The company says its Bot Store marketplace of prebuilt bots has attracted over 65K users since its March launch.
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Anywhere Automation’s platform uses machine learning powered software robots to automate business processes that could take thousands of human employees. Post-funding, the 15-year-old startup is valued at $2.6B. Robotic process automation: SoftBank Vision Fund chipped in $300M in Series B funding for robotic process automation company Anywhere Automation. Tencent Music as a tie-in with Spotify ( SPOT). The new funds will go towards user growth and building out the platform.Ĭompetitors: Tencent ( OTCPK:TCEHY, OTCPK:TCTZF) Music, which claims a cumulative audience of 800M users and was headed toward a $1B IPO until a recent pause due to challenging market conditions. The company focuses on independent music and claims 1.2M tracks from about 70K artists. Cloud Music says it reaches 600M users, up 200M in the past year. NetEase remains the controlling stakeholder.
WeWork has 300K members including corporations using its enterprise products, which include Microsoft and account for about 29% of overall revenue.Ĭompetitors: The women-focused The Wing, which counts WeWork among its investors, and a smattering of startups that aren’t much of a threat to a $42B valuation.Ĭloud Music: NetEase ( NTES) announced it raised $600M for its Cloud Music business from Baidu ( BIDU), as a strategic partner, and investors including General Atlantic and Boyu Capital.
The round follows the $1B convertible note investment from August. The warrant deal allows SoftBank to pay $3B for the opportunity to buy shares before September at a price of $110 or higher, which pushes WeWork to a valuation of at least $42B. WeWork (VWORK): The work-share giant raised $3B from SoftBank ( OTCPK:SFTBF, OTCPK:SFTBY) – the corporation rather than the Vision Fund. Follow this account and turn on the e-mail alert to receive VCDeals in your inbox on Saturday mornings. Welcome to Seeking Alpha’s Venture Capital Deals of the Week.
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