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Hello and welcome to Daily Crunch for July 27, 2021. Today is a good day not only because the US women’s national soccer team is heading to the quarterfinals of the Olympics (shout Carli Lloyd of Gotham!), but also because Danny Crichton just posted an incredibly interesting EC-1 investigating RapidSOS. Danny has written extensively on disaster technology, a kind of growing industry given the changing climate. Okay, now to the tech news! – Alex
TechCrunch’s Top 3
- Edtech’s changing center of gravity: The rubble is still settling after Recent Chinese regulatory changes it affected the edtech, on-demand and music streaming businesses in the country. Natasha Mascarenhas he probed the educational technology market, asking investors where they planned to invest in the future. The gist is that while China was once the center of the educational technology universe, it may quickly lose that crown to a more global set of access points to educational technology.
- Africa’s burgeoning startup ecosystem: TechCrunch’s long-term dive into the second quarter venture capital market is drawing to a close this week, but not before we investigated the African startup market, a growing space that is increasingly attracting the attention of investors and the media. Certainly some great starts haven’t hurt. But while the capital raised by African startups is growing rapidly, there are still some blank spaces. Let’s see if investors pounce.
- Without code it is still very hot: If you want to have a weird day on Twitter, tweet that you don’t like the no-code concept. You will get a lot of notes from people who disagree. That passion among the hoi polloi is also reflected in the interest of investors. This time around the funding tree is Bubble, which just closed a $ 100 million round to help anyone “get started building modern web applications using a click-and-drag interface that can connect data sources and other. software in a fluid interface, “according to our reports.
Startups / VC
Starting with today’s kicker notes, let’s talk stocks. Startup actions, to be precise. Most investors get preferred stocks, because they can demand better equity as they bring capital to the table. Founders and staff tend to acquire common stock. Which, as the name implies, is not as good as preferred. But there is a Boston venture capital firm called Pillar VC that buys common stocks on its investments. One of his investors, Jamie Goldstein, wrote an essay for TechCrunch sharing what you have learned from the process. It is worth reading.
Before starting the funding rounds, NowRx CEO and Co-Founder Cary Breese wrote an opinion piece for TechCrunch discuss the delivery market. Given the amount of money flowing into so-called instant grocery startups, it is well worth your time as well.
- $ 200 million for sensors as a service: That’s the news from Wiliot, who just put a ton of SoftBank Vision Fund 2 money in his pockets to turn his “ultra-thin and light” processor that “runs on ambient power” into a service that he can sell to others. Very cool.
- Meet the latest crypto unicorn: It’s Fireblocks: With its new round of $ 310 million, the company is now worth $ 2.2 billion. What does? According to our own report, Fireblocks “aims to offer financial institutions an all-in-one platform to run a digital asset business, providing them with infrastructure to store, transfer and issue digital assets.” Between this and the recent FTX deal, it is clear that there is still a huge appetite from investors for continued crypto stakes.
- 1Password raises an additional $ 100 million: Accel is back, putting big checks on largely self-sufficient companies. This time it’s a duplication of 1Password, a software service that helps individuals and businesses alike create and manage super-secure passwords. The company competes with LastPass, among other companies. The company is now worth $ 2 billion and recently crossed the ARR milestone of $ 120 million. That’s pretty good, even if the company’s revenue multiple implies that it’s no longer growing at initial speeds. (How about an S-1? Anyone?)
- Oova wants to help people conceive: The startup just landed a $ 1.2 million round to help people determine their optimal fertility window and provide information that their healthcare provider can use to confirm ovulation. There are two groups of people in the world. Those who have not dealt with fertility related issues and those who have. For this latest set, Oona’s newly released kit and lenses are good news.
The RapidSOS EC-1
By one estimate, Americans make 240 million calls to 911 each year.
Sending emergency services to the correct location seems straightforward, but each call is routed through one of thousands of call centers known as Public Safety Answering Points (PSAPs).
“Each 911 center is very different and they are as diverse and unique as the communities they serve,” said Karin Marquez, RapidSOS senior director of public safety.
One PSAP serving New York City is a 450,000 square foot blast-resistant cube located on nine acres, but “there are agencies in rural America that have one person working 24/7 of the week and are there to answer three calls a day. day, ”said Márquez.
Founded eight years ago, RapidSOS processes more than 150 million emergencies each year at approximately 5,000 PSAPs. The company’s technology helps call centers integrate requests from cell phones, landlines, and IoT devices.
“Your technology is almost certainly built into the smartphone you carry and many of the devices you have out there,” writes editor-in-chief Danny Crichton in a four-part series that looks at the origins of the company:
- Part 1: The early years and why a consumer apps company turned to govtech and integrated services for technology and device companies.
- Part 2: How RapidSOS Made Its Pivot And Why Its Current Business Model Has Worked So Well.
- Part 3: To transform 911 services, RapidSOS established dozens of corporate and individual partnerships.
- Part 4: Examines the future of 911 and RapidSOS in light of limited funding for infrastructure.
“Honestly, I’ve never known a company like RapidSOS with so many signed partnerships,” says Danny, who initially wrote about the company six years ago.
“He has closed dozens of partnerships and business development deals, and with some of the biggest names in technology. As it does? This story is about how he built a successful BD engine. “
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Big Tech Inc.
TechCrunch is about to dive into a whole Big Tech earnings mess at one point, so we’ll be short on Big Tech news today. Here’s a quick summary:
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