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Fb avoids European blackout as regulators squabble over EU-US knowledge transfers  – TechCrunch

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Hey, and “pleased Friday junior,” as somebody put of their e-mail to me right this moment. I hope it has been a productive Thursday for you. Haje is hanging with a bunch of robotics expertise, so it’s simply me and my trusty Lakeland Terrier companion delivering the juicy morsels of stories goodness right this moment. Please take pleasure in his Pitch Deck Teardown on 5 Flute whereas he’s away. Sadly for this flute participant, it’s not a flute maker. See you tomorrow! — Christine

The TechCrunch Prime 3

  • Knowledge safety woes: Fb has managed to keep away from being shut down in Europe, however Natasha L writes that its mum or dad, Meta, could also be going through a suspension.
  • Right here and yonder: I wrote about wealth expertise agency Farther, which introduced in $15 million in funding to spice up its valuation to $50 million. The corporate supplies instruments for monetary advisors to develop their enterprise, whereas additionally enabling customers to do enjoyable issues like a “money waterfall,” which implies everytime you benefit from extra funds, you may designate the place the overflow goes.
  • Borrowing a bit of from Apple: Ivan writes that as Google continues to merge Duo and Meet, it’s introducing a brand new characteristic that lets customers watch YouTube and Spotify collectively.

Startups and VC

I loved Dominic-Madori’s story right this moment on provide chain expertise firm Stimulus, which raised a $2.5 million seed spherical. She writes that Stimulus presents a product “that helps companies lower prices by avoiding mismatched suppliers whereas introducing various distributors to firms that may have neglected them.”

Creating inside apps generally is a enormous time-suck for firms. Kyle introduces us to Superblocks, an organization that developed a approach for companies to extra simply custom-build their very own.

  • It’ll offer you wings: Mike writes concerning the U.Okay.’s Enterprise Funding Scheme, which has created an “institutional angel fund” to allow smaller firms to get their first massive funding break.
  • Hand me that scalpel: Medical college students typically study by doing, however within the age of surgical robots, their training is now transferring within the course of digital actuality. One such firm is FundamentalVR, which raised $20 million to make simulations extra actual, Paul reviews.
  • From onboarding to offboarding: Over the previous yr, Kenyan B2B e-commerce platform Market staffed as much as onboard hundreds of retailers, and Tage realized that the corporate laid off 9% of its employees after shifting focus.
  • Current!: Natasha M’s newest TechCrunch+ story appears to be like at if edtech continues to be a venture-backable trade. She spoke to seven buyers within the area to search out out extra.
  • Your meals could be low-carbon, too: Identical to we are able to see our carbon footprint, Kuri has developed an app that does the identical for our meals, Haje writes.

7 buyers talk about why edtech startups should return to fundamentals to outlive

Graduation cap as a part of laptop; edtech investor survey 2022

Picture Credit: Boris Zhitkov (opens in a brand new window) / Getty Photographs

Pre-pandemic, edtech was not an particularly frothy sector: In 2019, these startups obtained roughly $7 billion in VC funding, in keeping with Crunchbase. Final yr, that determine rose to $20 billion after efforts to restrict the unfold of COVID-19 impacted college students of all ages.

To study extra about how edtech is faring throughout the present downturn, Natasha Mascarenhas spoke to seven VCs concerning the recommendation they’re providing portfolio firms, the place edtech is crossing over into different sectors, and the way they like to be pitched:

  • Ashley Bittner and Kate Ballinger, Firework Ventures
  • Jan Lynn-Matern, founder and accomplice, Emerge Training
  • Malvika Bhagwat and Kriti Bansal, Owl Ventures
  • Jomayra Herrera, accomplice, Attain Capital
  • Rebecca Kaden, common accomplice, Union Sq. Ventures

“I’d say the previous few years have been extra of an anomaly, and we’re getting again to a extra sustainable tempo,” stated Attain Capital accomplice Jomayra Herrera.

(TechCrunch+ is our membership program, which helps founders and startup groups get forward. You’ll be able to join right here.)

Large Tech Inc.

Latest monetary pressures have compelled Rivian to take sure measures, together with shedding 900 staff in July. Its second-quarter earnings are developing later right this moment, and Jaclyn shifts into gear with 3 issues to observe for on Rivian’s Q2 earnings.

Xiaomi has a pair of latest merchandise dropped at you by Brian and Ivan. The primary is about its new humanoid robotic that very a lot has me pondering of the “I, Robotic” film. The second is a foldable cellphone solely obtainable in China.

Talking of telephones, anybody nostalgic for his or her outdated Motorola Razr will wish to try the latest model. Brian has extra.



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