VCs roll out forecasts for 2017
The tech industry traditionally welcomes a new year with an onslaught of predictions about what will be the hot sectors, must-have devices and best-performing investments. We’re aggregating a few forecasts here, including a collection from top Silicon Valley VCs, a list of startups to watch in 2017, some predictions from Norwest Venture Partners, and a Q&A with Scott Kupor of Andreessen Horowitz.
Proterra raises $140M for electric buses
Proterra, a maker of electric buses, has raised $140 million in a funding round backed by new and existing investors. The company says it plans to dramatically accelerate production capacity at its manufacturing facilities in Greenville, South Carolina and Los Angeles County.
Oculus buys The Eye Tribe
Facebook’s Oculus division has acquired The Eye Tribe, a startup developing software to enable eye control for VR headsets and other devices. Copenhagen-based The Eye Tribe previously raised about $3 million in seed funding.
China’s Sogou eyes $5B IPO
China’s third-biggest search engine, Soguou, expects to carry out a U.S. initial public offering at a valuation of up to $5 billion as it raises cash to close the gap with leader Baidu in the mobile market, Bloomberg reports.
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