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Hello and welcome to Daily Crunch for October 18, 2021. Yes, it was an Apple event day, so we have a stack of covers for you to enjoy below. But we too have a mess of startup stories and some IPO notes to boot. Let’s go! – Alexis
The Top 3 TechCrunch
- Here’s everything Apple announced today: Apple’s event included new AirPods, new MacBook Pros, new chips – the lot. If you’re in the market for a new Apple laptop and don’t want something as light as it gets, it’s been a great day. Unless you hate notches. Meanwhile, Wall Street was bored of the whole thing.
- Amazon in hot water following testimony from Congress: After testifying that Amazon didn’t use third-party market data to guide its own first-party product decisions, the company is in the soup after the press disclosed that he did exactly that. Amazon reiterated its policy against such actions, although former employees said breaking the rule was common practice. Congress is irritated. And Amazon is under fire for allegedly preferring their own products, despite the fact that this is not the case. By the way, if Amazon is unable to enforce its own policies due to its size, it is not doing itself or any of its fellow tech giants much a favor as they push back against them. regulatory controls.
- In Expensify’s IPO file: Another week, another S-1 deposit to take advantage of it. This time, it’s Expensify’s turn to go public. The Portland, Oregon-based company is recovering from the impacts of COVID on its business, with growing revenues and historic profitability. It’s a neat IPO, although we don’t yet know exactly where it will cost.
Startups / VC
To kick off today’s startup summary, a note for startups under construction in the MENA region: we want to discuss.
- What you need to know before going public: Are you a startup founder hoping to get your business public? Good news: we recently met with a panel of experts on the matter, including the perspectives of investors and traders. So if you want to get a head start on your own future, this is for you.
- TripleBlind Raises $ 24 Million for Enterprise Data Encryption: Data privacy is an increasingly key concept for global businesses reluctant to clash with regulators – or consumers. TripleBlind is building a service that “designed a way to encrypt data so that it can be shared without ever being decrypted or even leaving the data owner’s firewall and keeping the whole process compliant with protection regulations.” data â, the sound of which we like. . Notably, the company is based in Kansas City, Missouri.
- Deel shows remote hiring is hot: Talk to a early stage startup today and you’ll be treated to stories of how eight people are in four time zones across five countries. But supporting remote employees in different locations is not easy. Taxes alone can get messy. Deel is handling this puzzle for other companies and just raised $ 425 million for a valuation of $ 5.5 billion. That’s a hell of a lot of money bet on remote hiring, not just to stay, but growing.
- Allplants wants to make all-vegetable TV dinners: If it comes in a box and is microwave safe, it’s probably not good for you. It’s been a reasonable feeling for ages. Allplants wants to change that with vegan dishes that come in a box. Draper Esprit ran its Series B, pumping Â£ 38million into the business. Frankly, that’s a metric ton of sterling. If I can find an Allplants meal to buy and try, I’ll let you know.
- African startups are taking more places as an accelerator: As the African startup market accelerates (data here), we are seeing more and more startups from the continent participating in the global accelerator market.
- And because I can’t help but mention it, the company that sailed a drone sailboat in a hurricane the other week just raised $ 100 million.
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Big Tech Inc.
- Amazon to expand Zoox’s trial to Seattle: Remember that Amazon owns Zoox. Today’s news that Zoox is expanding autonomous driving testing to the Seattle area now makes more sense. Providence then, please.
- Toyota allocates $ 3.4 billion to the production of batteries: How big will the drum set be? Much, much bigger. Aside from what that means for some mining operations, news broke today that Toyota plans to invest billions in “the development and production of batteries in the United States until the end of the decade.” The days of internal combustion are numbered.
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