Databricks hits $ 38 billion valuation with $ 1.6 billion Series H – TechCrunch

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Hello and welcome to Daily Crunch for August 31, 2021. Today the TechCrunch machine was busy covering the first day of the Y Combinator Demo Day event, so expect to see all kinds of coverage on the site after it arrives. to your inbox. We bring you a summary in tomorrow’s edition, although we have a first sample below.

In disruption news, TechCrunch is reunite an artificial intelligence investor and a sci-fi author and will have lots on deck for new companies that currently obtain external capital. – Alex

TechCrunch’s Top 3

  • Databricks is now worth $ 38 billion: Data and artificial intelligence unicorn Databricks today confirmed its previously reported funding event, raising $ 1.6 billion at a valuation of $ 38 billion. TechCrunch spoke with the company’s CEO about what the money is for, and we dig a little deeper into their revenue results. the the late stage market has been busy, but this round of Databricks is big even by today’s risk standards.
  • More African startups than ever in the YC batch: As we write, Demo Day is ongoing, so most of our coverage from the first day will end too late to include it. But we take a look at African startups in the summer batch, and there are more than ever. Dice how active the African startup market is showing this year, we are not surprised.
  • Apna could be India’s next unicorn: Focusing on improving the skills of Indian consumers, Apna could become a unicorn if a round led by Tiger Global comes to fruition. TechCrunch reports that the round could be worth $ 100 million with a valuation of more than $ 1 billion. Edtech in India remains one of the key startup narratives in recent years.

Startups / VC

Since this is the last day of August, we assume the summer hiatus in funding events has come and gone. Not that we’ve really noticed a drop in volume, frankly, but anyway, we expect things to get even crazier in the coming weeks. Here is a sample of the rounds we cover today:

  • $ 200 million more to rack up Amazon merchants: Beyond Indian educational tech companies, another trend that has raised nearly infinite funds this year is startups raising capital to buy smaller e-commerce merchants, often with a focus on those selling on Amazon. Heroes is the latest to raise capital for the concept, with the UK-based startup adding a few hundred million to its accounts in one go.
  • Whoop, the Apple Watch Squad, Raises $ 200 Million: If you are a wearable fitness user, you may be familiar with Whoop. The company’s athlete-centric bracelet has helped Whoop raise more than $ 400 million, now valuing the company at $ 3.6 billion. That’s a lot of quilts for a fitness device. But since Whoop has a software fee built into their hardware, hence our Peloton analogy, it’s not just another hardware company.
  • Synthetic coffee arrives: Maricel Saenz, founder and CEO of Compound Foods, wants to create and sell coffee without beans. Why? Well, climate change is making it difficult to grow coffee beans, and the process is difficult for the environment. So why not synthesize your morning Java? I’m willing to try this, except that the coffee is delicious, so it’s going to take a bit of convincing myself to change my routines.
  • Borzo wants to bring on-demand to more markets: Dostavista delivery service changes its name to Borzo, uniting its multi-country business under a single brand. The startup, according to TechCrunch, was founded in 2012 and has a customer base of 2 million.
  • Quip, the former TechCrunch Disrupt Startup Alley, raises $ 100 million: Quip is better known as a toothbrush company, but it reached profitability last year, expanded its product line, and earned nine figures in new capital. Today, the company offers a large number of oral cleaning products, as well as invisible tooth aligners.
  • To close our home coverage today, Peak has raised $ 75 million to help non-tech companies create artificial intelligence applications. Peak, based in Manchester, England, wants to help companies that lack internal AI talent to apply the software technique in their own businesses. SoftBank Vision Fund 2 led the latest investment, which the company intends to use to scale its staff and reach new markets.

6 tips for establishing your startup’s global supply chain

The entry barrier for launching hardware startups has dropped; If you can run a successful crowdfunding campaign, you’re probably smart enough to find an overseas factory that can build your widgets to spec.

But global supply chains are fragile: No one expected an off-course container ship to block the Suez Canal for six days. Due to the pandemic, importers are paying nearly $ 18,000 to ship containers from China that cost $ 3,300 a year ago.

After spending a career powering supply chains on three continents, Liteboxer CEO Jeff Morin wrote a guide to Extra Crunch for hardware founders.

“If you have a clear eye on the challenges and apply some rigor and foresight to the process, the end result can be hard to match,” says Morin.

(Extra Crunch is our membership program, helping founders and startup teams get ahead. You can sign up here.)

Big Tech Inc.

  • TikTok wants to help match influencers and brands: That’s the conclusion from our story today that the “new TikTok Creator Marketplace API enables influential marketers to leverage source data.” Given how much we’ve read about astroturf influencers, the concept makes sense. And TikTok wants its top creators to make a lot of money on its platform so they stay. Expect to see more of this from other platforms in time.
  • Windows 11 launches October 5: As a Windows fan (and macOS fan, for the record), I’m a bit excited to try the latest version of Windows, although I am concerned if my CPU is new enough. Regardless, the new code will be released in early October, so the wait is almost over.
  • Now you can troll your friends on Spotify with your musical tastes: I love music? Do you have friends who love music? And do you enjoy different music from your friends? Good news! Now you can create mix-and-match playlists with your equipment, so you end up with a playlist that no one really likes.

TechCrunch Experts: Growth Marketing

Illustration montage based on education and knowledge in blue

Image credits: SEAN GLADWELL (Opens in a new window) / Fake images

TechCrunch Disrupt is in less than a month, and we’re excited to share that we’re giving away a free ticket through Experts. poll. Check the calendar of Interruptand read on for the details of the giveaway:

  • Have you already submitted a recommendation? That’s great – we count all previous survey submissions as one input for the outage ticket.
  • We will also enter the next 100 survey submissions into the drawing.
  • Want to submit 10 recommendations to increase your chances of winning? We love the enthusiasm, but we ask that you only submit one recommendation for each marketer you have worked with.
  • Not sure what to say in your recommendation? Start with the traits they had, what they did to help your company, how their work affected your business, and work your way from there.
  • We manually go through all the entries, so please don’t copy and paste the same answer multiple times.
  • Have a question about the giveaway? Email us at [email protected]

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