm that’s focused on seed-stage startups that are based anywhere from “Park City to Kansas City.” According to an SEC filing, it just closed on $16.4 million in capital commitments. It’s the third fund for the outfit, Royal…
Airbnb invests as Zeus corporate housing raises $55M at $205M

Airbnb invests as Zeus corporate housing raises $55M at $205M

As Airbnb absorbs more and more of the demand for housing, it’s exploring how to monetize opportunities beyond vacation rentals. A marketplace for longer term corporate housing could be a huge business, but rather than build that itself, Airbnb is making a strategic investment in one of the market leaders called Zeus Living and will…
Volvo invests in autonomous vehicle operating system startup Apex.AI though its VC arm

Volvo invests in autonomous vehicle operating system startup Apex.AI though its VC arm

Volvo is making an investment in Palo Alto-based Apex.AI, a startup working on developing a robotic operating system qualified for use in production automobiles. Apex.AI, founded by automated systems engineers Jan Becker and Dejan Pangercic, raised $15.5 million in a Series A last November, and revealed that its focus is on developing an enterprise-focused version…
IKEA invests 200 million euros to speed up action to become climate positive by 2030

IKEA invests 200 million euros to speed up action to become climate positive by...

In connection with COP25, Inter IKEA Group announces the decision to invest 200 million euros to speed up the transformation to become a climate positive business. The investment will focus on two portfolios – one to transform the IKEA supply chain into using renewable energy, and one to remove carbon from the atmosphere through reforestation,…
OLX Group invests up to $400M in used car marketplace Frontier Car Group at $700M valuation

OLX Group invests up to $400M in used car marketplace Frontier Car Group at...

Frontier Car Group, the Berlin-based startup building used-car marketplaces targeting high-growth, emerging markets, has picked up another significant round of funding from a strategic backer also focusing on the same geographical opportunity. Today, OLX, the online classifieds division Prosus (the digital division of Naspers that listed earlier this year in Europe) announced that it would…
New York’s ERA invests in esports org Gen.G

New York’s ERA invests in esports org Gen.G

Esports are the wild wild West right now. There’s clearly a huge potential for the industry to become incredibly lucrative, but everything from the infrastructure of competition to the overall culture isn’t quite ready for prime time. This introduces a huge opportunity for the tech world to get in on the action. We’ve seen traditional…
Porsche invests in ‘low visibility’ sensor startup TriEye

Porsche invests in ‘low visibility’ sensor startup TriEye

Porsche’s venture arm has acquired a minority stake in TriEye, an Israeli startup that’s working on a sensor technology to help vehicle driver-assistance and self-driving systems see better in poor weather conditions like dust, fog and rain. The strategic investment is part of a Series A financing round that has been expanded to $19 million.…

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Wait a Second, That Table Has No Legs!

Maybe you’ve seen one of these “floating” tables on the internet. They look crazy because at first glance, it seems like the table is standing up on strings instead of on solid legs. Which is impossible, right? I mean, you can pull strings to make something happen, but everyone agrees that pushing on a string…

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