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Business deals

SoftBank Vision Fund bets $100m on US AI startup Globality

Deal marks modest start to year for investment vehicle led by Masayoshi Son

SoftBank Vision Fund's $100 million investment in Globality marks its first announced deal of 2019.

TOKYO -- SoftBank Group's $100 billion venture capital fund, SoftBank Vision Fund, has invested $100 million in U.S.-based Globality, a platform that uses artificial intelligence to help companies find services.

In a media release published Monday, Globality said the deal brings the company's total funding to $172 million since it was founded three years ago. Previous investors include former U.S. Vice President Al Gore, former PwC Chairman Dennis Nally and Ken Goldman, former chief financial officer at Yahoo.

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