Autonomous vehicle technology startup Aeva is merging with a SPAC at a $2.1 billion valuation, TechCrunch reported Monday . Aeva makes a type of sensor called LiDAR, or light detection and ranging, which enables self-driving cars to measure how far they are from other cars and pedestrians. The Mountain View, Calif.–based company was last valued at $460 million in August 2019 and is backed by...
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SoftBank’s Onetime Pizza-Robot Darling Shuts Down
Zume, which raised $375 million from SoftBank to automate pizza-making with robots before switching to developing sustainable packaging, has shut down. The company is insolvent and has retained restructuring firm Sherwood Partners to liquidate the assets for the benefit of the creditors, an alternative to bankruptcy, according to Martin Pichinson, Sherwood Partners’ cofounder. It ceased...
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