SoftBank Puts Big Money Behind Tech

SoftBank, a Japanese Multinational conglomerate company has been funding hundreds of millions of dollars in technology-forward companies since 2008 according to Business Insider.

Japan’s richest man, Masayoshi Son is the founder of the SoftBank, which owns operations in, telecommunications, e-commerce, technology services, finance, media and marketing, and other business.

The $100 billion SoftBank Vision Fund is used by the company to make investment and acquire tech giants.

The company has invested in tech organizations such as We Company, Slack, SoFi, Uber, Boston Dynamics, and ARM.

SoftBank also invested in newly founded companies like Indian e-commerce company Paytm, satellite internet firm OneWeb, and farming startup Plenty.

Now SoftBank is planning to set out another $100 billion fund, called Vision Fund II.