Five, one of three well-known self-driving car developers based in the U.K., late Tuesday announced $41 million in equity funding from local and regional investors. The fundraising underscores continued investor interest in the technology, despite the cash burn and uncertain timelines. Five is named after the term Level 5, which is industry parlance used to describe flawless self-driving...
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What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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