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Today, Apple’s developer conference, WWDC, started, which means that the TechCrunch team was very busy all day, and that we have a sea of news from Cupertino that you can enjoy. But the start-up market was just as busy, thankfully, with some fascinating rounds of financing, acquisitions and more to analyze. Today we have something for everyone! ̵
PS Including everyone interested in economics. Here is a breakdown of the Babylon Health SPAC agreement. Enjoy!
TechCrunch Top 3
- Apple’s main features: Apple’s main feature today was the usual affair of animation, text on the screen, musicals and many, many news. More below but iOS 15, SharePlay and iCloud + are obvious standouts.
- The global shortage of pieces: The global shortage of pieces does not lift before late next year, which means that we will probably see investments in new chip-fab capacity. Like the news today that Bosch opened a $ 1.2 billion chip production plant in Germany. As the AI market splits along geopolitical fault lines, more countries will eventually want to have domestic chip-fab capabilities as a form of self-confidence.
- Paytm becomes public: Noida, India-based Paytm, the most valuable start-up in the country, will go public, the new employee said. This is good news for the company, we assume, but also potentially big news for India’s larger start-up and venture capital.
Start-up and VC
- Astra acquires Apollo Fusion: This is funny. Astra, a space launch startup pursuing an SPAC-led IPO, is acquiring Apollo Fusion, which is focused on what TechCrunch described as “electric propulsion.” So not fusion, unfortunately, but electric propulsion is an important space technology that allows satellites, for example, to move while in orbit. It can also be fuel leaking to some degree, making it a technology that can help satellites and other celestial bodies have a long life.
- Briq raises its construction-focused fintech service: The recent implosion of the construction unicorn Katerra does not stop venture investments in the market. Today, Briq, a startup offering fintech solutions to construction companies, announced that Tiger Global has led a $ 30 million round in its business. Normally, a $ 30 million check will give us a good idea of how large Briq’s revenue base is today. But with market jumps indicating that Tiger is happy to drain capital in low-income companies, it’s hard to say. Briq told TechCrunch that annual recurring revenue increased by 200% over the past year.
- Mendel raises $ 18 million to structure unstructured medical data: Every industry is creating a lot of data these days, but the medical industry is sweating data as a first-time Peloton user. And as you can imagine, most of the medical world’s emissions data are unstructured and generally a mess. Enter Mendel, who wants to organize, share and exchange medical data after it has taken over and cleaned up. I love it.
- Finally today, Lightspeed has acquired “Ecommerce e-commerce platform for $ 500 million, and NuOrder, a B2B ordering platform serving wholesalers, brands and retailers, for $ 425 million.” The Canadian supplier of the point of sale has been busy buying start-ups in recent years, part of a larger strategy that they expect will come together in a tempting package of services. Or, as the company put it, the agreements will help Lightspeed become “the common thread that unites merchants, suppliers and consumers.” It’s pretty heavy for corporate speech, but does not speak to Lightspeed’s ambitions. I promise this particular set of deals because Lightspeed is not as well known as the scope you might think.
The hidden benefits of adding a CTO to your board
Conventional wisdom says that startups should include a few CEOs who are able to offer informed advice, but having a technical leader in the mix really creates upside, according to Abby Kearns, chief technology officer at Puppet.
Beyond their technical experience, CTOs can help founders set realistic timelines, identify pain points, and bring what Kearns calls “pragmatic empathy” to high-pressure situations.
“A CTO understands nuts and bolts,” says Kearns.
(Extra Crunch is our membership program, which helps founders and start-ups to get ahead. You can register here.)
Big Tech Inc.
As mentioned above, there is a lot of Apple news to dig through, but we also have notes from Microsoft and Pinterest to analyze. So let’s finish WWDC and then dive into the rest.
Today’s Apple event generated a lot of coverage. Here’s what you need to know (bold products to help you find what you need):
And there is more to come. So if that’s not enough of the Apple News column for you, keep an eye on the site.
Elsewhere in BigTechLandia
Pinterest is final roll out the ability to store items in a shopping list. The general argument for the long-term value of Pinterest has been that it certainly has ads, but it is also really an e-commerce dormant giant. Maybe Big Pin wants to wake up a little faster than we expected.
To close, Microsoft is it rename Windows Virtual Desktop to Azure Virtual Desktop. Why the change? Because there is a lot more demand for the product in a post-pandemic world than there was before, and thus the ability to “set up a complete virtual desktop environment from the Azure portal” with just “a few clicks,” as Frederic reported , can be a big deal.
What were you most looking forward to at WWDC? You told us about iOS updates. And it’s a bunch. Come and talk on the Discord server about what Apple did (and did not) announce.
TechCrunch Sessions: Mobility is happening this Wednesday, and it’s still time to buy tickets. On the fence? Come and join us tomorrow on Twitter Spaces at 16 PDT / 7 pm EDT to get a taste of what you will experience at the event.
When talking about events, keep an eye on the site for some Pittsburgh Spotlight-related news tomorrow.
Whether you are interested in artificial intelligence, autonomous and / or electric vehicles, robots or hunting for the next unicorn, you will be sure to be at TechCrunch’s Sessions: Mobility event this Wednesday, June 9th. Bring your questions and join the conversation with CEOs and founders of Scale AI, Ford, Joby Aviation and Hyundai and discover 30 of the hottest start-up mobiles in the early stages that are poised to become the next big thing. Register today and get a free expo ticket with promotional code DAILYEXPO. Or save 50% off your entire event using the promotional code DAILYCRUNCH50.