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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Japan’s Hacobu secures $8.7M to use big data for optimizing B2B logistics

Japan’s Hacobu secures $8.7M to use big data for optimizing B2B logistics

Tokyo-based Hacobu, a business-to-business logistics optimization startup, has announced that it has secured 940 million yen (about $8.7 million US) in its latest round of funding. Participating investors are JIC Venture Growth Investments (JIC VGI), NN Corporate Capital (Investment arm of Nomura Real Estate Holdings), Toyota Tsusho (TSE:8015), Logistics Innovation Fund (Spiral (TSE:8015), Logistics Innovation […]

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Lost your motivation to work out? Here’s why – and how to get back on track

Lost your motivation to work out? Here’s why – and how to get back on track

In the early phases of lockdown, the streets were teeming with runners and living rooms were a blur of uncoordinated star jumps and lunges. In fact, physical activity levels in the UK peaked around mid-to-late May, just before lockdown restrictions began to be eased. Now, after months of fluctuating social restrictions, many people are reporting […]

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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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