SoftBank Vision Fund invests in robots and agriculture tech
- Thursday, July 20th, 2017
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SoftBank’s Vision Fund, which raised over $93bn to invest in technological advancement from Apple, Qualcomm and others earlier this year, has invested in two very different companies.
The first of these investments came as an $114m Series C funding round, which also included Qualcomm and an institutional investor, by AI robotics company Brain Corp.
Brain has developed AI and self-driving tech to enable robots use their ‘brains’ and navigate areas properly. The investment will be used to further develop this tech and to create brains for commercial and consumer robots.
“At Brain, we believe tomorrow’s robots will be intelligent autonomous machines that take care of us. Such robots will be as commonplace as computers and mobile phones are today,” said Eugene Izhikevich, CEO of Brain. “This funding will allow us to accelerate our mission, and we look forward to collaborating with the SoftBank Vision Fund as a long-term strategic partner.”
The Vision Fund’s second bit of funding came in an area that seems poles apart from the first: indoor farming.
This investment was part of a $200m Series B funding round – the ‘largest agriculture tech investment in history’ – in Plenty. The funding, which also included investment from affiliates from Louis M. Bacon, the founder of Moore Capital Management, Bezos Expeditions and more, will see the Vision Fund’s managing director, Jeffrey Housenbold, join the board of directors.
Plenty uses plant science and patented technologies to indoor farms that use LED lighting, micro-sensor tech, and big data processing.
“By combining technology with optimal agriculture methods, Plenty is working to make ultra-fresh, nutrient-rich food accessible to everyone in an always-local way that minimizes wastage from transport,” said Masayoshi Son, chairman & CEO of SoftBank Group Corp. “We believe that Plentys team will remake the current food system to improve peoples quality of life.”
Separately, SoftBank itself is led a $159m Series B funding round in self-driving tech company Nauto. The round also included Greylock Partners, BMW, General Motors, Toyota, Allianz, and others.


