Hello and welcome to the Daily Crunch on November 5, 2021! We did it, everyone, good Friday. Don’t forget to take off to our next space event before we hit exit speed and leave you behind! And have a relaxed weekend. We are all a little tired. – Alexis
The Top 3 TechCrunch
- How Cruise intends to make robotaxis a commercial reality: Curious as to why we don’t ride around in computer driven cars yet, taking the time to wonder if right turns at red lights are allowed? Me too. The answer is, to get to this point it takes a lot more work than people realize. Cruise turns to simulators and custom silicon for his own efforts. Hope they cracked it. I hate to drive.
- HashiCorp’s IPO details an open source powerhouse: It’s always fun to chat with companies that create open source code. Once a quirk, many startups today are working on and with open code. HashiCorp followed the trend until it filed for an IPO, which we were more than excited to read.
- $ 500M + for the commercial merger: While we talk about delicate technological challenges like self-driving cars, let’s talk for a moment about fusion. Helion Energy has just raised $ 500 million for its efforts to extract energy from fusion reactions, with an additional $ 1.7 billion in prospect if it manages to hit certain milestones. The question, TechCrunch notes, is whether the company can squeeze more power from its fusion technology than it takes to operate. Let’s see.
Startups / VC
Before we get into the specific news, if it looks like today’s venture capitalists are putting more capital to work, faster, while getting smaller stakes in global startups, you’re right. ! The question is whether they are growing faster.
- Lime increases the pre-IPO turn: Now that Bird is a public company, it seems very fitting that its former rival Lime is also preparing its own public offering. The green-branded scooter and e-bike company just released $ 523 million in new financing, including $ 418 million in convertible debt. Let’s see if Lime can scooter its way to an IPO in no time.
- More money for autonomous driving technology: Speaking of nine-figure tricks for the things on the move, Momenta just added $ 500 million to its own coffers. China’s autonomous driving technology company previously raised $ 300 million in a round it just extended. That’s a lot of ducks. At this point, I’m curious whether we’ve seen north of $ 100 billion invested privately to address this particular technological challenge.
- The new DJI drone is good, expensive: Drone technology has come in leaps and bounds in recent years, improving in almost every strata that interests us. Our own Matt Burns confirms this in his review of the new DJI Mavic 3. Unfortunately, it costs north of $ 2,000, so it will fly out of the hands of most consumers.
- Thirteen Lune raises $ 3M, in partnership with a major American distributor: The beauty market is big business, and Thirteen Moon is bringing its beauty platform direct to consumers with a partnership with Target. The deal prompted TechCrunch to sit down and take note of the funding and the company’s progress.
- Today under good names of startups, we present you MilkRun: Whether you buy milk by the gallon or by the dozen gallons, we all eat and drink every day. MilkRun wants to feed you with its “subscription service providing weekly groceries from small local farms,” TechCrunch reports. Now at the level of a Series A of $ 6 million, the startup hopes to extend its growth which has enabled it to multiply its revenues by 15 in 2020.
- And if you want TechCrunch to pick up on recent venture capital data about female founders, we’ve got the podcast for you.
The Holiday Shopping Season Is Coming: How Are Growth Marketers Preparing?
With just three weeks to go into the holiday shopping season, Miranda Halpern spoke to several growth marketers to find out how they are advising their customers to prepare for supply chain disruptions.
Freighters are stacked outside ports and empty shipping containers are scarce, as are truck drivers who would bring them to market. Now is not the time to do business as usual.
For tips and ideas, she interviewed:
- Julio Lopez, Director of Customer Strategy, Head of Retail Practices, Movable Ink
- Chris Toy, CEO and Co-Founder, Marketer Hire
- Kristin Dick, Head of Operations and Growth Marketing, Tuff
- Dipti Parmar, Founder, Dipti Parmar Consulting
(TechCrunch + is our membership program, which helps startup founders and teams get ahead. You can register here.)
Big Tech Inc.
- Don’t be surprised that Tencent makes its own chips: So argues our own Rita Liao, who does a killer job on the Chinese beat. The Chinese tech giant got a stock market boost this week when it showcased new chips under its own imprint. With news from Cruise and Tencent this week on the silicon front, perhaps we should expect every company above a certain market cap to have their own chips coming up in the future.
- “A flagship framework used by Google and dozens of other advertisers to collect Internet users’ claimed consent for frightening ad targeting appears to be in breach of the European General Data Protection Regulation (GDPR),” writes our own Natasha Lomas, our reporter on the pace of EU privacy. It turns out that one method of collecting consent to comply with GDPR is not compliant.
TechCrunch wants you to recommend growth marketers with expertise in SEO, social, content writing, and more! If you are a growth marketer, pass this survey on to your clients; we would like to know why they liked working with you.
If you’re curious about how these surveys are shaping our coverage, check out this article on TechCrunch + by Miranda Halpern, “The Holiday Shopping Season Is Coming: How Are Growth Marketers Preparing?” “