Apple urges users to update all devices after hacktivists reveal zero-day flaw


Hello and welcome back to Daily Crunch on September 13, 2021. This is Alex and I’m back! Many thanks to Greg for taking over last week while on vacation. It’s lovely to be back with all of you.

Before we dive into the news, a reminder what Disrupt is next week. So, make sure you have a ticket and go overboard. More here. It’s going to be a great show.

The TechCrunch Top 3+

  • The Apple-Epic war is far from over: While the internet digests the recent controversial ruling between Apple and gaming giant Epic, the latter part doesn’t let the decision settle. Epic is attractive. What is at stake is the monetization of mobile applications for years to come. Given the amount of money in the mix, it’s not a huge surprise that the legal dispute is taking time.
  • Welcome back to the IPO season: Toast, a software and hardware startup that is, well, Boston toast, is aiming for a big valuation gain on your IPO. Freshworks too. We are tracking both companies and will have more notes as they get closer to negotiation. Expect many, many more offers in the coming weeks.
  • China’s regulatory crackdown could hurt its cloud market: That’s the recent summary of a report that TechCrunch covered, looking at the largest Chinese software market. Today also broke the news that the Chinese government could split Ant, Alibaba’s financial subsidiary, and that the country wants to reduce the number of electric vehicle companies that its market currently supports.
  • LATEST NEWS TODAY: Apple has released a patch for a zero-day glitch “That affects all iPhone, iPad, Mac and Apple Watch” TechCrunch reports. Update your devices, folks.

Startups / VC

  • GrubMarket Raises $ 120 Million to Connect Food Producers with Consumers: Sure, you’ve ordered food delivery. That’s one part of the food game. But for distributors, wholesalers, and supermarkets, there are far greater needs to meet than what you and I can consume for dinner. That’s the market GrubMarket is involved in, and it just raised a lot of cash to keep its growth rates high.
  • BitSight raises from Moody’s, buys VisibleRisk: BitSight, a startup that “assesses the likelihood of an organization being breached,” according to TechCrunch, has bought an Israeli cyber risk assessment startup VisibleRisk for an undisclosed price. The Moody’s round invested $ 250 million in BitSight, funds we assume it used to snag VisibleRisk. What is the connection? Moody’s wants to use cyber risks in its credit ratings, we believe.
  • SpotOn also increases, buys a smaller company: Unicorn SpotOn, which provides fintech software and technology to small businesses, has raised a $ 300 million round that values ​​the company at $ 3.15 billion. It is also buying Appetize, “a mobile and digital commerce payments platform for businesses such as sports and entertainment venues, theme parks and zoos.” The round is notable not only for its size, but also because SpotOn raised at a valuation of $ 1.875 billion in May and a valuation of $ 625 million last year.
  • JumpCloud raises $ 159 million: JumpCloud sells cloud directory services and a number of other cloud-based identity services. It is now worth $ 2.56 billion, a considerable sum. Sapphire Ventures’ Jai Das led the round. He’s a good guy in my experience. The company increased its customer base by around 40% since last November. I asked the author of the story, Ron Miller why JumpCloud was cool enough for him to cover it. He said the company’s effort to “provide a range of identity services, such as single sign-on and multi-factor authentication” is important.
  • I guess it’s time to learn what DevSevOps is: Every technology wants its own neologism. DevOps. Adtech. Finservices. Hell, even Lakehouse from Databricks. Add DevSecOps to your personal lexicon. According to our own Ingrid Lunden, DevSecOps is “the area of ​​IT that addresses the needs of security teams and the technical work they have to do on their jobs.” Startup Rezilion just raised $ 30 million for its efforts to serve that particular market.
  • Everyone loves an ecommerce platform game: Shopify is great. BigCommerce is growing very well. And investors want to invest capital in the next similar effort. Enter Egyptian startup Capiter, which just landed a $ 33 million round to “help manufacturers and sellers distribute products and [ … ] access them on a single platform ”in Africa.
  • To close our home coverage, GM just invested in the Oculi radar software startup. The move fits perfectly into the trend for self-driving cars to get better and better over time, even if they haven’t already. there, If you like.

3 keys to pricing early-stage SaaS products

Every founder launching an enterprise software startup has to find the “right” pricing model for their products.

It’s a consequential decision: per seat licenses are easy to manage, but what if customers prefer a concurrent licensing model?

“Early pricing discussions should focus on the buyer’s perspective and the value the product creates for them,” says Yousuf Khan, partner at Ridge Ventures, who previously served as CIO.

“Of course,” he notes, “self-assessment is difficult, especially when you’re asking someone else to pay you for something you’ve created.”

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

Big Tech Inc.

Starting our little big tech section today, let’s pick up the automotive topic from GM news that we discussed earlier. Ford too made headlines today hiring Mike Modif to be their chief information officer and digital. Not surprisingly, Ford made such a hiring is a good indication of where the auto market is headed.

  • Instagram thinks you follow too many people: That is my reading of the effort of the social service to build a product on their service that will allow users to have accounts as favorites and thus not miss their updates. Algorithmic problems on the timeline I guess.
  • A Dutch judge saddens Uber: Sure, that’s a slightly subjective summary, but the news that a Dutch judge has ruled that Uber drivers are actually employees is the antithesis of the ride-sharing company’s position. Then it cannot be happy. And what is the opposite of happy?

TechCrunch Experts: Growth Marketing

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

Is everyone on top of last week’s growth marketing coverage? If not, read it here.

TechCrunch wants you to refer growth marketers with experience in SEO, social media, content writing, and more! If you are a growth marketer, skip this poll together with your clients; we’d like to know why they loved working with you.

Community

A composite image of immigration law attorney Sophie Alcorn in front of a background featuring a TechCrunch logo.

Image credits: Joanna Buniak / Sophie alcorn (Opens in a new window)

Join Danny Crichton on Twitter spaces tomorrow, Tuesday, September 14 at 2 p.m. PDT / 5 p.m. EDT as you discuss whether remote work will make H-1B visas redundant with Sophie alcorn, Alcorn Immigration Law attorney and guest columnist for “Dear Sophie” in Extra Crunch.




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