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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Nuro lands $500M for self-driving delivery

, a developer of electric self-driving road vehicles that transport goods instead of people, that it is raising $500 million in a Series C round of funding.

led the financing for the Mountain View, Calif.-based company, with participation from new investors including and . The round also includes existing investors such as SoftBank Vision Fund 1 and .

Nuro last raised $940M in February 2019 for its Series B. The company develops and operates a fleet of self-driving vehicles that are built to deliver local goods of all kinds, from pizza to prescriptions.

SoftBank Vision Fund boosted by tech valuation gains

SoftBank Group聽 reported $6.1 billion in quarterly profit in a Monday , lifted by a broad gain in tech valuations, which took its mammoth back into positive territory.

The firm booked a gain of 1.04 trillion yen ($9.1 billion) in the quarter from investments via its two Vision Funds, which largely reflected unrealized gains from聽 higher valuations for portfolio companies. The figure compared with a loss of 944 billion yen ($9 billion) a year earlier.

Gains for the Vision Fund, however, were reportedly offset by a $1.3 billion hit from bets on technology stocks and derivatives.

Adobe plans acquisition of Workfront for $1.5B

San Jose, California-based said Monday that it plans to acquire Lehi, Utah-based in a $1.5 billion deal that would expand the tech giant鈥檚 reach to marketers who use the startup鈥檚 software.

The deal, expected to close between year end and February 2021, will fold Workfront鈥檚 3,000 corporate customers and 1 million users into Adobe, according to a

Adobe already integrates several of its products with Workfront鈥檚 platform. Workfront has raised a total of in funding over rounds, according to Crunchbase data. Their latest funding was raised on from a round.

Other News

• Stocks surge on vaccine news, but not all:聽 U.S. markets were on Monday, as investors cheered trial data from drugmakers Pfizer and BioNTech indicating their Covid-19 vaccine is 90% effective. However, amid the overall rise, some stocks, particularly companies offering services like at-home fitness and online meetings, .

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