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  • Trending on the Ticker

  • The Committee on Foreign Investment approves SoftBank's $2.25B, 20-percent stake in GM-controlled autonomous driving company Cruise; SoftBank will take a seat on the board; SoftBank will invest via two tranches: $900M up front, and the remainder once Cruise's vehicles are ready and approved for commercial deployment - Link

  • Axel Springer-owned jobs site StepStone acquires 85-percent stake in programmatic job advertising company Appcast for ~$79M; Berlin-based StepStone said its interest in NH-based Appcast provides an entrance to the US job classifieds market; Appcast previously raised $8.7M - Link

  • Antwerp-based Unifly, which provides a traffic management system for UAVs, raises $19M Series B from Belgium’s Federal Holding and Investment Company, others; manages drone flights in commercial airspace, providing flight requests and approvals, etc - Link

  • Kristalic, which provides an app (iOS, Android) that uses AI to automatically generates text summaries of audio content, raises ~$2M seed from Renegade Ventures, Moai Capital, others; primarily targets workplace use; provides weekly updates, integrates with calendars, more - Link

  • Jaguar confirms it's developing an all-electric version of the XJ sedan; will manufacture at the Castle Bromwich, UK facility, which is undergoing modification to support the Modular Longitudinal Architecture (MLA) platform; MLA supports gas, electric, and hybrid vehicles; the company plans to offer electric versions of every model introduced from 2020 on - Link