Backdrop app leverages social media to help users find great destinations – TechCrunch


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Hello and welcome to Daily Crunch for September 28, 2021. Many thanks to all of you for responding to yesterday’s TechCrunch + name change. It was a real treat. Next up for TechCrunch is our SaaS-focused killer event, which you can save money on here. I’m hosting, so I promise a suite of mid-grade jokes to accompany the day’s panels and discussions. It’s going to be a real good time! – Alexis

The Top 3 TechCrunch

  • Amazon publishes a metric mass of material: Including a robot, it turned out. The company also ditched a video calling device as well as a portable fitness device. The company’s $ 999 Astro robot is gaining the most attention today, but the company’s list of new hardware was long. In the wake of the Microsoft Surface event, it’s important to remember that every major software company also has a hardware effort.
  • The Rivian EV truck is good: TechCrunch’s Inimitable Transportation Guru Kirsten korosec has notes on the 2022 Rivian R1T electric truck on the blog today, and she’s overwhelmingly impressed. What did she like? Terrain flexibility, acceleration speed and internal details. Not to mention that the R1T is “not a delicate flower” despite its high-end finishes.
  • The huge opportunity of climate technology: Korosec recently dropped another major article, this one focusing on “the huge challenges and abundant opportunities” for startups amid the growing climate crisis. Startups have shown a strong ability to generate software revenue. Maybe pushy tech companies will also play a part in preserving our planet – our home! – cool in the years to come.

Startups / VC

Before getting too deep into today’s venture capital roundup, TechCrunch took a look at the third quarter venture capital results, detailing the five questions that matter most to us. These include what’s going on with venture capital investments in China, what Latin American counts will tell us about the spread of startup activity in the region, and more.

  • TechCrunch Tagus Kene-Okafor dig in background, a startup that has created a “photo sharing app that merges technology, social media and travel”, asking us if we really need another mobile app to help us find beautiful places while we let’s travel. Maybe Instagram has some real competition on the horizon?
  • Highnote wants to face Marqeta: The world of card issuing is busy – more here from TechCrunch + – and is about to get busier. With $ 54 million in capital, Highnote just dropped its stealth label and showed the world what it is building, which is what we have described as a way to enable “any business of any size.” size to easily provide virtual payment cards to its customers ”.
  • Stark wants to make software more accessible: It’s not just Microsoft that is busy making technology products more accessible. Stark is developing technology to help many companies get started. The company’s product is now in a private beta, allowing users to upload designs, which Stark will then analyze to identify possible accessibility issues and suggest possible changes. Costs!
  • Heydoc raises $ 8.3M for medical data management: Heydoc’s work to build a ‘medical data and administrative data management system’ that healthcare workers face all the time is now up to date and aims to move out of its current UK market to d ‘other regions.
  • Today’s Tiger sleeve is Lifebit: Another day, another huge check from Tiger. This time it’s Lifebit, which is working to provide access to biomedical data that could aid in drug discovery. It reminds me a bit of what Cellino does, albeit from a different perspective. See, no all startups need to build enterprise-focused software. What a pleasure to remember it!
  • Rize raises $ 11.4 million for integrated fintech, with a twist: Integrated banking solutions are quite common these days. In his opinion, what sets Rize apart is a method of uniting different types of accounts under one user profile. Synthetic accounts, in its own verbiage.

What form of venture capital debt should your startup choose?

Startup founders have more options than in the past when it comes to fundraising, in large part thanks to excess cash. Besides traditional venture capital, crowdfunding, venture banks, and risk debt funds are all viable options.

In a detailed look at risky debt options, Andy Weyer, Managing Director of Technology at Runway Growth Capital, shares three use cases illustrating how debt capital can benefit borrowers who hope to retain leverage for them. next rounds or access working capital.

“Think of the availability of capital as a spectrum, from low risk and low return (venture banks) to high risk and high return (venture capital), with risk debt funds somewhere in the middle. “, advises Weyer.

(TechCrunch + is our membership program, which helps startup founders and teams get ahead. You can register here.)

Big Tech Inc.

  • Today, in the app store drama, Microsoft: The noise and fury of participation rates and the level of openness of application markets took on a new tone today with the news from Microsoft. The Redmond-based software giant’s store will now allow third-party storefronts. If this is more of a drastic change than a public relations effort, we leave it to you.
  • Blue Prism sells for £ 1.095 billion: The RPA market is seeing some consolidation, it seems, following the IPO of UiPath. Vista is buying Blue Prism for just under £ 1.1 billion, with the intention of uniting the company with another of its own holding entities. Blue Prism is a public company, so you should have heard of it.
  • And finally, Cloudflare takes on AWS: Cloudflare is best known for its content delivery work, not to provide the kind of cloud infrastructure that Amazon’s AWS is known to sell. And yet, Cloudflare intends to sting the dragon with R2, an upcoming service from the public company that will take over Amazon’s S3 storage product. Notably, R2 will remove data egress fees, possibly putting Amazon in something akin to a pricing predicament.

TechCrunch Experts: Growth Marketing

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