The venture capital fund will invest up to $1B over five years in vehicle electrification, AI, and autonomous systems.
Translation platform: Microsoft Ventures, Salesforce Ventures, and Samsung Next participated in a $23 Series B round in Unbabel, a Lisbon-based developer of an “AI-powered, human-refined” translation platform for enterprise users.
Scale Venture Partners led the round and Notion Capital, Caixa Capital, and Funders Club also participated.
Data analytics: GE Ventures, Honeywell Ventures, and ABB Technology Ventures participated in a $19.5M Series A round in Element Analytics, a San Francisco-based data analytics management and integration software provider.
Robo-taxi: Jaguar’s venture capital arm InMotion Ventures chipped in $3M of a $15M funding round in Voyage, a robo-taxi service.
2017 revisited: The U.S. venture capital industry invested $84B in 2017, the highest since the dot-com boom, thanks in part to unicorns.
The money went to 8,035 companies across 8,076 deals, according to the PitchBook-NVCA Venture Monitor annual report.