Softbank & Greylock lead $159m Series B in autonomous vehicle firm Nauto

SoftBank Group Corp. Chairman and CEO Masayoshi Son speaks during an earnings briefing in Tokyo, Japan, July 28, 2016. REUTERS/Kim Kyung-Hoon

Autonomous vehicle technology company Nauto has closed a $159 million Series B financing round, led by a subsidiary of SoftBank Group Corp. and Greylock Partners.

In an official statement, SoftBank Group Corp. Chairman and CEO Masayoshi Son said, “While building an increasingly intelligent telematics business, Nauto is also generating a highly valuable dataset for autonomous driving, at massive scale. This data will help accelerate the development and adoption of safe, effective self-driving technology.”

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