$ 360M funding round values Fractal 'well north of $ 1 billion,' says co - founder - TechCrunch
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Hello and welcome to the Daily Crunch for January 5, 2022! Today we have a good mix of news for you. Mega-tours? Heck yes. Electric trucks from US companies? Yes! Android cozy up to Windows? But of course. And great essays on lockouts, LP visibility and more.
But before we do that, every once in a while I'm going to point out TechCruncher behind the scenes that deserves some love. Today it's Henry Pickavet, one of our editor and guide lights, someone I know and have worked with since my early 20s. He's perfect, as well as the sports teams he follows and the fact that he loves cricket. Follow it on Twitter here if you are so proud! -Alex
The TechCrunch Top 3
- Making Sense of OpenSea at $ 13B: From rumor to statement to confirmation, the $ 300 million OpenSea funding round came to an abrupt end. The NFT market is now worth around $ 13 billion. So TechCrunch made it clear and asked if that number made any sense. As it turns out, yes, but how much depends on your crypto-bullishness level,
- Android 🤝 Windows: While Apple has been busy protecting its walls around the iOS-owned yard, Google and Microsoft have been busy repairing roads between their Android and Windows operating systems. First, Microsoft announced that some Android apps would eventually run on Windows. And now, news that “Google is working with the likes of Intel, Acer and HP [connect] your phone to your Windows PC. "
- And here's the * other * company that is now worth over $ 10B: It's Miro! Yep, the online workplace company, as we said, is now worth about $ 17.5 billion after raising a $ 400 million collection. The company claims to have 30 million users. Competitive Mural is also doing well, indicating that their market is deep in the pace at a fast pace.
Startups / VC
A few essays for our inaugural download today, I think. The first one comes from our own Connie Loizos dive into the “year of the extinct lock. “In a nutshell, Loizos notes that the traditional forced detention period after an IPO is being dismantled in hot public tenders. This is not a promise for future results - on the contrary, it seems - but it's worth keeping an eye on the transition to what was once the main rule of IPOs, and, in fact, a sign of confidence.
Speaking of IPOs, the IPO insurtech wave of 2022 and 2022 looks very thin today. TechCrunch took a look back at the name struggles we've written about for ages, Roots and Metromiles of the world, but also Oscar Health. It's not done much anymore, it turns out.
Ann Heim he wrote an interesting piece on LP publicity. The idea that founders should care where aca investors find that their money is not new. But what's new is the speed of founders over investors - the power of the founder's power has shifted, leading more VCs to think that maybe it's time. open their own books a little.
Now, more news!
- Bankaya goes offline to find customers: Finding new users is a global startup challenge, and one that leads to exciting solutions. Mexican fintech Bankaya IRL supports the challenge, noting that the main advertising channels for its products are full of competitors running the same eye.
- Tax crypto investments profitable? Startup Alto has just raised $ 40 million for what TechCrunch claims is a “self-directed IRA platform [that] providing an simpler and cheaper option for individuals to invest their retirement savings in alternatives, ”at least in theory. I dig it.
- Fractal goes unicorn with new $ 360M tour: It turns out that this company is 21 years old, so it's not a start, per se. But it's a private company that raised just nine figures, so it hit our radar. The company’s analytical product makes AI and analytics work for major companies.
- SoftBank looks at new Indian investment: Pune-based ElasticRun is in talks to close about $ 200 million or so from SoftBank Vision 2 and Goldman Sachs, Manish Singh reports for TechCrunch. The start-up business helps neighborhood stores “get inventory from major brands and working capital,” we report.
- Meet a very nice washing machine by the name of Bob: From the CES trenches, meet Bob. It is a small washing machine unit for apartment countertops that is efficient, and, if we say so, commendable.
- To close our starters, Xage has raised $ 30 million to help provide critical infrastructure. Which is great, since many of the power lines and water resources that you rely on are very old - fashioned and outrageous to national state shenanigans. (The name of the beginner is pronounced sgios, Ron Miller.)
4 trends that will define e-commerce in 2022
Data privacy has been at the heart of online retailers and for good reason: regulators are taking an interest, and iOS 14.5 allows users to disable data tracking, to the detriment of “ Facebook Advertising Aims. ”
With these and other factors in mind, Ben Parr, president and co-founder of e-commerce marketing platform Octane.ai, shared his predictions for 2022 with TechCrunch +:
- Zero party personalization and data become critical.
- E-commerce includes web3 and NFTn, but what will that look like?
- Live shopping goes mainstream.
- Slow but gradual development of the supply chain.
(Our membership program is TechCrunch +, which helps founders and startup teams get on top. You can register here.)
Big Tech Inc.
Below we have some news on the topic of cars, but we'll start on your phone with Instagram. The social subgroup of the largest Meta empire is bringing back its bait historically. Praise be. It is lame, in my opinion, to force users to maintain algorithmic timelines, and something that shifts power away from users to the adtech gods who run social platforms . I may even re - register for Instagram now that this is established.
- Mortgage data analytics firm settles with FTC over data breaches: Back in 2022, TechCrunch said “OpticsML, a New York-based retailer working for Ascension, has left a database of highly sensitive financial data open to the internet without a password. ”Now two years after that statement, results!
- GM promises plenty of electric vehicles: If you want an electric Equinox or Blazer, GM is going to tie you up in 2023. It says. And the company is building the Silverado electric hoist, coming a little late to the table with so many announcements that Ford has already made. But the real death knell is thrown here in terms of the fate of mobile vehicles, whoever is in charge right now. They go electric. And soon.
- And GM wants to get self-driving cars on the road: By the middle of the decade, the company said. I'm a little skeptical about any timeline provided for autonomous vehicles, but at some point they will work - right? - and that day will be good. We hope that these latest projections will come true in time.
TechCrunch urges you to recommend growth marketers with experience in SEO, social, content writing and more! If you are a growth marketer, send this survey to your clients; we'd love to hear why they were happy to work with you.
If you're curious about how these studies shape our coverage, check out this article on TechCrunch + by Ben Parr: "4 trends that explain e-commerce in 2022."