Forto a logistics startup, GBM a Mexican investment platform, and AI startup Vianai Systems; Softbank has made some interesting investments in tech. Softbank is one of the biggest technology players in the world. With an ambition to drive the Information Revolution, the Softbank Group has an impressive portfolio of tech companies it has invested in. Through its Soft Bank Vision Fund, the company is looking to deploy $100 billion to support global businesses. Below are three companies that Softbank invested in during the month of June 2021.
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1. Forto - Freight tech startup
Forto is a logistics tech startup based out of Germany. Forto provides users with a single platform that they can use to manage the journey of a shipping container from its source to its destination. It helps streamline trade between China and Europe. The company raised $240 million in its most recent investment round. Softbank was the leading investor in this round. Other new investors included Citi Ventures and G Squared. Existing investors in Forto, Northzone, Cherry Ventures, and Unbound have also reinvested in the company. The company is now valued at $1.2 billion. Despite the disruption to global trade caused by the pandemic last year, Forto saws its revenue triple compared to the previous year. It is a fast-growing German logistics firm.
2. GBM - Investment platform
Based out of Mexico, Grupo Bursátil Mexicano (GBM) started out as an investment platform for the Mexican stock market. The company has been around for 35 years. For the first 30 years, GBM was focused on providing services to individuals with a high net worth and established institutions. Over the past 5 years, the company has shifted its focus to expanding its digital services. Today GBM offers the same services to all Mexicans that it offers to large estates. GBM announced that it had received an investment of "up to" $150 million from Softbank. According to GBM Co-CEO, Pedro de Garay Montero, the investment is not contingent on anything. GBM has created a new app called GBM+ which will have tools for wealth management, trading and smart cash.
3. Vianai Systems - AI Platform
A young start-up that is only two years old, it is not very clear what Vianai Systems does. According to its founder Dr. Vishal Sikka, The company is creating a “better AI platform, one that puts human judgment at the center of systems that bring vast AI capabilities to amplify human potential.” The company has announced that it has raised $140 million in its latest investment round led by Softbank Vision Fund 2.
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