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SoftBank leads $265 million investments in two U.S.-based start-ups – Source Reuters Tech News

(Reuters) – SoftBank on Monday led a new funding round of $165 million in California-based Karius and invested $100 million in New York-headquartered AI company Behavox, as the technology giant builds a portfolio under its second Vision Fund.

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo/File Photo

The two deals come at a time of intense investor scrutiny into SoftBank’s investments.

The Japanese company earlier this month reported a second straight quarter of losses at its first Vision Fund, pushing Chief Executive Officer Masayoshi Son to scale back his second fund.

Karius, which markets a test that can quickly detect hard-to-diagnose infections through a simple taking of blood, said the funding would expand its commercial outreach and clinical research.

Although relatively small by the standards of Softbank (9984.T), the funding marks the latest in a list of healthcare…

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Source Reuters Tech News

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