Daily Crunch: Plaid product updates signal to “own” more of the deposit process.

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Today is Wednesday, May 18, 2022 and we’re hanging out at our Mobility event, looking at cars that fly, drive on their own and experience various identity crises. Wish you were here if you weren’t, and hope to meet you if you are here! — Hadje and Christine

TechCrunch Top 3

  • Fintech finds footing in scamsA: Prevention, that is. Plaid provides new tools to enable users to more securely share data through their platform. He is not alone: ​​at Big Tech Inc. section, you’ll see that Stripe is also stepping out of its comfort zone. Ironically, all these new offerings make Plaid and Stripe even more competitive.
  • Bob Iger joins the Gopuff team: Now that former Walt Disney CEO Bob Iger is investing and advising Gopuff, the instant delivery company can give him his first assignment: how to maintain momentum in a crowded market. Gopuff confirmed that it has already had to make some layoffs as part of the restructuring and we are seeing companies in the sector. cut their ratings a la Instacart. This is the recipe for one challenging project – we can’t wait to see how Aiger pulls it off.
  • Tesla is not insured: A British company said it was able to unlock Tesla doors by hacking into the Bluetooth Low Energy technology used by Tesla to unlock and control the car through an app or key fob. It’s not just about Tesla, the company says – anyone using this type of technology is vulnerable. He recommended entering a four-digit PIN before you can drive, which is reasonable, but it’s another number you need to remember.

Startups and VK

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Green, green grass climate invests only received $1.7 billion support from Generation Investment Managementa sustainable public and private equity firm co-founded by Al Gore.

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On TS+, Alex miracles, in a world where everything is a little overrated, Do crypto startups suffer from being priced even higher than their non-crypto counterparts?.

Oh, we really have to work with some of the smartest and most thoughtful people. This week on stock Natasha asks How Digital Health Startups Build Successful Businesses in the world after Row.

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More? Do you want more? Okay then:

  • In the jungle mighty jungle: Singapore-based venture capital firm Jungle Ventures is deepening into Southeast Asia and India as it closes its fourth fund. Foundation IV is 600 million dollarswith $450 million in new investment and $150 million in follow-up investment, Ekaterina writes.
  • I think I will use my credit card: Mary Ann informs that payments and software launch SpotOn closed $300 million Series F funding. this values ​​the company at $3.6 billion.
  • Because cancer is like a snowflake: Every cancer is unique, because every person is unique, and one of the most important weapons in any fight against cancer is information. Isabl received a breakthrough designation from the FDA and raised $3 million bring your approach to market.
  • Pay off a loan without leaving: Keep Financial creates a platform for help employers provide retention bonuses in the form of grantswrites ingrid.
  • It’s better to be safe somewhere else than to regret where you’ve been: AmEx Ventures stakes $5M on Trelliswhich makes it easier to change insurance providers.

Five Building Technology Investors Analyze Trends and Opportunities for 2022

Well bought builders building a house

Image credits: Donald Ian Smith (Opens in a new window) / Getty Images

The technological advances we have made in the past 2,000 years are staggering, but the building industry still relies on age-old technology.

Setting up a cement mixing robot is relatively easy, but getting the CementTron 3000 to the job site, training workers, and keeping it up and running is not the kind of disruption builders are looking for, especially when profits are tight and workers are hard to come by.

However, investors are supporting startups bringing robotics, data management, automation and augmented reality into the construction process. To learn more about the market forces shaping this sector in 2022, we spoke to five investors:

  • Nikitas Kutupes, Managing Director of Insight Partners
  • Heinrich Greller, Partner, Speedinvest
  • Momei Qu, managing director of PSP Growth
  • Suzanne Fletcher, Venture Partner at Prime Movers Lab
  • Sungjun Cho, General Partner, D20 Capital

(TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here.)

Big Tech Inc.

Apparently it’s “new features day” (although we’re guessing it could be every day given how Big Tech uses them). Here’s what we saw:

Speaking of Apple, the tech giant is launching a new ad campaign targeting data brokers. In it, the company highlights how it allows its users to take away their personal information. Meanwhile in Spain, the country imposed a fine of 10 million euros on Google for non-compliance with the EU data protection program.

Amazon launches Smart Commerce in India, allowing convenience stores to join the wave of digital storefronts by creating their own e-commerce sites. It’s definitely something moving across Latin America, so we’ll see how it plays out in India, where 30 million stores are up for sale.




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