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A crowded market for exits and acquisitions forecasts a hot AI summer – TechCrunch

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Hello and welcome to Daily Crunch for June 9, 2021. Today was the TC: Mobility sessions, a good time which we hope you enjoyed. Going forward, we are starting to announce a few speakers for Disrupt, including Arun Mathew from Accel. Mark your calendars, Disrupt is going to be epic this year. – Alexis

AI

The Top 3 TechCrunch

  • Biden destroys Trump’s Chinese app wall: After a very confusing episode in which the former US president demanded that TikTok sell to a US company and the US government get a cut, things are mostly back to normal today after President Biden ” signed an executive order revoking actions against TikTok and WeChat, “TechCrunch reports. Biden also signed a” new order requiring the Commerce Department to review applications related to “jurisdiction of foreign adversaries,” “so this story is not still finished.
  • Billions for battery technology: Northvolt has raised $ 2.75 billion to boost its battery manufacturing capacity in Europe to 150 GWh by 2030. While 2030 may seem far away, it’s less than a decade away. The news from the Northvolt round highlights how many regions want to ensure that they can build basic technology products such as batteries, chips and AI on their own to limit geopolitical risks.
  • Everyone wants to fund AI startups: The era where every startup claimed to be an AI company is behind us, leaving us with the era where every VC wants to fund AI startups. That’s the gist of a recent TechCrunch dig into the fundraising market for startups leveraging artificial intelligence.

Startups and VC

  • Branch finds more funders for its insurtech service: Home and auto insurance startup bundle has raised a $ 50 million round led by Anthemis Group. The company’s argument is that it starts customers off with a plan, which means it doesn’t have to sell them later. Venture capital firms are still more than willing to invest capital in neo-insurance providers, despite some unicorn struggles in the space after their IPO.
  • ShelfLife wants to help you source raw materials: Ever wanted to produce and sell your own version of White Claw? Lillian Cartwright and a few colleagues at Harvard Business School came up with the idea, but ran into supply issues. Cartwright created ShelfLife, which assists brands by providing “a directory and marketplace of raw material suppliers based on the specific needs of brands, enabling them to obtain quotes quickly.”
  • If you are fed up with insurtech rounds, how about an NFT round? Mythical Games has announced a funding round of $ 75 million despite the short-term slowdown in the market for blockchain-specific digital title deeds. Regardless of what you think of NFTs, it’s clear that VCs are bullish and are willing to pay so they don’t miss a possible trend.
  • US Politician Stacey Abrams Now Raises $ 9.5 Million: Now is a fintech company that buys corporate invoices for a fee, which allows businesses to unlock revenue before they get paid. Provided it can properly assess the risk of non-payment, this is a fairly business-friendly model.
  • Decapitate your CMS: If you’re not at the forefront of headless CMS tools, imagine WordPress but without the elements that make it in your browser. The Headless Model has drawn funders into a more fractured end-user device world, where users can access content on everything from smartwatches and tablets to desktops and VR headsets. And now, Contentstack’s headless CMS service is $ 57.5 million richer after an investment led by Insight Partners.

To round out our startup news today, two things: The first is that Superhuman CEO Rahul Vohra and his pal Todd Goldberg, the founder of Eventjoy, have formalized their partnership to invest in a new fund called Todd and Rahul’s Angel Fund. This name has big vibes of “Bill and Ted’s Excellent Adventure”, albeit with a bigger budget of $ 24 million.

And in the wake of the Equity Podcast dive into hormonal health and the huge startup opportunity it presents, there is a new startup working on PCOS in the market. Check out our take on its early form.

Don’t Panic: “Algorithm Updates” Are Not the End of the World for SEO Managers

SEO expert and consultant Eli Schwartz will join editor-in-chief Danny Crichton tomorrow to share his tips for anyone who gets nervous every time Google updates its algorithm.

To lay the groundwork for the chat of tomorrow on Twitter Spaces, Eli shared a guest post that should deflate some myths. For starters: A drop in search traffic doesn’t necessarily hurt you.

Instead of chasing the algorithm, he advises companies that rely on organic search results to focus on the user experience instead: “If you’re useful to the user, you have nothing to worry about. .

Just like you post product updates based on reviews and analytics, Google is improving its products to provide a better user experience.

“If you see a drop, in many cases your site may not even have lost real traffic,” Eli explains. “Often, losses are just lost impressions that don’t already convert to clicks. ”

Tomorrow’s discussion is the latest in a series of discussions with top Extra Crunch guest contributors. If you’ve worked with a talented growth marketer, please share a brief recommendation.

(Extra Crunch is our membership program, which helps founders and startup teams move forward. You can register here.)

Big Tech Inc.

  • Google is building a huge fiber trunk to Argentina: Imagine you were a mega-corporation. And the internet was a little slow between your seat and, say, Argentina. Do you curse your luck? To get angry ? Or are you announcing that you are going to “build a new submarine cable that will link the east coast of the United States to Las Toninas, Argentina – with additional landings in Brazil and Uruguay” as Google has done? We hope this is the last option.
  • Did you know it’s Facebook Creators Week? It is, as it turns out. Big Blue announced a “native affiliate tool” for Instagram that will allow “creators to recommend products available at checkout, share them with their followers and earn commissions on sales generated by their posts.” The idea might turn out to be boring for non-influencers, but for people with many followers, it could be a godsend.
  • $ 270 million for the 1E endpoint security workshop: The growing acceptance of remote working means more and more endpoints to secure for businesses. Seeing Carlyle recover 1E for a quarter of a billion is therefore not a substantive surprise. Crunchbase doesn’t have funding data from the London-based company, so this may have been a pretty big release for their team.

Introducing TechCrunch Experts: Growth Marketing

Montage of illustrations based on education and knowledge in blue

Image credits: SEAN GLADWELL (Opens in a new window) / Getty Images

TechCrunch is back with our next category for our Experts project: we’re reaching out to startup founders to let us know who they turn to when they want the most up-to-date growth marketing practices.

Complete the survey here.

We are happy to share the results we collect in the form of a database. The more responses we receive from our readers, the stronger our editorial coverage will be. To learn more, visit techcrunch.com/experts.

Community

Join us for a conversation tomorrow at 12:30 p.m. PDT / 3:30 p.m. EDT on Twitter Spaces. Our own Danny crichton discuss growth marketing Eli schwartzThe guest column of Don’t Panic: “Algorithm Updates” isn’t the end of the world for SEO managers. Bring your questions and comments!

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