Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. SoftBank Group Corp.
  6. News
  7. Summary
    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Amazon-backed Wiliot raises $200 million in investment led by SoftBank Vision Fund 2

07/27/2021 | 08:18am EDT

(Reuters) - Wiliot, a technology company backed by Amazon Web Services and Qualcomm Inc, said on Tuesday it raised $200 million in a funding round led by SoftBank Vision Fund 2.

The company, which makes chips that can be embedded on product packaging to help track items during their manufacturing, shipping, and sale, did not disclose the valuation at which the funds were raised.

Its technology can be integrated into vaccine vials and food packaging, among others. Wiliot says it aims to expand the internet-of-things network to include everyday products.

The company was founded in 2017 and is headquartered in Israel, with a presence in California, Germany, Ukraine, Australia and Taiwan.

The investment marks another major bet on Israeli growth companies from Japanese conglomerate SoftBank Group Corp. In recent months, SoftBank has also invested in artificial intelligence-based facial recognition startup AnyVision and cloud firm Redis Labs.

Wiliot also counts the investment arms of Samsung Group and Verizon Communications Inc among its backers.

The company plans to use the fresh funds to expand its operations in preparation for the upcoming launch of its V2 product.

Amit Lubovsky, director at SoftBank Investment Advisers, will take a seat on Wiliot's board as part of the deal.

The company raised $70 million in a previous funding round in February last year.

(Reporting by Niket Nishant in Bengaluru and Jane Lee in San Francisco; Editing by Aditya Soni)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -0.50% 3457.6 Delayed Quote.5.93%
QUALCOMM, INC. 0.08% 138.25 Delayed Quote.-9.26%
SOFTBANK GROUP CORP. -1.39% 6542 End-of-day quote.-18.81%
All news about SOFTBANK GROUP CORP.
07:31aSOFTBANK : Adds New Managing Partners to Latin America Funds' Investment Team to..
BU
04:22aSOFTBANK : Online retailer THG plans to spin off and list beauty business in 202..
RE
02:55aJapanese shares fall on profit-booking after recent rally
RE
01:35aSOFTBANK : Backed Car Dealer Chehaoduo Targets $100 Million in Pre-IPO Round
MT
09/15Japanese shares slip as investors take breather after recent rally
RE
09/15VC DAILY : Venture Firm 500 Startups Rebrands, Closes Its Largest Fund
DJ
09/15SAUDI FOR HARDWARE : SoftBank makes first direct investment in Saudi company
RE
09/15Nikkei 225 Off 0.5% on Wall Street Cues, Profit-Taking
MT
09/15Indian law firms reluctant to advise on IPO of insurance giant LIC -sources
RE
09/15SOFTBANK : OneWeb launches satellites in global internet service push
RE
More news
Analyst Recommendations on SOFTBANK GROUP CORP.
More recommendations
Financials
Sales 2022 6 040 B 55 069 M 55 069 M
Net income 2022 1 310 B 11 942 M 11 942 M
Net Debt 2022 14 983 B 137 B 137 B
P/E ratio 2022 8,99x
Yield 2022 0,67%
Capitalization 11 207 B 102 B 102 B
EV / Sales 2022 4,34x
EV / Sales 2023 4,11x
Nbr of Employees 58 786
Free-Float 69,3%
Chart SOFTBANK GROUP CORP.
Duration : Period :
SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 6 542,00 JPY
Average target price 10 507,87 JPY
Spread / Average Target 60,6%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
SOFTBANK GROUP CORP.-18.81%103 890
AT&T INC.-4.14%196 846
T-MOBILE US-5.77%158 579
KDDI CORPORATION27.10%80 158
AMÉRICA MÓVIL, S.A.B. DE C.V.29.95%62 057
VODAFONE GROUP PLC-5.19%43 797