Grab is talking to Ant Financial and PayPal about spinning out its financial services business

Grab, the $16 billion-valued ride-hailing firm that acquired Uber’s Southeast Asia business last year, is in talks with Alibaba’s Ant Financial and PayPal as it considers spinning out of its financial services unit to double down on its non-transportation business, TechCrunch has learned. The seven-year-old company’s coming-of-age moment was a deal to buy Uber’s regional […]

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Nuro CEO Dave Ferguson at TC Sessions: Mobility on July 10 in San Jose

Autonomous delivery startup Nuro, fresh with nearly $1 billion in capital from SoftBank, is bursting with ideas — as some recent patent filings (and our recent deep dive into the company) suggest. And we can’t wait to learn more about what Nuro has planned. It’s only fitting that Nuro co-founder and CEO Dave Ferguson is […]

View More Nuro CEO Dave Ferguson at TC Sessions: Mobility on July 10 in San Jose

Transportation weekly: Nuro dreams of autonomous lattes, what is a metamaterial, Volvo takes the wheel

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. We love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Read the first edition here.  As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkorosec to ensure you see it each week. […]

View More Transportation weekly: Nuro dreams of autonomous lattes, what is a metamaterial, Volvo takes the wheel

How Nuro plans to spend Softbank’s $940 million

Autonomous delivery startup Nuro is bursting with ideas since SoftBank invested nearly $1 billion in February, new filings reveal. A recent patent application details how its R1 self-driving vehicle could carry smaller robots to cross lawns or climb stairs to drop off packages. The company has even taken the step of trademarking the name “Fido” […]

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Startups Weekly: A much-needed unicorn IPO update

In this week’s newsletter: Details on Pinterest, Lyft, Uber and Zoom’s upcoming IPOs, plus Glossier and Rent The Runway’s big rounds.

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Indonesia’s Kargo comes out of stealth with $7.6M from Travis Kalanick, Sequoia and others

Travis Kalanick may be busy cooking up a cloud kitchen business, but that hasn’t stopped the former Uber CEO’s VC fund from making its first investment in Southeast Asia. 10100, the firm that Kalanick launched last year for investments in Asia, just took part in a $7.6 million seed round for Kargo, an early-stage ‘Uber […]

View More Indonesia’s Kargo comes out of stealth with $7.6M from Travis Kalanick, Sequoia and others

Skymind raises $11.5M to bring deep learning to more enterprises

Skymind, a Y Combinator-incubated AI platform that aims to make deep learning more accessible to enterprises, today announced that it has raised an $11.5 million Series A round led by TransLink Capital, with participation from ServiceNow, Sumitomo’s Presidio Ventures, UpHonest Capital and GovTech Fund. With this, the company has now raised a total of $17.9 […]

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Transportation Weekly: Uber’s spending habits, Tesla Model Y, scooters and AVs in Austin

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. We love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Catch up by reading the first edition here or check out last week’s edition, which offered the gamut of mobility news from Lyft and Bird to […]

View More Transportation Weekly: Uber’s spending habits, Tesla Model Y, scooters and AVs in Austin

Uber said to be raising $1B at a $10B valuation for its self-driving car unit

The SoftBank Vision Fund is in talks to invest directly in Uber’s autonomous vehicle business, reports The Wall Street Journal.

View More Uber said to be raising $1B at a $10B valuation for its self-driving car unit

2 days left to save $100 on TC Sessions: Robotics + AI

For the love of robots, don’t miss your chance to save $100 on admission to TechCrunch Sessions: Robotics + AI. Our annual, day-long event goes deep on all things related to robotics and artificial intelligence, and you’ll hear from the greatest tech and investment minds and makers. Danger, Will Robinson, danger! The early-bird price — […]

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GM Cruise snags Dropbox HR head to hire 1,000 engineers by the end of the year

GM Cruise plans to hire 1,000 more engineers over the next nine months, TechCrunch has learned. It’s an aggressive move by the autonomous vehicle technology company to double its size as it pushes to deploy a robotaxi service by the end of the year. Arden Hoffman, who helped scale Dropbox, will leave the file-sharing and […]

View More GM Cruise snags Dropbox HR head to hire 1,000 engineers by the end of the year