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March 23, 2026 - Deals
Rivian Automotive Partners With Uber For $1.25 Billion Autonomous Vehicle Initiative
Rivian Automotive, Inc. has partnered with Uber Technologies, Inc. in a major autonomous vehicle initiative, with Uber committing up to $1.25 billion in investments through 2031, contingent on achieving specific autonomous milestones. The partnership will see an initial deployment of 10,000 fully autonomous R2 robotaxis in San Francisco and Miami in 2028, with expansion to 25 cities and an option to purchase up to 40,000 additional vehicles by 2030. RJ Scaringe, Founder and CEO of Rivian, highlighted that the collaboration will accelerate the company’s path to level 4 autonomy, leveraging Rivian’s third-generation autonomy platform and in-house RAP1 chips to enhance safety and data-driven performance.
FOUNDER: RJ Scaringe
AMOUNT: $1,250,000,000
HQ: Irvine, California
#VentureCapital #RivianAutomotiveInc #UberTechnologiesInc #TradedVC
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Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts.
FOUNDERS: Ben Lamm & George Church
TARGET VALUATION: $23,000,000,000
HQ: Dallas, Texas
#VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC