Insurance giant Sompo buys 21.9% stake in Google-backed deep learning startup Abeja

Insurance giant Sompo buys 21.9% stake in Google-backed deep learning startup Abeja

Tokyo-based Abeja announced that it has formed a capital and business alliance with Japanese insurance giant Sompo Holdings (TSE:8630). Sompo acquired 21.9% of the outstanding shares from Abeja’s five existing shareholders: INCJ, Salesforce.com, Mizuho Capital Mitsubishi UFJ Capital, and Itochu (TSE:8001). The startup became an affiliate of the insurance conglomerate. Founded in September of 2012, […]

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Toshiba receives ¥2 tril acquisition offer from global fund

Toshiba receives ¥2 tril acquisition offer from global fund

Toshiba Corp says it is considering a preliminary acquisition proposal that would take the technology conglomerate private. Toshiba said Wednesday that it asked for more details on the proposal it received on Tuesday, was giving it “careful consideration” and would make an announcement “in due course.” Trading in the company’s shares was suspended. The major […]

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Audio app Clubhouse floats payment feature for creators

Audio app Clubhouse floats payment feature for creators

Audio-chat app Clubhouse said it will launch a monetization feature for its creators on the platform and that it will not receive any payment from it. Starting Monday, all users will be able to send payments through the platform, Clubhouse said. The payments feature will initially be available among a small test group, and then […]

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Tiger Global, SoftBank invest in cloud firm Redis Labs at $2b valuation

SoftBank Group Corp’s Vision Fund 2 and private equity firm Tiger Global Management have invested in Redis Labs, a real-time cloud analytics platform provider, in a late-stage funding round valuing the firm at over $2 billion. Existing investor TCV also participated in the round which raised $110 million, bringing the net amount so far to $347 million, […]

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