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Hello reader,
Now that we’re in the age of AI, are you ready to entrust your life to a machine?
The biggest funding deal we have this week is for DiDi Autonomous Driving. It’s a Chinese company that, as the name suggests, develops self-driving cars.
I wouldn’t feel great about getting in a car that drives itself, to be honest. But I may be more alone in that view than I think, seeing that the company has just raised close to US$300 million.
Still, I’d rather be in the driver’s seat and be in charge of every straight section and turn – in the same way that VCs would rather make their own investment decisions rather than leaving them to AI.
Image credit: Timmy Loen
You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that recently took place.
The biggest deals by country
🇨🇳 DiDi Autonomous Driving is an intelligent driving tech developer based in China. The firm has raised US$298 million in a series C round from Didi Chuxing and GAC Group.
🇮🇳 Eruditus Executive Education is an Indian edtech firm that focuses on business-related education programs. The company has secured US$150 million from Accel Partners, CPP Investments, Chan Zuckerberg Initiative, Leeds Illuminate, SoftBank Vision Fund, and The Rise Fund.
🇯🇵 Japanese ecommerce platform Giftmall has gained US$35 million in a series B round from Nomura Sparx Investment and Sparx Asset Management Mirai Creation Fund.
M&As
Startups that are raising funds
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