SoftBank Leads $164 Million Bet on Digital-Mapping Startup Mapbox – Wall Street Journal

As auto makers and tech giants rush to develop autonomous vehicles, SoftBank Group Corp. is placing a sizable bet on a startup offering the navigation needed to help these cars find their way.

The Japanese investor, which has stakes in many ride-hailing services, is leading a $164 million investment in Mapbox Inc., a startup that provides mapping and location-search technology to a variety of companies including Snap Inc. and General Electric Co.

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