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Hello and welcome to Daily Crunch for July 22, 2021. Today we have a lot of news for you, but with a noticeable twist. Normally we have a lot of news on startups and a few notes from big tech companies. Today we have a lot of both, so buckle up.
In addition, US Secretary of Transportation Pete Buttigieg comes to Disrupt. Because TechCrunch covers the worlds of micromobility, actual mobility, and the future of transit, we have a few questions for humans. – Alexis
The Top 3 TechCrunch
- Gopuff raises: TechCrunch today announced that Gopuff, the delivery company backed by SoftBank, is raising more capital. Our sources say $ 1 billion for an estimate of about $ 15 billion. Axios confirmed the news. Potential funding will follow in the wake of a lot of capital raised for the instant delivery grocery store around the world.
- The Canadian venture capital market is hotter than the sun: TechCrunch’s exploration of global, American, Indian, European and Latin American startup markets continued today with a look to North America. Turns out, Canadian startups are having a hell of a year when it comes to landing big venture capital rounds.
- Internet broke down. Here’s why: Akamai’s DNS system hit a pothole today, wiping out quite a bit of the internet. Lots of things broke, including the Couchbase website just as Yours truly was preparing to chat with its CEO about its recent IPO (more here). Things are back to normal now, but remember the Internet is not a tube series. It’s a series of leaky tubes held together with duct tape.
Startups / VC
Let’s talk about startups. Today we have everything from passwordless technology to new venture capital funds and a robotics roundup. But if you need even more, here’s Mike Duboe from Greylock on how to define growth and build your team.
- Mindtech Raises $ 3.25 Million For Synthetic Human Observation: No really, that’s what he does. The UK-based company’s department wants to train CCTV cameras on digital humans, relieving customers of thorny privacy concerns. Is this one of those times when venture capital money seems to flow into some crazy idea?
- Sendlane wants you to spend more: Sendlane, which now has $ 20 million in new capital, wants to help its customers use the data on their customers to help retain buyers and spend more. I would call it a little scary but then I would sound like the Luddite that I am.
- All Raise is launching a virtual bootcamp for women and non-binary founders: While venture capital funding is reaching new heights, it is not reaching everywhere equally. In fact, some data sources indicate that VC is in fact less and less diverse this year. All Raise wants to push this back by helping more founders other than those who look like me raise funds. Good.
- Magic Raises $ 27 Million to Get Rid of Passwords: Magic, a startup that will spend a lifetime trying to live up to its name, has just raised a huge amount of money to pursue its vision of a future less focused on passwords. Its technology allows developers to “implement a variety of passwordless authentication methods with just a few lines of code,” TechCrunch reports.
- What’s got a five letter name and $ 3 billion more? Unfortunately, it’s neither you nor me. It’s Index! The venture capitalist raised new money worth just under $ 3 billion, a lot more money than it raised, uh, a year ago . Hot Startup Summer is made possible by the decade of hot zero interest rate policy, which in turn helps fuel the hot liquidity season, leading every venture capital firm to raise enough money to make losing sleep to his general practitioners. Fun!
And for your robotics fans, TechCrunch has a new take on the industry here. Enjoy!
Last mile delivery to Latin America is ready to take off
Thanks to sprawling distribution centers, seamless logistics networks, and ubiquitous internet access, consumers in many regions are now ordering groceries and a new set of cookware during breakfast and can reasonably be expected to save. expect everything to arrive in time for dinner.
In Latin America, the lack of technological infrastructure makes delivery operations less complex – products are delivered from a retailer’s loading dock to a customer’s front door – but these supply chains are often managed with worksheets, paper and pen.
Algorithms that manage delivery routes or automatically dispatch drivers “are almost unknown in the retail logistics industry in Latin America,” says Bob Ma, investor at WIND Ventures.
But thanks to growing consumer demand and increased investment in last-mile delivery startups, Ma says the region is at a turning point.
Since Latin America’s middle class has grown by 50% over the past decade and e-commerce accounts for only 6% of all retail businesses, several unicorns have appeared in recent years, with more than waiting backstage.
(Extra Crunch is our membership program, which helps founders and startup teams move forward. You can register here.)
Big Tech Inc.
Let’s start with transportation news, then talk about the rest of Big Tech.
Daily Crunch asked transportation guru TechCrunch and generally serious person Kirsten Korosec why there was so much news today of his pace. “I don’t know why, stop it,” she joked, before adding that she “can say that with so many automakers committing to switch to all power lines, we can we expect more announcements on how they plan to ensure they have battery capacity and other raw materials.
Here’s the news:
- Rivian is targeting the second plant: After production delays, electric vehicle company Rivian sees the future in the form of another factory. The company admitted that it was looking for a second factory. Our reading? This electric car thing doesn’t slow down.
- Talking about that, Tesla to source nickel directly from raw materials giant BHP. It will be the Hunger Games for raw materials for electric cars if the market goes as expected. Tesla wants to make sure he doesn’t run out of supplies.
- What request are we talking about? Well, Mercedes will build eight – eight! – battery factories. Now that we’ve read the news, the idea makes sense, but it still got us thinking and pondering its implications. The days of the internal combustion engine are drawing to a close.
- Uber buys Transplace for $ 2.25 billion: To complete our mobility assessment, Uber is moving with its checkbook, this time buying Transplace, a digital logistics company, for a few billion. The effort will fit into Uber’s broader freight aspirations. The company said it intended to achieve adjusted profitability this year.
- Meanwhile, Waymo announced the opening of an office in Pittsburgh, where it will certainly put even more pressure on an already competitive talent recruitment process.
And the rest of the world of giant tech companies:
- Spotify and Giphy join forces: Um, did you want GIFs in your music player? Well, good news if so: Spotify has “a new partnership with the online GIF database GIPHY to enable the discovery of new music through GIFs”. Costs?
- Microsoft acquires CloudKnox: Microsoft’s efforts to provide cash returns to all cybersecurity-focused venture capitalists continued today, with the Redmond-based software giant buying CloudKnox. This is the fourth deal This year for a small Microsoft startup focused on cybersecurity.
- Visa purchases Currencycloud: Visa, which is probably still suffering a little from its inability to buy fintech API provider Plaid, is in the process of buying other companies. This time it’s Currencycloud, which builds other Fintech API. All kidding aside, the deal will bring the smallest company’s money and currency transfer technology to Visa for just under $ 1 billion.
TechCrunch Experts: Growth Marketing
We reach out to startup founders to tell us who they turn to for the most up-to-date growth marketing practices. Complete the survey here.
Read one of the testimonials we received below!
Trader: Adam DuVander, EveryDeveloper
Recommended by: Karl Hughes, Draft.dev
Testimony: “In addition to writing a book on developer marketing, Adam draws on extensive experience as a developer and developer advocate to ensure his clients have a winning strategy in place.”