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Welcome back to Daily Crunch. It’s Monday May 24th and all I can think of is how much I want a Surface Duo now that it can play games on two screens. And one of those new iMacs. I don’t need either, of course, but that doesn’t stop me from coveting both gadgets. Alas.
Either way, it’s been a very busy start to the week, with many seed funding rounds, more in the long-running saga of governments trying to control social media platforms, even more news on IPOs and the latest issues with Tesla. Let’s stop the chatter and dive in. – Alex
TechCrunch’s top 3
- Governments versus technology: Indian police linked to the central government showed up at two different Twitter offices today, in what appeared to be an intimidating effort following Twitter’s decision not to name a tweet by a party member in current power as a manipulated medium.
A few little things here. First, India is do not alone trying to force social media companies to behave the way local governments want them to. That said, what the current Indian government is doing is particularly egregious and does not bode well for the country’s tech ecosystem as a whole.
- Tesla owes Norway: The darling American electric car Tesla appears to be in hot water with Norway after a “Norwegian conciliation board” ordered the company to pay thousands of Model S owners $ 16,000 apiece after finding that a software update resulted in longer charge times. “Ouch. Tesla will have to sell a lot of US regulatory credits to cover this loss. Norway is a key market for electric vehicles.
- American cities buy technology related to abuse: From the “you should read this” files, the latest report from our own Zack Whittaker and IPVM states that “at least a hundred American counties, cities and towns have purchased China-made surveillance systems that the US government has purchased. linked to human rights violations. . ” Not good.
Startups and VC
As always, we pick and choose the best parts of the day, so feel free to browse the blog if you need even more!
Solidus Labs raises $ 20 million for crypto-snooping: As the value of cryptocurrencies has increased over the past year, the activities of Solidus Labs have also increased, which detects “volume and price manipulation” between Bitcoin and its brethren. According to its CEO, Asaf Meir, his company has experienced “a 400% increase in inbound demand in 2020”. It seems fair. In addition, Solidus is expected to publish a monthly report on the level of manipulation on each exchange and crypto. It would rule.
Fireflies.ai raises $ 14 million to record, transcribe and connect your meetings: Fireflies, a former Acceleprise company, makes software that records and transcribes your meetings, then connects the text – and maybe the built-in tasks – to other software. It’s interesting and grows like a weed. Khosla therefore helped to invest $ 14 million in it.
Mono raises $ 2 million to propel African fintech: From building the Plaid for Africa to “fueling the Internet economy in Africa”, Mono is not short of vision. And now his accounts have been updated to continue his plans to “[streamline] various financial data in a single API for businesses and third-party developers. APIs are cool. FinTech is cool. Fintech APIs are very cool. This is our opinion.
Flat6Labs raises $ 13.2 million to fund Egyptian startups: It’s fund news, but it’s small enough that it fits in the startup section today. In short, since 2011 Flat6Labs has been an accelerator in Egypt and Tunisia. And now he has a new checkbook to play with.
Behind the Scenes of Zeta Global’s IPO: Finally, in today’s startup world, Zeta Global goes public. It’s an offer that could set the tone for the martech world for quite some time. So we dug its numbers a bit belatedly to determine what Zeta has that public investors might want.
When to move away from a VC who wants to invest in your startup
Ofri Ben-Porat flew from London to New York to meet with potential investors, but at the last minute one of them canceled, claiming to be ill. Moments later, he received a DocSend push notification informing him that VC had just opened the pitch deck he had sent a few days before.
Undeterred, he introduced himself anyway and pretended not to have received their email. The discussion went well; after he returned home, the VCs offered preconditions and due diligence, “but in the end, I didn’t feel good about taking money from them,” says Ben-Porat.
Getting the right amount of funding at the right time can make or break a startup, but founders who can’t identify red flags – or worse, ignore them – will live to regret it.
(Extra Crunch is our membership program, which helps founders and startup teams move forward. You can register here.)
Big Tech Inc.
What is a million hands and likes to copy his friends? Facebook! This time around, however, Facebook could do something interesting. TechCrunch has dug out some creator-friendly features that Big Blue puts in its TikTok clone. So he continues to run the copy machine at full tilt, just with a few upgrades.
Getting back to Apple, it’s not all about M1 chips and purple iPhones. Some things are less good at the Cupertino-based tech leviathan. Today TechCrunch reported a few different macOS vulnerabilities that, frankly, don’t sound good. What’s the old saying? Buy a PC; do they just work?
In Apple’s happier news, the company has a battery new software updates for your enjoyment, especially if you are an iPhone or iPad user.
Don’t worry, Microsoft fans, we’ve got something for you too. Namely a review of the new Surface Laptop 4. It’s pretty darn good, keeping all the weaknesses and strengths of its predecessor, with new guts.
Wrapping, ByteDance has another topography application; Airbnb doubles customer flexibility, although we have questions; SiriusXM Partners with TikTok on New Channel; and SensorTower ensures that there is at least some M&A to report.
TechCrunch Experts: Email Marketing
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