Announced
Completed
Financials
Sources
Tags
United States
Private Equity
Completed
advanced autonomous systems
Trucking
Acquisition
Cross Border
Minority
Private
Friendly
Single Bidder
Synopsis
SoftBank Group, a Japanese multinational conglomerate holding company headquartered in Tokyo, completed the investment in Stack AV, a developer of advanced autonomous systems in the transportation industry. Financial terms were not disclosed. “The transformative power of AI is undeniable and will have a significant impact on our society. The next decade will be defined by AI, where all social systems will be linked by this technology to solve the most complex societal issues. By applying the strengths of AI-powered technology to the trucking industry, Stack AV will fundamentally change the transportation of goods and supply chains across the globe,” Kentaro Matsui, SoftBank Group Head of the New Business Office.
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