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Hello and welcome to the Daily Crunch on November 3, 2021. What a day! Despite the US Federal Reserve’s announcement of a slowdown in its bond buying program, stocks rose again. It’s stack-you-win, stack-you-are still on the stock market lately. Economy is not good enough for tightening? Equities are rising in a comfortable central banking environment. Economy good enough for tightening? Stocks rise on good economic news. Sure. I guess that’s good news for startups looking to retire. – Alexis
The Top 3 TechCrunch
Startups / VC
- The Gopuff model is going international: As TechCrunch notes, fast on-demand delivery is big business in the world today, and Breadfast wants to own the model in Egypt and across Africa. The business started out as a bread delivery business, but has since branched out. And he just raised $ 26 million.
- The United States bans the NSO group: Software created by the NSO Group has been used by authoritarian governments to spy on journalists, dissidents and others the powerful do not like. The US Department of Commerce has just added NSO to its list of entities, shutting down trade with the company in the United States. Progress.
- Australia claims facial recognition startup broke its laws: Also from the pace of security, there is news from Down Under that Clearview AI “broke national privacy laws by covertly collecting facial biometric data from citizens and incorporating it into its correspondence service. identity powered by AI ”. Canada came to a similar conclusion.
- Radar or lidar? A new round of funding for Spartan Radar – which follows quickly after a previous investment – indicates that the market has yet to determine which technology will pave the way for self-driving cars.
- Ethyca wants to help developers write privacy protection software: Fresh with new funds, Ethyca is making its Fides toolset open source so that “developers can create privacy tools and monitoring mechanisms directly in their code bases.” As a result of the above privacy news, it looks like a very good day for consumers. At least directionally, I guess.
- Even more money for e-commerce rollups: The drive to consolidate e-commerce brands is a global business. We’ve heard of a lot of activity – and the resulting mega-tours – in North America and Europe. Today, Una Brands has raised even more capital for its work of a similar nature focused on APAC.
- Payhippo Raises $ 3 Million for Small Business Loans in Africa: Some quick notes here. First of all, African fintech has been in the midst of fundraising lately, so we’re not surprised to see more activity from the sector. Second, Payhippo’s model is focused on SME lending, which we dig. And, third, Payhippo is a big name for a startup.
- Completing our coverage of startups today is an essay by Victoria Pettibone, Managing Partner of Astia Fund, stating that “VCs need to do a better job supporting black women founders.”
Founders make a buzzing, corporate-backed comeback
We’re a long way from achieving parity or representation in seed funding, but the gender gap is narrowing, according to data from PitchBook.
Funding for US-based startups founded by women nearly doubled last year: So far in 2021, women-led businesses have closed 2,661 deals worth $ 40.4 billion. dollars.
“So far in 2021, the regression has more than stopped,” report Natasha Mascarenhas and Alex Wilhelm. “Indeed, he shot the other way.”
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Big Tech Inc.
Before diving into general Big Tech news, take advantage of this dive into the biggest tech news – growth in the cloud. You know, that remote data center where all your software runs.
- Social media disinformation is more than a Facebook business: After some damning revelations about Kenyan President Uhuru Kenyatta, Twitter was inundated with messages of… support. Astroturfing is not a new concept, but when presented as clearly as it is in this case, it’s extra gross.
- Instagram Twitter Hearts: After a long time in which Instagram accounts were content to post images of tweets, Meta property – Facebook protectorate? Zuck’s Protectorate? – brings back Twitter Card previews. Rejoice, all of you who still use the unique photo sharing app.
- Cash app for teens: Kids are having a good time these days. I had a check when I was young. And after that, it was mainly necessary to transport money. Today, Square is rolling out support for teens to use the Cash App, provided they have parents to monitor their activity.
- To complement our coverage of major tech companies, the DoorDash news: The US delivery giant has built something it calls “SafeDash,” a security toolkit for its delivery people. It’s a partnership with ADP that can help keep DoorDashers safer than they are on their own.
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