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Posts Tagged ‘Goldman Sachs’

Tesla locks in stock surge with $2B offering at $767 per share

Tesla has priced its secondary common stock offering at $767, a 4.6% discount from Thursday’s share price close, according to a securities filing Friday. Tesla said in the filing it will sell 2.65 million shares at that discounted price to raise more than $2 billion. Lead underwriters Goldman Sachs and Morgan Stanley have the option ...

Tradeshift cuts headcount by three figures in effort to turn towards profitability

Last month, Tradeshift, a platform for supply chain payments which has achieved unicorn status in recent years, had some good news and some bad news. It announced a Series F funding round of $240 million in equity and debt, raised from a combination of existing and new investors. It’s now raised a total of $661 ...

Man who helped caused 2008 financial crash suddenly very concerned about the economy

Lloyd Blankfein might sound like the name of a fictional banker villain, but he is in fact the real-life Senior Chairman  of Goldman Sachs. Prior to his current position, he served as chairman and chief executive of the infamous banking giant beginning in 2006 — just before that pesky financial crisis from which the world ...

Kenyan logistics startup Sendy raises $20M round backed by Toyota

Africa’s logistics startup space has gained another multi-million dollar round with global backing. Kenyan company Sendy — with an on-demand platform that connects clients to drivers and vehicles for goods delivery — has raised a $20 million Series B led by Atlantica Ventures. Toyota Tsusho Corporation, a trade and investment arm of Japanese automotive company ...

What we know (and don’t) about Goldman Sachs’ Africa VC investing

Goldman Sachs is investing in African tech companies. The venerable American investment bank and financial services firm has backed startups from Kenya to Nigeria and taken a significant stake in e-commerce venture Jumia, which listed on the NYSE in 2019. Though Goldman declined to comment on its Africa VC activities for this article, the company ...

Eigen nabs $37M to help banks and others parse huge documents using natural language and ‘small data’

One of the bigger trends in enterprise software has been the emergence of startups building tools to make the benefits of artificial intelligence technology more accessible to non-tech companies. Today, one that has built a platform to apply power of machine learning and natural language processing to massive documents of unstructured data has closed a ...

Every startup is a bank–or wants to be

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. ...

Meet Bespoke Financial, a lender for cannabis companies backed by Snoop Dogg’s Casa Verde Capital

Bespoke Financial wants to provide cannabis businesses with the same kind of financial services that other businesses get, but that dispensaries and growers can’t yet access. The regulations around cannabis operations are so stringent at the local level — and so nebulous at the federal level — that national banks won’t give businesses in the ...

When the HR department is a robotic phrenologist: “face-scanning algorithm” gains popularity as a job-applicant screener

Hirevue is an "AI" company that companies contract with to screen job applicants: it conducts an hour-long videoconference session with applicants, analyzing their ****** expressions, word-choices and other factors (the company does not actually explain what these are, nor have they ever subjected their system to independent scrutiny) and makes recommendations about who should get ...