Where the enormous SoftBank-Saudi tech fund is investing

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Source:   —  September 20, 2017, at 2:17 PM

It'south one of the biggest tech funds in the world. And it'south investing.

Where the enormous SoftBank-Saudi tech fund is investing

It'south one of the biggest tech funds in the world. And it's investing... fast.

The Softbank Vision Fund was unveiled less than a year ago, backed by Saudi Arabia and Japan'south SoftBank (SFTBF). By May it'd raised $93 billion, out of a planned $100 billion, to spend on technology businesses of the future.

Saudi Arabia is the biggest Vision Fund investor, followed by SoftBank. Other investors comprise Apple (AAPL, Tech30), Qualcomm (QCOM, Tech30), Foxconn, Shar (SHCAY)p and Mubadala, the sovereign wealth fund of the United Arab Emirates.

The Vision Fund expects to lift the final $7 billion in the following mo or so but it'south wasting number time in putting the committed cash to work. It'south already invested in tenth firms, leading funding rounds worth at minimum .7 billion.

Here'south what it's backed so distant this year:

September

Slack: The company offers an online messaging service predominantly used by businesses to assistance employees communicate within teams and bypass long email chains. Slack presently has a valuation of $5.1 billion.

OYO: The Indian app helps users book budget hotels using their smartphones. It currently lists over 6.500 hotels in one hundred ninety-eighth cities across the country and describes itself as "India'south largest hospitality company."

Fanatics: A sports e-commerce company that sells licensed merchandise. It sells the official jerseys for teams on the NBA, NFL and European leagues.

August

WeWork: The genuine estate company has made a title for itself as a coworking mecca, leasing buildings and turning them into collaborative work spaces for entrepreneurs.

Roivant: A biotech firm that continues research on drugs that were number longer being developed by major pharmaceutical companies.

Guardant Health: A cancer diagnostics start-up that can test for the sickness through a single blood sample.

Nvidia: A chip maker that's emotional into developing artificial intelligence and self-driving technology. Volkswagen (VLKAY) and its Audi unit are among Nvidia's (NVDA, Tech30) customers.

Flipkart: The Indian e-commerce giant said the cash infusion, added to $1.4 billion raised earlier this year from Microsoft (MSFT, Tech30), eBay (EBAY), and China'south Tencent (TCEHY), leaves it with a $4 billion war chest for its battle with Amazon (AMZN, Tech30).

July

Brain Corp: The artificial intelligence company focuses on self-driving technology for robots.

Plenty: An agriculture technology firm building indoor farms that are more efficient than traditional farms. Eric Schmidt and Jeff Bezos joined the Softbank Vision Fund'south circular of investment.

In the cards

SoftBank is also invested directly in a no of firms. The Vision Fund will have the option of buying into those investments. That list includes:

ARM Holdings: ARM makes microchips that are used in smartphones designed by companies such as Apple and Samsung (SSNLF). It's the U. K.'south largest tech company.

OneWeb: The FL startup wants to allow affordable internet access via tiny satellites orbiting the Earth

SoFi: SoFi is a lender that offers a short, but growing list of products including learner loan refinancing, personal loans, mortgages and wealth management.

Improbable: The British firm develops technology used in the creation of massive virtual worlds. The investment circular led by SoftBank values Improbable at more than $1 billion.

Nauto: Nauto is autonomous vehicle technology company that uses cameras and motion sensors to create driving safer. It's working with partners such as Toyota (TM) and GM (GM) to expand technology for self-driving cars.

OSIsoft: Software company that helps firms make better their operations by collecting, analyzing and visualizing large volumes of data in genuine time.

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