To get a roundup of TechCrunch’s greatest and most vital tales delivered to your inbox daily at 3 p.m. PDT, subscribe here.
Whats up and welcome to Every day Crunch for June 25, 2021. We now have an amazing block of startup information and Amazon protection for you right this moment. However earlier than we get into all of that, a observe that there are solely two weeks left before our TechCrunch Early Stage 2021: Marketing & Fundraising event. It’s going to rock, so test it out and get prepped. — Alex
The TechCrunch High 3
- Amazon buys encrypted messaging service Wickr: When you thought it was unusual that an e-commerce firm runs the world’s greatest public cloud service, it might really feel even stranger that that very same public cloud service simply purchased an encrypted messaging service. However within the platform period, tech firms wish to do every part, so we shouldn’t be shocked. Amazon’s cloud workforce intends to “proceed working Wickr as is and supply its companies to AWS prospects” beginning now. In associated information, Amazon and Google are taking whacks in the U.K. over faux critiques.
- Virgin is a go: The American authorities has cleared Virgin Galactic for industrial spaceflight. The results of the information? Shares of the SPAC’d firm rose by almost 39% right this moment. So, it’s a liftoff second for the corporate and its market cap.
- Didi’s confusing value: Closing out our High 3 right this moment, TechCrunch took a take a look at the Chinese language ride-hailing large’s first IPO worth vary. We’re curious why it seems to be and feels so low cost in comparison with its erstwhile rival, Uber.
TechCrunch stretched its legs right this moment, giving us so much to debate previous the standard funding spherical roll name. Right here’s what you must learn:
- What’s new in Deep Science: Behind the scenes of startup glitz and enterprise capital glamor is a bunch of scientific work, the stuff that powers the following technology of tech and the startups of tomorrow. Devin Coldewey has a digest of science work starting from predicting liquid movement primarily based on nonetheless pictures to AI techniques faking confidence.
- The quickly evolving early-stage market: When you care about how and when and why early-stage startups increase capital, TechCrunch has tons for you this week. Right here’s a take a look at right this moment’s early-stage venture capital market in the U.S., and here’s another focused on Latin America. Extra coming subsequent week taking a look at what’s afoot in Europe.
And, after all, a host of startups raised more cash. Listed here are a number of highlights to maintain you updated:
- Mercuryo raises $7.5M for crypto-powered, cross-border payments: One key use of blockchain tech that was touted years in the past was sending cash world wide. Conventional banking is famously dangerous at this, resulting in excessive charges and different points. Mercuryo may very well be cracking the mannequin and has crossed the $50 million ARR mark. Spectacular.
- Edge Delta raises $15M to take on data analysis giants: The startup’s new Sequence A places it into nearer competitors with Splunk, Datadog and different enormous firms that promote cloud-based information monitoring companies. The actual story is considerably technical, however pleased we had Frederic Lardinois available to elucidate it to us.
- Fintual raises $15M for Latin American retail investing: The Robinhood-led increase in retail investing that the USA has seen lately is more and more changing into a world phenomenon. And Fintual needs to take a chew out of the pattern within the Latin American market. The Chilean startup now has a Sequence A below its belt to energy its struggle towards each regulation and incumbent players.
Musculoskeletal medical startups race to enter customized well being tech market
With greater than 50 million People affected by persistent ache and musculoskeletal (MSK) medical issues, plenty of startups are providing sufferers new merchandise “that don’t resemble the cookie-cutter establishment,” reports Natasha Mascarenhas.
Startups hoping to enter this house have an uphill climb. Setting apart laws that cowl features like product packaging and advertising and marketing, they need to compete with well-entrenched competitors from Huge Pharma as they attempt to accomplice with medical health insurance firms.
Natasha profiles three firms which can be every taking a distinct strategy to customized well being: Clear, Hinge Well being and PeerWell.
(Additional Crunch is our membership program, which helps founders and startup groups get forward. You can sign up here.)
Huge Tech Inc.
From the world of Huge Tech right this moment we simply have yet one more entry, as we lined Amazon’s huge information up above. Natasha Lomas reported today that “Microsoft-owned LinkedIn has dedicated to doing extra to rapidly purge unlawful hate speech from its platform within the European Union by formally signing as much as a self-regulatory initiative that seeks to sort out the problem by way of a voluntary Code of Conduct.”
I wished to lift this specific story as a result of it considerably underscores how web regulation is shaping up world wide. You wouldn’t see this story, say, in the USA, or not less than not in the identical format. And in China, for instance, one other key web market, it will even have a really completely different taste. To some extent it seems like we’re coping with three completely different — and more and more distant — internets. One thing for startups to chew on.
TechCrunch Specialists: Development Advertising
TechCrunch needs you to suggest development entrepreneurs who’ve experience in website positioning, social, content material writing and extra! When you’re a development marketer, cross this survey alongside to your shoppers; we’d like to listen to about why they cherished working with you.
The outcomes from this survey will assist affect our editorial protection of development advertising and marketing. Right this moment, we have now a visitor column on Additional Crunch from Mark Spera, “5 companies doing growth marketing right.”