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VW invests $2.6 billion in self-driving startup Argo AI as part of Ford alliance

VW invests $2.6 billion in self-driving startup Argo AI as part of Ford alliance

VW Group is investing $2.6 billion in capital and assets into Argo AI, the Pittsburgh-based autonomous vehicle startup that burst onto the scene two years ago with $1 billion in backing from Ford. The deal, which has been rumored for months, is part of a broader alliance between VW Group and Ford that covers autonomous and…
Visa invests in India-based B2B payments platform PayMate’s $25M round

Visa invests in India-based B2B payments platform PayMate’s $25M round

PayMate, a Mumbai-based startup that helps businesses automate and digitize their payments, is raising $25 million in a new round, its founder said, as it looks to expand its presence within India and in international markets. In an interview with TechCrunch, Ajay Adiseshann, founder and CEO of PayMate, said the startup has already raised a substantial…
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…
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…
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…
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,…
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…

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Google’s Pixel 4 event takes place October 15th

One possibility is a Nest Mini smart speaker that would replace the Home Mini. It's believed to be visually similar to the outgoing model, but would pack requested features like an audio output jack and a wall mount. Other device updates are less certain, although we'd note that the original Home speaker is nearly three…

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