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Hello and welcome to the Daily Crunch of October 13, 2021! TODAY Newspaper features a fan favorite in the space, a startup called “Karat,” and the final resting place of ClassPass. But before we get to the latest from Startupland, if you’re into the realm of digital security, this one’s for you. – alex
Nerdshala Top 3
- Stripe comes back to crypto: Online payments giant Stripe is building a crypto team, despite withdrawing support for bitcoin payments in 2018. The decision by Stripe – one of the more respected global technology unicorns – to return to the blockchain world was cheered by crypto fans. What kind of competitive impact the move might have on other companies was less clear.
- Mindbody Buys ClassPass, Raises $500M: After several pivots, ClassPass stayed long enough to find a new home, we learned today. The prospect of selling Mindbody itself in an all-cash transaction was not what ClassPass had in mind, but there is clear synergy in the deal and with a lot of fresh capital, the combined corporate entity could have a tidy future.
- Shatner in Space: If you’re a fan of Star Trek, and I have to admit I’m not, it was a big week as series actor William Shatner took a quick whiff of going to space on one of Jeff Bezos’ rockets. Naturally, the market’s enthusiasm at such events will diminish in the coming years as such flights become more mundane – but even today people really care. There is so much interest in space flights that, we can’t help but keep writing about them.
Before we get into our usual gripe of startup news items, if you’ve been tracking the GitLab IPO, we have the latest for you on what the company is worth (lots) and its potential valuation across multiple market comps (well. from) how it stacks up.
- Today’s Tiger Round Hai Karat: Yes, the tech interview service has raised capital from Tiger, stacking a $110 million round at a valuation of about $1.1 billion. The round is notable for a Seattle-based company and shows just how hungry the market is for tech talent. Karat is hardly floating upwards in its target market.
- How TripActions grew its business and rebuilt its value: If you think back to the early days of COVID-19, startups providing travel-related services suffered a setback as their market dried up beneath them. One such company was TripAction. But the company is back, Mary Ann Azevedo reports for Nerdshala. And it has a new, bigger price tag to boot.
- The scale of content moderation will surprise you: What does it take to keep a major social platform free of filth? Or at least quite free of crap? A lot, TikTok tells us. The company removed 81,518,334 videos in the second quarter of 2021 Lonely. It’s probably not a cheap job.
- ScienceIO is taking in the messy medical data: And it has raised $8 million for its efforts, Nerdshala reports. ScienceIO is “using natural language processing and data analysis to build a massive database of patient data that can help stakeholders better understand and treat people,” we wrote. ScienceIO reminds us a Part What Truveta is trying to do. Truvata is one Key health care data sharing effort Led by a former Microsoft mute we’ve written about before.
- The load and bias increase the large range C for the work of MLOPS: DevOps is a well-known category of software. mloops, or machine learning operations, less installed. But weights and buys raised just nine figures for its MLOPS service and a host of major venture capital firms backing its efforts. read us? Creating tooling is hardly a complete task for a technical genius.
- And, from Canada: One of the best parts of covering startups is talking to people around the world who are building neat new companies and products. We are always learning about industries and markets that are less familiar to our present lives. Such is the case with Toronto-based startup Rose Rocket, which is taking the TMS, or transportation management system, market with new software. It turns out that the world of freight traffic isn’t completely digitized, and the startup wants to change that fact.
Inside Plaid’s Plan to Build a New, Global Finance Network
January 2020 seems like a long time ago: Billie Eilish stuns at the Grammy Awards, Tesla’s market cap makes it America’s most valuable car company, and Visa announces plans to buy Plaid for $5.3 billion.
A year later, the credit card giant shelved the deal after attracting regulatory scrutiny, but Ryan Lawler reports that “the year was not a total loss for the data connectivity startup.”
He spoke to CEO Zach Perrett, CTO Jean-Denis Graz and COO Eric Seger about what they learned while working with Visa and some of the new platform features designed to build customer trust while gaining better insights.
“Despite the outcome that we predicted when we went in, I think as a company we have come a long way and learned a lot,” Perrett said.
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Big Tech Inc.
- Here’s Nerdshala’s Apple Watch Series 7 review: Writing this to you while wearing an Apple Watch, I completely understand the irony of my following comment, but who is naming these things? The Apple Watch Series 7 – which coincidentally we liked – is as good a name as Microsoft Windows Vista Home Premium. Jokes aside, our own Brian Heiter took some really cool images for the above review that we wanted to highlight and admire.
- Draft Irish decision against Facebook may be toothless: A draft decision involving Facebook, the Irish Data Protection Commission and the GDPR could fine the social giant about $36 million. Which is like imposing a five-fine fine on you. That’s not a lot of punishment, and as far as warnings go, it’s the very opposite. Keep an eye on this place.
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