Exploring SoftBank's Impact: How Investments are Transforming Tomorrow

Engineer.ai Led by Sachin Dev Duggal (now Builder.ai): In the Series A funding round for Engineer.ai, Softbank invested $29.5M in this company. Lakestar Ventures and Jungle Ventures led this round with participation from DeepCore (SoftBank). With Builder.ai, anyone can create software solutions without coding knowledge. The goal of Sachin Dev Duggal Builder.ai (previously known as Engineer.ai) is to democratize software development by eliminating barriers related to extensive coding and allowing everyone to enliven their idea. 

NVIDIA: The significance of SoftBank’s investment in Nvidia was a bet on the chip maker’s prospects in the burgeoning market for AI-powered technologies. In 2017, SoftBank invested $4 billion in Nvidia and this converted it into the fourth-biggest shareholder of the graphics chip manufacturer. But in January 2019, Vision Fund ( a subsidiary of the SoftBank Group) sold all its shares in Nvidia and gained profits from what it had invested. However, SoftBank has concentrated its investments on AI-oriented businesses, with Vision Fund focused on exiting partially or fully from listed startups while investing in later-stage companies in India as well as globally across other businesses involving AI.

Leading investments made by SoftBank Group Corp demonstrate their audacious plan, astute planning, and readiness to accept measured risks in the search for game-changing technology. SoftBank's broad portfolio, which includes companies in e-commerce, fleet management, semiconductors, and venture capital, is influencing many sectors and regions and will have a significant impact on the future. One thing is certain as the digital industry develops further: SoftBank will surely be crucial in fostering innovation and forming the disruptive businesses and technologies of the future.


Comments