WeWork said to raise $760M
Co-working giant WeWork has raised $760 million in fresh funding, according to a Wall Street Journal report citing unnamed sources. The new round reportedly values the New York-based company at $21.6 billion.
Corporate investors are putting more real money into artificial intelligence startups. Toyota just announced the launch of Toyota AI Ventures, a $100 million Silicon Valley-based fund that will focus on autonomous mobility, robotics, and cloud technology. The same day, Google revealed that it has a new AI-focused fund called Gradient Ventures.
Revolut raises $66M
Revolut, a two-year-old, London-based provider of online international money transfers and other banking services, has raised $66 million in a Series B round. Index Ventures led the round, which also included participation from Balderton Capital and Ribbit Capital.
Austin dominates Q2 Texas VC scene
Second quarter venture investment in Texas reflected a common trend: Austin nabbed the most amount of investment dollars, while Dallas and Houston trailed far behind. Overall, Texas companies raised nearly $600 million, according to a Crunchbase News analysis, with total investment rising while deal count contracted. (For more stories, follow @Crunchbasenews on Twitter.)
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