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Tuesday, September 28, 2021

Daily Crunch: Here’s what happened at Apple’s virtual 2021 fall event – TechCrunch

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Hello and welcome to Daily Crunch for September 14, 2021. It was an Apple day on the internets, so we’ve all spent the afternoon making an attempt to determine if we’d like a brand new smartphone. Answer? Probably not, however that received’t cease a very good portion of the TechCrunch crew from deploying contemporary Yahoo lucre into Cupertino’s market cap. We love these items.

On the TechCrunch entrance, Disrupt is in every week’s time. Your humble servant goes buying later this afternoon in order that he can look barely much less matted. Jordan, after all, will look good on the Disrupt Desk. See you there! — Alex

The TechCrunch Top 3

  • Apple drops grip of recent {hardware}: Anytime Apple hosts an event, it’s like time stops within the know-how world. If that ought to nonetheless be the case is as much as you, nevertheless it stays reality. Here’s our rundown of iPhone news, Apple Watch news, iPad updates and a normal roundup in case you wish to go meta. Enjoy!
  • Atlanta booming: TechCrunch continued its tour of U.S. cities right this moment after hitting up Chicago and Boston in current weeks. This time, we dug into Atlanta’s booming startup scene, which is seeing document capital inflows. We talked to some founders and traders to get the newest. Don’t overlook that Atlanta simply produced a decacorn exit.
  • And talking of decacorns, Canva simply raised $200 million at a $40 billion valuation. In share phrases, the Australian design software program firm managed to lift two payments for 0.5% of its fairness worth. A steal at twice the worth. Why is Canva price a lot? Huge scale, as our notes relating to its income development illuminate.

Read more about Apple's Fall 2021 Event on TechCrunch


Before we dive into our regular rundown of startup news, TechCrunch did a dig into the worth of the myriad BNPL startups all over the world via the lens of some current acquisitions. I wrote it. Read it if that’s your jam.

  • In mild of the day’s Apple Fitness news, it issues that Tonal simply introduced reside lessons are coming to its service. Tonal competes within the hardware-and-software market in opposition to Peloton and different gamers. Notably it’s the startups of the world which might be fusing {hardware} and software program greater than Apple on this case, which is usually bundling providers into its present merchandise. Regardless, good news for you Tonal customers on the market.
  • 1047 Games closes $100M: If you’re sizzling, Brian Heater writes, you’re sizzling. And 1047 video games with its hit title Splitgate is greater than heat. So sweltering that it simply closed a 3rd spherical since May. What’s Splitgate? An FPS that features portals. (Which frankly sounds superior.)
  • Grammarly opens up for builders: Grammarly is nicely referred to as a product that folk use to assist tighten up their writing. But what should you needed to bake Grammarly tech into your personal product? Well, now you’ll be able to. The firm simply introduced a developer product. The finance nerd in me wonders how profitable the brand new enterprise line will show, and if it can assist the corporate file its rattling S-1 already.
  • EverAfter raises $13M, underscores that HRtech remains to be sizzling: Per our personal reporting, EverAfter has constructed a “no-code customer-facing tool that streamlines onboarding and retention.” That’s a bit like Sora, a startup that TechCrunch has additionally written about. Just a few rounds centered on the identical area is sign!
  • Today’s Tiger spherical is Indonesian fintech Xendit: Xendit is now a unicorn due to a $150 million verify led by Tiger. At this level, we reckon that each time Tiger’s managing companions go to dinner they tip $150 million. It’s the one quantity that they know! Regardless, the Jakarta-based fintech with a funds focus has huge enlargement plans that at the moment are nicely financed.

Is it so unhealthy to take cash from Chinese enterprise funds?

Are founders in fundraising mode short-sighted in relation to working with Chinese traders?

Asia Business improvement supervisor for Runa Capital Denis Kalinin studied knowledge from iTjuzi, a database of Chinese enterprise capitalists and located:

 … Chinese funds invested round $250 billion in 2020 (3 times increased than the determine reported in Crunchbase). This determine places Chinese VC investments solely 30% decrease than investments by U.S. funds, however 3 times that of U.Ok. funds and 12.5 instances greater than German funds.

The pandemic, geopolitical tensions and different components led many Chinese enterprise funds to scale back their worldwide investments, however that’s largely “because during COVID, China’s economy recovered much faster than other countries,” writes Kalinin.

His evaluation covers a number of angles: Chinese investments in Europe are catching up with these in Asia and the United States, half of China’s prime cross-border traders are CVCs, and traders are significantly concerned about fintech, deep tech and digital well being at the second.

“Chinese investors can bring value to foreign startups, but you need to study their expertise and how it can be useful for you.”

(Extra Crunch is our membership program, which helps founders and startup groups get forward. You can enroll right here.)

Big Tech Inc.

Before we get into the nitty-gritty of Big Tech news, an replace from the U.S. authorities: “Biden’s new FTC nominee is a digital privacy advocate critical of Big Tech,” it seems. That issues.

  • LinkedIn pledges $25M to creators: In case your LinkedIn feed was missing in pizazz, the Microsoft subsidiary has plans to bolster your content material inflow. A $25 million “Creator Accelerator Program” has been established to encourage extra, nicely, creation. Also LinkedIn is moving into reside audio.
  • 51 extra Starlink satellites take flight: We’re together with this news merchandise in Daily Crunch right this moment in case you’re additionally contemplating a transfer to rural Montana however want to remain employed.
  • Spaceflight seems to fly to the moon: Elon’s area firm will not be the one participant seeking to get people off the plant. Spaceflight will “shuttle customers on a lunar flyby mission next year,” which is greater than neat. How a lot for a ticket?

TechCrunch Experts: Growth Marketing

Illustration montage based on education and knowledge in blue

Image Credits: SEAN GLADWELL (opens in a brand new window) / Getty Images

We’re reaching out to startup founders to inform us who they flip to when they need essentially the most up-to-date development advertising practices. Fill out the survey right here.

Read one of many testimonials we’ve acquired beneath!

Marketer: Andrew Race, Juice

Recommended by: Orin Singh, Merchant Industry

Testimonial: “We were referred to Juice by a family friend of my company’s owner, and as a personal courtesy, they said they were giving us their best guy. Naturally, we thought that is what everyone says, but they were not kidding. Andrew was singularly leagues above our previous marketing company. Having someone so knowledgeable and willing to learn a new industry proved to be the turning point for us.”


Image Credits: Basic Books

From deliberate Twitter Spaces to impromptu chats with the Equity crew, the TechCrunch workforce is continually on Twitter. Tomorrow, Wednesday, September 15 at 2 p.m. PDT/5 p.m. EDT, the Disrupt Battlefield judges will likely be speaking on Twitter Spaces. On Thursday, September 16, at 3 p.m. PDT/6 p.m. EDT, Danny Crichton will likely be joined by Martin Ford, creator of “Rule of the Robots: How Artificial Intelligence Will Transform Everything.” Make positive you’re following the TechCrunch Twitter account to remain updated with our news and occasions.

#Note-Author Name – Richard Dal Porto

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