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Hello and welcome to the Daily Crunch on Friday March 4th, 2022! It’s Friday y’all, which means this newsletter is full of good vibes and impending relaxation. Of course there is a lot to do before the weekend, so have a look latest from Early Stage (will rock) and TC Sessions: Mobility (will roll) and we can get into it! – Alex
The TechCrunch Top 3
Startups and VCs
The corporate venture world isn’t the only place where more funds are popping up. The influencer area is different. So it should come as no surprise that the The D’Amelio family has put together their own fund with $25 million to invest. Who is the D’Amelio family? Well, it’s Charli and Dixie, two super famous social media personalities. If this confuses you, ask your children.
- Rotate the pivot: Turtle has another new idea. The company started out as a company serving the e-scooter rental market. Then it built delivery robots. Now it’s turning those robots into mobile businesses. I love it when a startup shakes the vision and tries something new. So if I see a turtle bot/shop I’ll try and buy some of it.
- Are flying taxis finally coming?? Volocopter believes so, and its investors agree. The southern German company just raised $170 million at a valuation of $1.87 billion. Which means there is a lot of Driving on the concept of vertical take-off taxis.
- Self-service truck rental is risk-financed! TechCrunch previously reported on Fetch, a company that wants to make it easier for consumers to rent a truck or van without having to drive to the airport. Now the company has raised $3.5 million for its deal, which should help Fetch catch and return (buy and stake?) a lot more wheels.
- AssemblyAI raises $28 million: There is a lot of work going on in the audio area because it is about computer intelligence. There are Deepgram for exampleunder other players like Otter.ai. AssemblyAI, now brimming with new capital, provides an API for what we call “transcribe, summarize, and otherwise find out what’s going on in thousands of audio streams simultaneously.”
- Blocknom brings crypto tools to Southeast Asia: Okay, so Coinbase. You know it. It is a place where you can buy and sell crypto tokens. It is Even a place where you can “stake” your tokens and get paid for them. Blocknom – I assume a portmanteau of “blockchain om nom nom”, right? – wants to bring this service to Southeast Asia. And it just raised half a million for its efforts.
- Popchew helps creators cook: Back to the social media/influencer world: Popchew. The company “has compiled a list of ingredients for infrastructure and restaurant partnerships so creators can build, launch and grow their own local, digitally native food brands,” reports TechCrunch. This includes, as we note, a bitcoin pizza. Which is a joke you get or not. Regardless, the company just raised $3.6 million for its efforts. So it must have found a, um, tasty niche in the market.
TechCrunch’s equity podcast turns five this month and said goodbye to one of its founding members last week. Here’s the episode that mentions both of them.
4 essential elements required for production OSS to run smoothly
Open source software gives companies a lot of leeway when it comes to building a tech stack that suits their needs, but it also means dealing with software created by multiple companies and individuals.
In a detailed guide, Shaun O’Meara, Global Field CTO at Mirantis, guides readers through the four basic elements for using OSS in production:
- To stay updated
- Prepare your team to interact with the code source
- Accepting that doing everything alone can be impossible
(TechCrunch+ is our membership program that helps founders and startup teams get ahead. Here you can sign up.)
- Box strikes back: After a tumultuous year, Box made a comeback of sorts with results that exceeded expectations and gave investors something to buy. It is trading near record levels after struggling through a grueling proxy battle.
- Sony and Honda want to build electric cars together: What is a MOU or Memorandum of Understanding? It’s like the diet version of an LOI or a statement of intent. And what is an LOI? It’s like the diet version of a contract. Anyway, Sony now has a letter of intent with Honda to explore the possibility of building cars together. Let’s see if they hit the market.
- Disney is planning an ad-supported Disney+ tier: Disney+ grew very, very quickly when it launched. Now, the parent company appears to have prepared a second foray into expanding its user base, this time with an ad-supported option.
- Twitter is getting into podcasts: Everyone’s favorite social media hellscape is building a podcast tab. So if you don’t want to listen to podcasts, which is where you currently do, do you have more options? Exactly how this ties into Twitter Spaces should prove interesting.
- Nvidia passwords leaked: TechCrunch has been delving into the Nvidia hack-and-ransom story for a while, and the latest in the saga comes in the form of leaked passwords. There’s a lot more data at risk, so keep an eye on how Nvidia is handling the situation.
TechCrunch is recruiting recruiters for TechCrunch Experts, an ongoing project where we interview top experts on issues and challenges common to early-stage startups. If this is you or someone you know, please let us know here before the poll closes at 11:00 p.m. ET today.
Ransomware group threatens to release Nvidia’s ‘most closely guarded secrets’ – TechCrunch Source link Ransomware group threatens to release Nvidia’s ‘most closely guarded secrets’ – TechCrunch