Uber’s Advanced Technologies Group, which works on self-driving vehicles, has netted an investment from SoftBank, Denso and Toyota adding up to 10 figures.
April 23, 2019
April 23, 2019—Uber has announced a deal for a $1 billion investment in its self-driving vehicle unit, weeks before its initial public offering, reported CNBC.
Toyota and Japanese auto-parts supplier Denso will together invest $667 million, while Softbank’s Vision Fund will invest $333 million.
Uber officially kicked off its IPO process last week with the public filing of its prospectus. The next stage is a road show at the end of April, where Uber’s executives and bankers will sell the ridesharing startup’s story and business model to potential public market investors.
Enterprise and Tasco Auto Color continue to support the Collision Industry Foundation program at the second highest tier, Urgent Care, for donors that contribute $5,000-$10,000...
The insurance company said it has control of its systems and hasn’t detected any evidence of ransomware or ongoing threat actor activity since the June 7 attack.
The Mountain States Collision Repair Association’s first in-person event features four industry experts and networking opportunities at Downhill Brewing in Parker, Colorado.
