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


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Hello and welcome again to Daily Crunch for September 28, 2021. An enormous thanks to y’all for the response to yesterday’s TechCrunch+ rebrand. It was an actual deal with. Next up from TechCrunch is our killer SaaS-focused occasion, which you can save some money on here. I’m internet hosting, so I promise a retinue of medium-quality jokes to go together with the day’s panels and chats. It’s going to be an actual good time! — Alex

The TechCrunch Top 3

  • Amazon releases a metric fuckload of hardware: Including a robot, it turned out. The firm additionally dropped a video calling device alongside with a fitness wearable. The company’s $999 Astro robot is driving essentially the most consideration at the moment, however the firm’s record of latest {hardware} was intensive. On the heels of the Microsoft Surface occasion, it’s essential to do not forget that each main software program firm additionally has a {hardware} effort.
  • The Rivian EV truck is good: TechCrunch’s inimitable transportation guru Kirsten Korosec has notes on the 2022 Rivian R1T electrical truck on the weblog at the moment, and she or he’s largely impressed. What did she like? Terrain flexibility, acceleration velocity and inner particulars. Not to point out that the R1T is “no delicate flower” regardless of its premium finishes.
  • The huge opportunity in climate tech: Korosec dropped one other main piece lately, this one targeted on the “enormous challenges and abundant opportunities” for startups amid the rising local weather disaster. Startups have proven a powerful capability to drive software program revenues. Perhaps upstart tech firms will even play a job in conserving our planet — our residence! — cool within the coming years.

Startups/VC

Before we get too deep into the day’s enterprise capital roundup, TechCrunch took a look ahead to the third quarter’s venture capital results, detailing the 5 questions we’re most interested by. Those embody what’s up with enterprise funding in China, what Latin American tallies will inform us concerning the unfold of startup exercise within the area and extra.

  • TechCrunch’s Tage Kene-Okafor dug into Backdrop, a startup that has constructed a “photo-sharing app that merges tech, social media and travel,” asking if we actually want one other cellular software to help us find attractive locations whereas we journey. Perhaps Instagram has actual competitors on the horizon?
  • Highnote wants to take on Marqeta: The world of card issuance is a busy one — more here from TechCrunch+ — and is about to get busier. Flush with $54 million in capital, Highnote simply dropped its stealth tag and confirmed the world what it’s constructing, specifically what we described as a approach to make it “easy for any company of any size to provide virtual payment cards to their customers.”
  • Stark wants to make software more accessible: It’s not just Microsoft that’s busy making know-how merchandise extra accessible. Stark is constructing tech to help a number of firms get in on the work. The firm’s product is now in personal beta, permitting users to add designs, which Stark will then parse to establish potential accessibility points together with suggesting potential adjustments. Cool!
  • Heydoc raises $8.3M for medical data management: Heydoc’s work to construct a “system for managing the medical data and admin tasks” that healthcare employees run into on a regular basis is now flush and has designs to get away of its present market within the U.Okay. to different locales.
  • Today’s Tiger round is Lifebit: Another day, one other big test from Tiger. This time it’s Lifebit, which works to present entry to biomedical information that might help in drug discovery. This jogs my memory a little bit of what Cellino is up to, albeit from a special angle. See, not all startups have to construct enterprise-focused software program. How good to be reminded of that!
  • Rize raises $11.4M for embedded fintech, with a twist: Embedded banking options are fairly frequent lately. What units Rize aside, in its view, is a technique of uniting totally different account varieties beneath a single consumer profile. Synthetic accounts, in its personal verbiage.

 Which type of enterprise debt ought to your startup go for?

Startup founders have extra choices than in years previous when it comes to fundraising, thanks largely to a surplus of liquidity. Besides conventional VC, crowdfunding, enterprise banks and enterprise debt funds are all viable choices.

In an in depth overview of enterprise debt choices, Andy Weyer, managing director of know-how at Runway Growth Capital, shares three use instances depicting how debt capital can profit debtors hoping to retain leverage for future rounds or entry working capital.

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

(TechCrunch+ is our membership program, which helps founders and startup groups get forward. You can sign up here.)

Big Tech Inc.

  • Today in application store drama, Microsoft: The sound and fury of app marketplaces’ take charges and degree of openness took on a brand new tune at the moment with information from Microsoft. The Redmond-based software program big’s retailer will now permit for third-party storefronts. If that is extra sea change than PR effort, we depart to your discretion.
  • Blue Prism sells for £1.095B: The RPA market is seeing some consolidation, it seems, within the wake of the UiPath IPO. Vista is shopping for Blue Prism for just below 1.1 billion kilos, with an intention to unite the corporate with one other of its personal portfolio entities. Blue Prism is a public firm, thoughts, so it is best to have heard of it.
  • And, finally, Cloudflare takes on AWS: Cloudflare is greatest identified for its content material supply work, not for offering the type of cloud infra that Amazon’s AWS is legendary for promoting. And but Cloudflare intends to poke the dragon with R2, a forthcoming service from the general public firm that can tackle Amazon’s S3 storage product. Notably, R2 will delete information egress charges, maybe placing Amazon into one thing akin to a pricing tight spot.

TechCrunch Experts: Growth Marketing

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