The box gets some financial ammunition against an active investor, Samsung launches the Galaxy SmartTag + and we look at the history of cryptocurrency. This is your daily crunch for April 8, 2021.
Big Story: KKR Invests $ 500M in Box
Private equity firm KKR is making an investment in Box, which should help the cloud content management company buy shares from activist investor Starboard Value, which otherwise claimed the majority of the board’s seats and forced a sale.
Following the investment, Aaron Levy will remain with Box as its CEO, but Bethany Meyer, an independent member of the board, will become chairman, while KKR’s John Park is joining the board.
“KKR’s move is perhaps the most important strategic move he has made since the IPO,” said Alan Pelz-Sharp of Deep Analysis. “KKR doesn’t just bring a lot of money to the deal, it gives Box the ability to shake up some naysayers and invest in further acquisitions.”
Samsung’s Airtag rival, the Galaxy SmartTag +, comes to help you find lost items via AR – it’s a version of Samsung’s lost item finder that supports Bluetooth low energy and ultra-wideband technology is.
Spotify remains silent about the launch of its voice command ‘Hey Spotify’ on mobile – access to the “Hey Spotify” voice feature is running more widely, but Spotify is not officially saying anything.
Verizon and Honda want to use 5G and edge computing to make driving safer – both companies are operating various safety scenarios at the University of Michigan’s McVity, a test bed for connected and autonomous vehicles.
Startup, Funding and Venture Capital
Norway’s Colonial revolted as Oda, a bag of $ 265M at a valuation of $ 900M to grow its online grocery delivery business in Europe – Oda’s aim to “a weekly store for prices that compete against traditional supermarkets” “Is to provide.
Tyne raises $ 26M Series B for its no-code security automation platform – before starting his own company in 2018, Tyne was both in senior security roles at co-founders Eoin Hench and Thomas Kinsella Document.
The co-founder of Yext unveiled Dynoscor, which dynamically synchronizes music and video – the first product from Howard Lerman’s new startup Wonder Invitation.
Additional crisis advice and analysis
Four strategies to get investors’ attention – MaC Venture Capital founder Marlon Nichols joined us in the early stage ClearTips to discuss their strategies for early-stage investing, and those lessons have been a successful success for budding entrepreneurs. How to change at launch.
How to get into Startup Accelerator – Neil Sales-Griffin, managing director of TechStar Chicago, explains when and how to implement Startup Accelerator.
Understanding how fundraising terms can affect early-stage startups – Fenwick & West partner Don Belt breaks some of the conditions that make traveling entrepreneurs for the first time.
(Extra Crunch is our membership program to help founders and startup teams move forward. You can sign up here.)
Culture of CryptoPunks – Ethereum’s “oldest NXT project” may not actually be the first, but it is the wildest.
Biden proposes gun control reforms followed by ‘ghost guns’ and close loopholes – President Joe Biden has announced a new initiative to curb gun violence described by him as “an epidemic” and “an international embarrassment” are supposed to.
Apply to Startup Battlefield in ClearTips Discharge 2021 – all of you determined to take on a killer pitch, an MVP, steel veins and drives and all comers to claim the coveted Comerte Cup.
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