Rapid CDN outage briefly puts Twitch, Reddit, and Pinterest offline – TechCrunch
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If you want to understand why the internet broke today, we’ve got the story you need. Guess it’s nice to read this story without Amazon’s fault for once. Or Cloudflare. Now that we think about it, there are a lot of points of failure for the Internet. Today’s culprit, Fastly, has gone down, taking a lot of the internet with him. But Fastly’s stock? Over 9% as I am writing to you. Understand this one – Alexis
The Top 3 TechCrunch
- How bottom-up sales helped Expensify pave the way for SaaS: The latest entry from TechCrunch’s deep dive into Expensify’s business ahead of its IPO is live today. Anne focused its latest installment in the five-part series on how the acclaimed expense management software company handled the growth that made it public.
- Personal computers are not dead: Remember when the iPad came out and PCs were supposed to be kaput? Now, they’re not dead yet, not far. In fact, here in the United States, PC sales were up 73% in the first quarter compared to the first quarter of 2020 numbers. And Apple lost its first location to HP, at least in America.
- Investors still love software more than life: The market for high growth tech companies is very dynamic right now, as evidenced by Monday.com’s IPO prices and expected investments from Zoom and Salesforce. The Israeli company is expected to debut in US markets later this week.
Startups and VC
We have three main blocks of news on startups this morning. The first deals with mainstream social apps, a category that has seen its ups and downs for the benefit of investors. The second is focused on fintech. And the third is a mix of fundraising rounds, big and small, to keep you up to date with the latest news.
2 turntables and a camera phone:
- Dispo’s Camera App Confirms A-Series Tour: After a resounding launch and fallout regarding a member of co-founder David Dobrik’s “Vlog Squad”, the social camera app confirmed what we heard earlier this year: that it had raised $ 20 million. It will be interesting to see when the company re-enters private markets, if it is able to.
- Turntable launches beta apps for Android and iOS: Turntable, similar to Turntable.fm but not the same app, launches early versions of apps for iOS and Android. Remember, Turntable raised half a million dollars earlier this year. Or that Turntable.fm, a competitor, is back from the dead. It’s very 2021 to have two startups on the market with the same name.
From the world of fintech:
- Nubank raises $ 750 million: Brazilian neobank Nubank is now worth $ 30 billion and has an additional three-quarters of a billion dollars in the bank. Its new capital is a kind of extension of its known G series, but at a higher valuation. Which means it’s a new round. But hey, we are in 2021 and the rules are over.
- Airbase start-up raises $ 60 million: In the wake of competing startups Ramp and Brex raising huge new tricks, Airbase has followed suit. The company is betting that its focus on midsize businesses and software will set it apart from its competition.
Our summary of the regular funding cycle:
- What happens when you cross the scores of easy consumer credit and subprime credit? Kafene will find out. The company raised $ 14 million to build what one of its founders called “Affirm for the subprime.” So buy now, pay later, but for people with traditional poor credit scores. Expect the “Affirm but for the rich” to come out next.
- Compose.ai is raising $ 2.1 million to help you write super, really, really, incredibly fast: The rise of GPT-3 has helped TechCrunch catch up with all kinds of neat, language-driven startups. Compose.ai is similar, although it uses its own AI. He wants to help everyone write faster and ultimately offer companies the option of having their own internal linguistic model to help everyone keep the same tone. [ed note:😬].
- If you cross 3D printing and rockets, you rake in $ 650 million: That’s the lesson Relatively Space taught us this week. It’s now worth $ 4.2 billion after its last fundraiser, and the company believes it can print its new heavy rocket in 60 days. It would shake things up.
- And the world of warehouse robotics is far from complete: That’s what Gideon Brothers, a Croatian robotics startup that just raised $ 31 million, says. Through Mike, “The investment will be used to accelerate the development and commercialization of ‘autonomous mobile robots’ or ‘AMR’ based on GB’s AI and 3D vision. “
ExtraHop network security startup jumps and jumps to $ 900 million release
News broke this morning that Bain Capital Private Equity and Crosspoint Capital Partners are buying ExtraHop, a Seattle-based network security startup.
Part of the network detection and response (NDR) market, ExtraHop’s security solutions are aimed at companies that manage cloud and on-premises assets, “something that could be useful while more in addition to companies are in this intermediate state “.
A year ago, ExtraHop was approaching $ 100 million from ARR and was considering an IPO. So we spoke to CTO and ExtraHop co-founder Jesse Rothstein to find out more about how (and why) the deal came about.
(Extra Crunch is our membership program, which helps founders and startup teams move forward. You can register here.)
Big Tech Inc.
Our Apple coverage isn’t complete yet: the company’s Realty Kit 2 will help developers create 3D models from iPhone photos. It’s a technology that sounds great, but I have to admit I’m curious about how it will be used in the market.
To conclude, Google is shaking up its Android search tools after colliding with a regulatory buzz, and Ford is making a small hybrid truck. This is very cute.