Leo Lewis / Financial Times: Location and mapping platform Mapbox raised $280M led by SoftBank, sources say at a ~$1.3B pre-money valuation; PitchBook: Mapbox had previously raised $360M  —  Son’s decision to back US mapping company in $280mn investment round comes in wake of Arm listing Lees verder op Tech Meme

David Shepardson / Reuters: A group of 18 state AGs backs Montana’s effort to ban TikTok, urging a US judge to reject legal challenges ahead of the January 1, 2024, effective date  —  A group of 18 state attorneys general said on Monday they backed Montana’s effort to ban Chinese-owned short video app TikTok … Lees verder op Tech Meme

Sabrina Willmer / Bloomberg: A US federal judge rejects SEC’s request to inspect Binance.US’ technological infrastructure, and to force the company to share other requested information  —  – Regulator says it is not getting enough access in lawsuit  — Magistrate judge didn’t grant expedited discovery request Lees verder op Tech Meme

Ari Levy / CNBC: Instacart prices its 22M shares at $30 a piece, raising $660M in its IPO at a fully diluted valuation of ~$10B; Instacart was valued at $39B in 2021  —  – Instacart priced its IPO at $30 a share on Monday, at the top end of the expected range of $28 to $30. Lees verder op Tech Meme

Katrina Hamlin / Reuters: SMIC’s gross margins halved in H1 2023, as it poured $345M, or 11.4% of revenue, into research and development; SMIC reported $111M in state grants in H1 2023  —  Huawei’s new phone demonstrates China can produce cutting-edge hardware despite U.S. restrictions. Lees verder op Tech Meme

Kyle Wiggers / TechCrunch: Levelpath, which provides enterprise procurement services, raised a $30M Series A led by Redpoint, following an unannounced $14.5M seed led by Benchmark  —  Back in 2014, Stan Garber and Alex Yakubovich set out to reinvent the request for proposals (RFP) process with the launch of Scout RFP … Lees verder op Tech Meme