Billions of dollars were put to work, indicating that there’s still lots of room for startups to tackle big challenges around the world. But we recently learned just now big a 2021 startups from Africa had. It’s well-known by now that the continent is seeing rising venture capital totals. Startups/VCīefore we jump into news items involving one startup or another, let’s talk about Africa. Today Alchemy raised a huge grip of cash at a massive valuation – but it’s hardly alone in doing so.Īnd in case you missed it overnight, the Nvidia-ARM deal is kaput.
But perhaps more interesting is the capital flowing into the infra companies atop which much is being built.
All aboard the crypto infra boom: Backing individual crypto projects is good fun, as is buying up tokens in a new blockchain you believe in. What’s ahead for insurtech: Following our dive last week into the issues hitting some insurtech startups and continued venture interest in the category, TechCrunch took a look into which startups in the sector are set to thrive in today’s changing market. As it turns out, the CEO is out, as are thousands of other employees. Peloton CEO steps down, employees fired en masse: After reports broke that Peloton was halting production of its hardware due to falling demand, some sort of reshuffling of the home exercise company was on the horizon. All the cool kids will be there, so, be cool and come! – Alex TechCrunch Top 3 It’s a killer group of stories, bringing us around the world and from the earliest stages of startup activity to the top of governance.Ī quick reminder before we begin that our podcasts Equity and Found are doing live tapings this year. Hello and welcome to Daily Crunch for Tuesday, February 8, 2022! Today we’re talking layoffs, blockchain infra, a called-off mega-deal, and chip-based national security. To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m.
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