Bosch beats ‘other takeover bidders’ to acquire autonomous-driving startup Five.ai – MovieUpdates

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Welcome to the Daily Crunch for Tuesday, April 12, 2022!

This week, the Found team released one of our favorite episodes from the podcast. In the, Jordan and darrell spent an hour with Dylan Field, the founder of Figma. They delved into the journey of how a 20-year-old founder who had the idea of ​​turning design into a multiplayer game built the de facto standard tool for collaborative design.

Meanwhile, we’ve looked at the utter train crash that is the “WeCrashed” dramatization of the rising highs and lows of WeWork’s rise and fall on Apple TV+. Yes, it’s fiction, but we couldn’t put our popcorn down. Also “The Dropout” on Hulu is worth checking out, as Amanda suggested last month: “Just because you know how the story ends doesn’t mean it isn’t fun to see how it all went so horribly wrong.”

Remember to drink a glass of water every now and then; you can’t live on psychedelic mushrooms and Red Bull alone – Christine and hi

The MovieUpdates Top 3

  • NFT Holders Seek Use for Bored Apes: Our cryptocurrency reporter, Jacquelyn Melinek, had two crypto-related stories today that delved into some of the nuances of the industry. While NFT sales are declining, she notes that advanced NFT projects like the Bored Ape Yacht Club and others are doing quite well, so holders of these NFTs are looking for new ways to use them and treat them as collateral. Her other story finds investors like BlackRock and Fidelity pumping $400 million into Circle, a stablecoin issuer.
  • Bosch beats other bidders to Five.ai. to take over: It was a match made in self-driving car heaven: Five was looking for a buyer and Bosch is a big player in the space. We report that this deal follows other M&A news on autonomous vehicles and hints of further consolidation in the future.
  • Pylon charges Egypt’s utilities: This small round story for an Egyptian startup caught our attention because of the sheer size of the market potential. We report that “the company calculates hundreds of billions of losses (in dollars) per year in emerging markets. It is a huge opportunity to increase the total revenues and revenues of those utilities by 50%.” The company estimates the market is $20 billion and currently only a quarter of it is available.Pylon already has 2 million meters spread across two continents and expects to do 3 million more next year.

Startups and VC

Some super fun hardware stories today – Brian explored how PitchCom is changing the fabric of baseball, a sport that in many ways was stuck in the pre-technology era. Meanwhile, Miso launched a coffee monitoring system – the internet-of-caffeine-gives-you-wings, if you will.

In the softer, darker underbelly of technology, there is a torrent of updates from the world of cybersecurity. Russian hackers attempted to take down a Ukrainian energy supplier, showing a new frontier of cyber warfare. A somewhat scary set of vulnerabilities in Atheon hospital robots means someone can take them over – in some cases remotely. HacWare is trying to counter all this, which just raised a $2.3 million round to expand training around cybersecurity threats. In addition to the training corner that HacWare does, Prelude just raised a hefty $24 million round to conduct continuous, automated penetration testing against companies to bolster their defenses against cyber-attacks.

Bad news? Do you want more news? Okay fine. We have bins of the stuff:

  • Up and to the right: Product analytics firm Kubit has raised $18 million to gain a deeper understanding of how products perform by analyzing user behavior patterns through the trail of data breadcrumbs they leave behind.
  • Work anywhere: The figures from Deel and Firstbase show that remote working is indispensable, with extreme user and revenue growth.
  • sheesh-o: India’s darling for startups, social trading platform Meesho, which was recently raised with a valuation of $4.9 billion, is in a tailspin, with it likely postponing its fundraising and letting 150 employees go, with another 150 on the chopping block.
  • Shhhh, I’m hunting wabbits: Privacy-first, tracking cookie-blocking browser and search engine DuckDuckGo launched a Mac app. It’s in beta for now, inviting people over gradually.
  • If it’s broken, fix itSkilled-labor start-up Jobox, which facilitates locksmithing, garage door and sidewalk repairs, and carpet cleaning, emerged from stealth on the tail of a $42 million Series B led by General Catalyst.
  • That lamppost jumped out in front of me: Insurance claims are a large, expensive and often inconsistent affair. EvolutionIQ has raised $21 million to add an AI layer to make processing work better.
  • I’m totally in my zone: We’ve all experienced moments of flow – or doing “deep work” – which is especially difficult in a world of working from home in a universe of distractions. FLOWN has raised $2.5 million to help you get a facilitated “deep work” session. Apropos zones, here’s your crazy moment for the day
  • blah blah blah: Turns out chatbots aren’t dead after all, as AI-powered conversation platform Quiq has raised a $25 million round.

Mayfield’s Arvind Gupta discusses fundraising for startups during a recession

a rubber duck sits in a lonely puddle

Image Credits: deep chemistry (Opens in a new window) / Getty Images (Image has been modified)

Arvind Gupta, an investor at Mayfield Fund and founder of accelerator IndieBio, reviews several hundred pitch decks each year.

“In 10 days I can do the primary research and work with the founders to come to a conclusion there. For a bigger Series A check it could take a little longer, but not that much.”

In a MovieUpdates+ Twitter Space last week with senior editor Walter Thompson, Gupta spoke about the downturn’s impact on the startup and funding phase, which he seeks, and candid advice for aspiring founders trying to raise money during a correction. .

“You can still fund hopes and dreams, but only with smaller dollars, and you’ll generally give up a little more of your business in terms of dilution during an economic downturn,” Gupta said.

“I expect that to happen next year as well.”

(MovieUpdates+ is our membership program that helps founders and startup teams move forward. You can sign up here.)

Big Tech Inc.

  • In case you haven’t gotten enough streaming news yet, we’ve got more for you today. First, Amanda Silberling met an ambitious 17-year-old from Seattle who wants YouTube to fight for children’s rights so as not to be exploited for money as part of family vlogs — and help lawmakers draft bills to that effect. Meanwhile, FIFA adds a “plus” – a new streaming network – Spotify is renaming its live component and TikTok is launching its own AR platform.
  • Meta’s former head of M&A integration has found a new home with proptech startup Pacaso as its new COO. Lara Cumberland joins a number of other high-profile Meta employees who have left in the past year. Cumberland tells reporter Mary Ann Azevedo, “I saw a rare opportunity to bring my diverse experience and passions to the table.”
  • Don’t worry, we haven’t forgotten Twitter: Not only did it take over mobile engagement company OpenBack to improve its push notifications, but it also changed course with its recent change to deleted embedded tweets.

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