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Hello and welcome to the Daily Crunch of August 11, 2021. If you’re a Twitter user, today has proven to be divisive, thanks to a few design changes. We’ve had hardware news, mobility news, some pretty neat funding rounds, and even some startup media news. It’s a great day for Roundup. Also, if you are in the United States, you may have seen a message from FEMA today. FEMA is the US Federal Emergency Management Agency, and it has just tested its Emergency Alert System, or EAS. Given that the world seems to be constantly on fire, sick or under water, this is a great time for such an endeavor.
Before we go any further, health is hosting some of the most interesting founders in tech, and we’ll have some pretty cool breakout sessions to boot. Disruption is going to rock. – alex
ClearTips Top 3
- Twitter’s redesign changed: The Twitter is in the midst of something akin to a product renaissance, with the social media provider working on multiple projects at once. Hell, Twitter is working too tweetdeck. Today, however, Twitter stirred the pot with a web and mobile redesign that included a new font. Quell Horror! No, but people are really crazy.
- Here’s everything Samsung announced today: As expected, Samsung held a hardware event today. What did the hardware giant show? Galaxy Watch 4, Galaxy Z Fold 3 (Folding Smartphone Affair), Galaxy Z Flip 2 (A small folding smartphone) and new headphones. If you’re not into the iOS ecosystem, this is for you.
- Venture investment is not hurting by China’s regulatory shakeup. So far. After the Chinese government launched sweeping crackdowns on many domestic industries it found to be either too powerful, too unregulated or too monopolistic, the impact of the changes on startups and venture capital remains open questions. Preliminary Q3 data indicates things haven’t changed much, So far. But with SoftBank potentially pausing Chinese deals, big startup investments could suffer.
Before we get into our usual digest of the latest and biggest funding rounds from the world of venture capital and high-growth startups, two product-related notes.
First of all, Airtable just bought something! Yes, airtable, is doing spreadsheet deals worth about $5.8 billion in the future. Well one. company bought Bayes, which ClearTips calls an “early-stage visualization startup,” which also has a no-code focus. If you like Airtable, this could be good news.
Second, medium Reinventing its business model. Again. Yes, one more time. This time the company is making changes in its partner program. Now writers on Medium can run their own subscriptions, which account for half of their long-term revenue. It feels a little substack-y, but not in a bad way. Despite Medium’s inability to decide what it is, I remain moderately hopeful for the company for its profession of getting paid to appear words on the Internet.
Now, some funding rounds for your enjoyment!
- $40M for construction-focused computer vision: That’s the title of Doxel’s latest round, led by Insight Partners. The Series B brings the company’s total raised capital to just over $56 million. Doxel uses computer vision to track the progress of construction sites. It’s a neat model, and, according to the company, it still has its full Series A in the bank, thanks to “growth and booking traction” of enough size that it’s been “cash flow neutral” since the last increase. Used to be. Why pick up Doxel if the money was not needed? Because it can pad its accounts to a new, higher value, at least dilution. And you always want to pick up when you don’t need it. This is much cheaper than waiting for a cash crunch.
- Cart.com Raises $98 Million: Does the name Cart.com sound familiar? This can happen. Why? Because the Houston-based e-commerce tooling company has now tripled this year. So you can remember it from the other two times when it capitalized on its balance sheet in 2021. The company has now raised $143 million in total.
- Everstage Raises $1.7M for Sales Commission Software: old startup adage of Build software to replace manual spreadsheet processes is alive and well, it turns out. Everstage wants to take sales commissions, today “calculated on spreadsheets by finance teams” that give salespeople limited visibility, and turn them into highly limited software. Salespeople will dig it, seeing how complicated commissions can be and how important they are to the total of sales.
- Finally, Pave $16M . enhances To help companies “benchmark, plan, and communicate compensation to their employees.” Similar to how sales commissions can be Guardian, employee comp is a trickier issue. Payv wants to provide companies with more data so they can make better — and, we hope, more equitable — compensation decisions and generally improve employee lives. We dig it.
Gray Revolution: Fundraising within the Old Adult Space
Although older adults are one of the fastest growing demographics, they are quite inept when it comes to consumer technology.
The global population of people over the age of 65 will reach 1.5 billion by 2050, and members of this group – who lead long active lives – have money to spend.
Still, most startups continue to release products aimed at serving younger users, says Lawrence Kosick, co-founder of GetSetup, an edtech company that targets 50+ learners.
“If you can provide a valuable, scalable service to the older adult market, there are a lot of opportunities to drive growth through partnerships.”
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Big Tech Inc.
Well, listen, public tech companies were busier today. So, we’re going to be brief so that we can cram as much news as possible here:
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