Toyota is doubling down on Joby Aviation with a $ 500 million investment into the California-based company that’s developing electric air taxis. Toyota’s total investment in Joby, which includes a $ 394 million capital injection back in 2020, is now $ 894 million. The funds will be used to help Joby complete the lengthy Type […]
Cohere raises $500M to beat back generative AI rivals
Cohere, a generative AI startup co-founded by ex-Google researchers, has raised $ 500 million in new cash from investors including Cisco, AMD and Fujitsu. The round, which also had participation from Canadian pension investment manager PSP Investments and Canada’s export credit agency EDC, values Toronto-based Cohere at $ 5.5 billion, according to Bloomberg. That’s more […]
API startup Noname Security nears $500M deal to sell itself to Akamai
Noname Security, a cybersecurity startup that protects APIs, is in advanced talks with Akamai Technologies to sell itself for $ 500 million, according to a person familiar with the deal. Noname was co-founded in 2020 by Oz Galan and Shay Levi and is headquartered in Palo Alto but has Israeli roots. The startup raised $ […]
DCVC wanted to raise $500M for its first climate fund, but the market had other plans
DCVC’s target for its first climate-focused fund, DCVC Climate Select, has been all over the place and highlights the roller-coaster venture fundraising conditions of the last few years and how LPs aren’t as quick to back new strategies from established managers. The Silicon Valley VC firm launched the fund in December 2022 with a $ […]
Paramount Global to sell stake in India’s Viacom18 to Reliance for over $500M
Paramount Global has reached a binding agreement to sell its 13% stake in Reliance-controlled Indian media firm Viacom18 to Reliance for $ 517 million, both companies said Wednesday. The deal will increase Reliance’s stake in Viacom18, which operates dozens of TV channels as well as streaming service JioCinema, to 70.49%, Reliance said in a disclosure […]