Today’s widespread internet outage ‘not a result of a cyberattack,’ says Akamai – TechCrunch

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Hello and welcome to Daily Crunch for July 22, 2021. Today we’ve got a lot of information for you, however with a notable twist. Normally we’ve got heaps of startup information and a few notes from Big Tech firms. Today we’ve got a lot from each, so strap in.

Also, U.S. Secretary of Transportation Pete Buttigieg is coming to Disrupt. Because TechCrunch covers the worlds of micromobility, mobility correct and the longer term of transit, we’ve got a few questions for the person. — Alex

The TechCrunch Top 3

  • Gopuff is raising again: TechCrunch broke the information as we speak that Gopuff, the SoftBank-backed supply firm, is elevating extra capital. Our sources say $1 billion at round a $15 billion valuation. Axios confirmed the information. The potential funding will observe within the wake of heaps of capital raised for instant-delivery grocery around the globe.
  • Canada’s venture capital market is hotter than the sun: TechCrunch’s exploration of the worldwide, U.S, Indian, European and Latin American startup markets continued as we speak with a take a look at North North America. It seems that Canadian startups are having fun with one hell of a yr on the subject of touchdown huge enterprise rounds.
  • The internet went down. Here’s why: Akamai’s DNS system hit a pothole as we speak, taking down a fairly huge chunk of the internet. Lots of stuff broke, together with the Couchbase web site proper as your humble servant was prepping to talk with its CEO about its latest IPO (extra here). Things are again to regular now, however don’t neglect that the internet will not be a sequence of tubes. It’s a sequence of leaky tubes held along with duct tape.


Let’s discuss startups. Today we’ve got every thing from passwordless tech to new enterprise funds and a robotics roundup. But when you want much more, right here’s Greylock’s Mike Duboe explaining how to define growth and build your team.

  • Mindtech raises $3.25M for synthetic human watching: No actually, that’s what it does. The U.Ok.-based firm’s service desires to coach CCTV cameras on digital people, saving clients from knotty privateness points. This is one of these occasions when enterprise capital {dollars} seem like flowing to an really kinda wild concept?
  • Sendlane wants you to spend more: Sendlane, now flush with $20 million in new capital, desires to assist its clients use knowledge on their clients to assist preserve buyers loyal and spend extra. I’d name this barely creepy however then I’d sound just like the luddite that I’m.
  • All Raise launches virtual bootcamp for women and nonbinary founders: As enterprise funding races to new heights, it’s not touchdown in every single place equally. In truth, some knowledge sources point out that VC is definitely getting much less various this yr. All Raise desires to push again on that by serving to extra founders apart from of us who look like me elevate capital. Good.
  • Magic raises $27M to get rid of passwords: Magic, a startup that may spend its life attempting to reside as much as its identify, simply raised a enormous quantity of cash to pursue its imaginative and prescient of a much less password-focused future. Its tech permits builders to “implement a variety of passwordless authentication methods with just a few lines of code,” TechCrunch reviews.
  • What has a five-letter name and 3 billion more dollars? Sadly, it’s not you or me. It’s Index! The enterprise capital agency has put collectively new funds price slightly below $3 billion, a huge chunk more cash than it raised, er, a year ago. Hot Startup Summer is being made potential by Hot Zero Interest Rate Policy Decade, which in flip helps gas Hot Bored Cash Season, main to each enterprise capital agency elevating sufficient cash to trigger their GPs to lose sleep. Fun!

And to your robotics followers on the market, TechCrunch has a new digest from the industry here. Enjoy!

Last-mile supply in Latin America is able to take off

Thanks to sprawling success facilities, seamless logistics networks and ubiquitous internet entry, customers in lots of areas now order groceries and a new set of cookware throughout breakfast and may fairly count on every thing to reach in time for supper.

In Latin America, a lack of expertise infrastructure makes supply operations much less advanced — merchandise are delivered from a retailer’s loading dock to a buyer’s entrance door — however these provide chains are sometimes managed with spreadsheets, paper and pen.

Algorithms that handle supply routes or mechanically dispatch drivers “are almost unheard of in the Latin America retail logistics sector,” says Bob Ma, an investor at WIND Ventures.

But due to rising shopper demand and increasing funding in last-mile supply startups, Ma says the area is at a turning level.

Since Latin America’s center class has grown 50% within the final decade and e-commerce constitutes simply 6% of all retail, a number of unicorns have emerged in recent times, with extra ready within the wings.

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

Big Tech Inc.

Let’s begin with transportation information after which discuss the remaining of Big Tech.

Daily Crunch requested TechCrunch transportation guru and usually sterling individual Kirsten Korosec simply why there was a lot information as we speak from her beat. “I have no idea why, just make it stop,” she joked, earlier than including that she “can say that with so many automakers making commitments to move to all electric lines, we can expect more announcements about how they plan to ensure they have battery capacity and other raw materials.”

Here’s the information:

  • Rivian sets sights on second factory: Fresh off manufacturing delays, EV firm Rivian is planning for the longer term within the kind of one other manufacturing facility. The firm admitted to being within the course of of searching for a second plant. Our learn? This electrical automotive factor will not be slowing down.
  • Speaking of which, Tesla will source nickel directly from commodity production giant BHP. It’s going to be the Hunger Games on the market for the uncooked supplies wanted for electrical vehicles if the market evolves as it’s anticipated to. Tesla desires to verify it doesn’t lack provides.
  • How a lot demand are we speaking about? Well, Mercedes is going to build eight — eight! — battery plants. Now that we’ve learn the information, the thought is sensible, nevertheless it nonetheless made us sit up and think about its implications. The days of the interior combustion engine are coming to an finish.
  • Uber buys Transplace for $2.25B: Rounding out our mobility rundown, Uber is making strikes with its checkbook, this time shopping for Transplace, a digital logistics firm, for a few billion. The effort will match into Uber’s bigger freight aspirations. The firm has stated that it intends to succeed in adjusted profitability this yr.
  • Meanwhile, Waymo announced it is opening an office in Pittsburgh, the place it is going to actually put much more stress on an already aggressive expertise recruiting course of.

And from the remaining of the world of big tech firms:

  • Spotify and Giphy team up: Er, have you ever needed GIFs in your music participant? Well, excellent news in that case: Spotify has “a new partnership with online GIF database GIPHY to enable discovery of new music through GIFs.” Cool?
  • Microsoft buys CloudKnox: Microsoft’s push to offer money returns to each cybersecurity-focused enterprise capitalist continued as we speak, with the Redmond-based software program big shopping for CloudKnox. It’s the fourth deal this yr for a smaller cybersecurity-focused startup from Microsoft.
  • Visa buys Currencycloud: Visa, seemingly nonetheless stinging barely from its incapability to purchase fintech API supplier Plaid, is busy shopping for different firms. This time it’s Currencycloud, which builds different fintech APIs. Jokes apart, the deal will deliver the smaller firm’s remittance and currency-transfer tech into Visa for slightly below $1 billion.

TechCrunch Experts: Growth Marketing

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