One of many greatest energy gamers in Silicon Valley is predicated about 5,000 miles away from California.
Softbank, the large Japanese conglomerate, began as a software program distributor within the 1980s, grew right into a telecom large and now spans telecommunications, e-commerce, finance, know-how providers, semiconductor design, media and advertising, robotics and even baseball.
Final 12 months, Softbank invested in additional than half of the highest 10 greatest investments in VC-backed start-ups, together with WeWork, Indian e-commerce large Flipkart, and ride-hailing giants Didi Chuxing, Seize and Ola.
SoftBank’s Imaginative and prescient Fund is the most important know-how funding fund in historical past. Whereas the $100 billion fund is primarily backed by Softbank, it additionally contains huge investments from Apple, Qualcomm, Sharp and the sovereign wealth funds of Saudi Arabia and the United Arab Emirates.