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Hello and welcome to Daily Crunch for July 7, 2021! Today was a doozy, with every thing from international startup fundraising information to frivolous lawsuits attacking tech corporations all the method again to European unicorn liquidity. Hope you’re prepared! Also, Early Stage is tomorrow. See you there! — Alex
The TechCrunch Top 3 5
- Former U.S. president needs money: The earlier U.S. president, Donald Trump, made a laughingstock of himself at this time by asserting lawsuits towards main social media corporations. His arguments had been immediately ridiculed. But Trump is already fundraising off his try to slander non-public corporations, the media and customarily anybody who doesn’t bow to his needs. That’s what at this time’s brouhaha was truly about.
- Why Microsoft’s big cloud deal fell apart: We famous yesterday that the large Microsoft-U.S. army cloud deal was kaput. Today, Ron Miller defined why, particularly that by looking for a single vendor for the $10 billion deal, it was doomed from the begin. Maybe the Department of Defense can determine a multicloud strategy. I wager there are a few startups prepared to assist if that’s the case.
- India’s bonkers startup ecosystem: TechCrunch’s Manish Singh has been a pressure of nature since he joined, overlaying the Indian startup market with verve. Today he wrote “Dispatch from Banaglaore.” It’s superb. Details embrace that India produced 16 unicorns this 12 months and that its startups raised $10.46 billion in the first six months of 2021. Wild.
- How European unicorns are looking for exits: U.S. corporations are going public. European corporations are going public. Chinese corporations had been going public. But the SPAC increase appears to be largely an American affair. Is that set to vary? TechCrunch investigates.
- $100M for mmhmm: Remember mmhmm, the startup that made neat Zoom instruments earlier in the pandemic? It simply raised a $100 million spherical. That’s a pile of ducats for the firm. Let’s see what it could do with 9 figures price of capital. Also, Darrell’s headline was beautiful for this piece — we awarded him 10 factors.
Sure, we needed to develop the TechCrunch Top 3 to 5 entries, however that doesn’t imply that there wasn’t one other mountain of information to cowl. Here’s your startup and enterprise capital spotlight reel:
- Turning IRL surgery into a VR game: News broke at this time that Osso VR, a San Francisco-based startup, raised $27 million to “upend modern surgical instruction with a virtual-reality-based solution that allows surgeons to interact with new medical devices in 3D space.” That means we will prepare extra surgeons sooner, proper? If so, that is excellent news.
- In which Alex tried to cover developer tools. Again. Today r2c, a startup that’s constructing a SaaS service round the Semgrep open-source venture, raised a preemptive Series B. I wrote about it, attempting to elucidate a developer cybersecurity instrument in the course of. I give myself a B-, largely for effort. The spherical is cool, although.
- Today’s Tiger deal is Unit21: It wouldn’t be a weekday with out a Tiger-led deal, proper? Unit21 introduced that the ever-present investing group led a $34 million Series B into its enterprise, valuing it at round $300 million. The no-code, anti-fraud startup raised its Series A lower than a 12 months in the past.
- Opioid-treatment apps are being a bit too free with their data collection: TechCrunch was not enthused.
Pakistan’s rising tech ecosystem is lastly taking off
So far this 12 months, startups in Pakistan are on monitor to lift greater than in the earlier 5 years mixed, in accordance with Mikal Khoso, an early-stage investor at Wavemaker Partners.
“Even more excitingly, a large portion of this capital is coming from international investors from across Asia, the Middle East and even famed investors from Silicon Valley,” he notes in a visitor publish for Extra Crunch.
He’s recognized three components which might be fueling investor curiosity: quickly increasing cellular connectivity, an improved safety scenario, and demanding authorized and regulatory modifications which might be making the nation extra startup- and VC-friendly.
Drawing a map of Pakistan’s tech ecosystem, Khoso identifies native corporations attempting to seize a slice of grocery supply, e-commerce, ride-hailing and different sectors earlier than analyzing the challenges nonetheless in place.
“The segments in Pakistan that are likely to attract the best entrepreneurs and most investor capital in the years to come will be fintech, e-commerce and edtech,” says Khoso.
(Extra Crunch is our membership program, which helps founders and startup groups get forward. You can sign up here.)
Big Tech Inc.
Still right here? Good. There’s much more information to get by way of. Let’s speak large corporations:
- Satellite SPACs are right here: Beep beep beep everybody, both Satellogic and Planet are going public by way of blank-check corporations. Sure, you’re drained of SPACs. But these offers are out of this world! Har har har.
- $200M for Outbrain before it goes public: Ye olde bridge spherical remains to be a factor, it seems. Outbrain, which TechCrunch described as “an adtech company that provides clickbait ads below news articles,” put collectively a big spherical earlier than its personal debut.
- India’s tech oversight is shaking up: Keep a watch on what comes subsequent.
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