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By
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Christine Hall
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<p style="color: #5a5a5a; font-size: 18px; line-height: 28px; margin: 0;">
Thursday, June 22, 2023
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<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Today, in another round of bad luck for Indian edtech giant Byju,
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Deloitte and three board members
</a>
said “bye, bye, bye” to involvement with the company. Over at Reddit,
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
find out how moderators
</a>
continue to rage against the machine. And
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Robinhood gets into credit cards
</a>
with the acquisition of this fintech. This is your Daily Crunch for Thursday.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Venture capital firm
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Sequoia debuted Atlas
</a>
, its interactive guide to the European tech talent landscape, to the public.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Let’s get that plastic out of the oceans, shall we? Kubik, a plastic upcycling startup operating in Kenya and Ethiopia,
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
closed on a $3.34 million seed round
</a>
to do just that.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
After five years with TikTok, COO V Pappas is leaving.
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Find out what they’re doing next
</a>
.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Does it seem like funding has picked up again? Because all these funds are getting capital commitments. Today we saw Amazon pour $100 million into a
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
new fund for generative AI initiatives
</a>
, Andreessen Horowitz
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
creates a “Perennial” evergreen fund
</a>
and Fearless Fund
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
gets a follow-on for its second fund
</a>
.
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Image Credits: Getty Images
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<h2 style="text-align: left; font-size: 25px; color: #14c435; margin: 0; padding-bottom: 10px;">
More top stories
</h2>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
Permission wasn’t granted
</strong>
</a>
: Adtech giant Criteo was hit with a $44 million fine in France for not getting user consent for targeted ads.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
One isn’t always the loneliest number
</strong>
</a>
: Robin Haak launches Robin Capital, becoming the latest to join the solo GP movement going on in Europe.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
Ya Heard?
</strong>
</a>
: Heard Technologies, which develops therapist accounting tools, raised another $15 million.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
Get connected
</strong>
</a>
: Limble is now valued at $450 million after raising $58 million to continue helping organizations keep track of all their unconnected physical assets.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
Now streaming
</strong>
</a>
: YouTube TV’s multiview feature now offers non-sports content.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<strong>
Car talk
</strong>
: Buckle up!
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Kodiak Robotics is partnering with Loadsmith
</a>
to get 800 autonomous trucks on the road. And if you’d like to see how Iron Man fawns over cars, check out “Downey’s Dream Cars” on Max.
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Here’s a preview
</a>
. Meanwhile,
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Rivian acquired a route-planning app
</a>
to better plan for those charging breaks.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
Mixing some polka dots in with that Plaid
</strong>
</a>
: Plaid, the company most known for connecting consumer bank accounts to financial applications, is going in a whole new direction with a collaboration network aimed at sharing fraud intelligence.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
Computer vision
</strong>
</a>
: Kibsi grabs $9.3 million to help businesses build and deploy computer vision applications. But wait, there’s more: Unlike some of its competitors, Kibsi lets businesses reuse their existing cameras to create insights into virtually anything they want to track.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<strong>
Do you know what DB stands for?
</strong>
:
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
MongoDB’s Atlas database service
</a>
is poised for new workloads, while MotherDuck launches its
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
DuckDB-based cloud analytics platform
</a>
.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<strong>
Don’t forget about these:
</strong>
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Avatar startup Genies launches $1M fund for developers building AR experiences
</a>
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Omeat emerges from stealth with beefy tech approach to cultivated meat growth media
</a>
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
DuckDuckGo’s Windows browser is now available in open beta
</a>
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Robots learn to perform chores by watching YouTube
</a>
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Bridge 2 Technologies is making it easier for companies to find diverse vendors
</a>
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
SoulCycle to offer trainer-guided virtual work sessions with the FLOWN startup
</a>
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Inflection debuts its own foundation AI model to rival Google and OpenAI LLMs
</a>
</p>
</td>
</tr>
</table>
</td>
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With $10T on the line, 6 fusion investors explain why they’re all in
</a>
</h2>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
With $10T on the line, 6 fusion investors explain why they’re all in
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Until December 2022, no one had achieved fusion ignition, the point at which the reaction produces more energy than is required to produce it.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
“There’s still a long way to go, but net-positive controlled fusion is no longer just theoretical,” writes Tim De Chant.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
To get an investor’s perspective on this nascent technology with a multi-trillion-dollar TAM, he spoke to:
</p>
<ul style="font-family: Helvetica, Arial;font-weight: normal;font-size: 19px;color: #333;line-height: 1.5em;padding-left: 20px;margin-bottom: 20px">
<li style="margin-bottom: 8px">
Katie Rae, CEO and managing partner, The Engine
</li>
<li style="margin-bottom: 8px">
Phil Larochelle, partner, Breakthrough Energy Ventures
</li>
<li style="margin-bottom: 8px">
Joshua Posamentier, managing partner, Congruent Ventures
</li>
<li style="margin-bottom: 8px">
Alice Brooks, principal, Khosla Ventures
</li>
<li style="margin-bottom: 8px">
Wal Van Lierop, founding partner, Chrysalix Venture Capital, and board member, General Fusion
</li>
<li style="margin-bottom: 8px">
Thai Nguyen, partner, MCJ Collective
</li>
</ul>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<strong>
Three more from the TC+ team
</strong>
:
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Falling into these 3 traps means you will never raise VC funding
</a>
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Warming public markets are boosting the secondary market for startup shares
</a>
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Insight cutting its fundraising target isn’t reason to panic
</a>
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
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<em>
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is our membership program that helps founders and startup teams get ahead of the pack.
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You can sign up here
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. Use code “DC” for a 15% discount on an annual subscription.
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Read More
</a>
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2 years ago - newsletter@techcrunch.com
Dropouts at Byju's: auditor Deloitte and 3 board members bail on edtech startup
TechCrunch Newsletter By Christine Hall Thursday, June 22, 2023 Today, in another round of bad lu...