German scooter and bike company Tier has raised another $200 million from the likes of Softbank and UAE-sovereign wealth fund Mubadala Capital showing that investors still have appetite to pour money into e-scooter start-ups. The Monday announcement of Tier’s Series D comes less than a year after the company had raised $250 million led by Softbank’s Vision Fund 2. Separately, Tier is looking...
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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