SoftBank

SoftBank Gears Up for a Fast Maritime Communication Network

Japan’s SoftBank will work with compatriots including shipping company Mitsui O.S.K. Lines on a fast maritime communications network that will open the door to remote-controlled ships, reports Nikkei Asian Review.

OneWeb’s satellite constellation

The service will use a satellite constellation operated by U.K.-based OneWeb, which is roughly 50% owned by SoftBank.

OneWeb anticipates speeds of 400 megabits per second — 100 times as fast as current maritime networks, which are a decade behind...

http://mfame.guru/softbank-gears-up-for-a-fast-maritime-communication-network/

Flexport secures a billion dollars in new funds to help grow its global footprint

UK digital-first freight forwarder Flexport has secured “a truly outstanding” $1bn in a new funding round led by Japanese tech investment behemoth SoftBank.
Flexport said the cash would be used to “deepen its technology and data capabilities, grow its global logistics infrastructure footprint and invest in industry expertise”.
SoftBank’s Vision Fund was joined by existing investors in Flexport, including Founders Fund, DST Global, Cherubic Ventures, Susa Ventures and emerging Chinese integrator...

https://theloadstar.co.uk/flexport-secures-a-billion-dollars-in-new-funds-to-help-grow-its-global-footprint/

Flexport in talks to raise $500m in SoftBank-led deal

US freight forwarding start-up Flexport appears to be on the verge of another enormous fundraising round, according to this report from Reuters. This time it is tapping a group of investors led by Japanese tech behemoth SoftBank, which is no stranger to the transport and logistics industry. Its most recent investment completed earlier this week when it ploughed $1bn into US autonomous delivery start-up Nuro. If Flexport reaches its new …

The post Flexport in talks to raise $500m in SoftBank-led...

https://theloadstar.co.uk/flexport-in-talks-to-raise-500m-in-softbank-led-deal/

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