Friday, October 14, 2022

Andreessen Horowitz backs Synonym’s development of ‘fermentation farms’

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By Christine Hall and Haje Jan Kamps

Friday, October 14, 2022

Hot damn, it's happening: A bunch of the TechCrunch team are on airplanes, aeroplanes and other spellings of flying vessels to come join us in San Francisco for Disrupt. To say that we are excited would be using altogether too few syllables. Lauren S made us a user's guide to TechCrunch Disrupt along with a guide to all the receptions, parties and other cool extracurriculars. See you soon! — Christine and Haje

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Image Credits: Paper Boat Creative / Getty Images

The TechCrunch Top 3

  • What's another word for Synonym?: Ever heard of a "fermentation farm”? Well you have now. Christine covered Synonym Biotechnologies' pre-seed round, with big backer Andreessen Horowitz, in which the company plans to build giant fermentation farms so nonpharmaceutical companies can mass-produce bioproducts like dairy proteins.
  • A rose by any other name: "Ad," "Sponsored," whatever you want to call it, Google is making it so when you perform a mobile search, you will definitely know if it is some sponsored content or an organic search result. Ivan has more.
  • Legless for a while longer: We were promised legs, but now Ivan writes that it could be another year for any Meta leg-equipped avatars to appear in Horizon Worlds.

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Startups and VC

Even the largest landfills in Indonesia are at (or nearing) capacity, and the government has set an ambitious target of 30% waste reduction by 2025, reports Catherine.  Waste4Change is one of the companies that wants to help by increasing rates of recycling and enabling better waste management. The startup, which currently manages more than 8,000 tons of waste every year, announced today that it has raised $5 million in Series A funding, co-led by AC Ventures and PT Barito Mitra Investama.

And we have five more for you:

DIY: 5 ways disruptive component startups can win over OEMs

Ori Mor writes that hardware startup founders have a uniquely hard time. Only a small fraction of tech investors will even take meetings with them, and building product pipelines is often an irregular, even chaotic process.

Instead of relying on sales and marketing teams to build a customer base for his hardware components startup, Mor’s company started building devices that used his company’s tech.

“There’s no point rushing when building a hardware startup,” says Mor. “Instead, start by making just a single prototype that you can use to show OEMs.”

Three more from the TC+ team:

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription!

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Big Tech Inc.

Rebecca got the scoop on Sono Motors' new Sion solar electric vehicle and some face time with Whoopi Goldberg (pictures to prove it). Though the family-friendly vehicle comes in at $25,000, Rebecca points out that the interior is roomier than it looks from the outside, but also that no cup holders in the back might not go over with some American families.

And we have five more for you:

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Thursday, October 13, 2022

Google holographic video chat booth, Project Starline, finds its way into the real world 

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By Christine Hall and Haje Jan Kamps

Thursday, October 13, 2022

We just keep getting more excited about Disrupt, but it turns out there's other stuff going on in the world. A lot of other stuff, in fact; it's one of those days where keeping this newsletter to a manageable length was extra tricky. Here's what we came up with. Enjoy! — Christine and Haje

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Image Credits: Google

The TechCrunch Top 3

  • You, only holographic: Never mind the metaverse, Google is planning to test out its 3D video calling booths in the real world, Sarah writes. Called Project Starline, the booths use a bunch of cameras, sensors and 3D imagery to create a lifelike calling experience without that pesky headset.
  • Can I get a scoop?: Manish received confirmation that decentralized exchange company Uniswap Labs raised $165 million in funding to value the company at $1.66 billion. This is a follow-up to his scoop from last month.
  • Tweet, tweet: Catherine reported on Redbird's $7.6 million raise that has the analytics operating system soaring now that it can continue making data even more accessible to nontechnical users.

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Startups and VC

Any robotic system worth its salt has the potential to effect change, but some of the most exciting robotics breakthroughs are happening in the exoskeleton space right now, Brian reports. A team out of Stanford's Biomechatronics Laboratory just published the results of years-long research. The extent of the robot boot's real-world testing has thus far been limited to treadmills. The researchers behind it, however, are readying it for life beyond the lab doors.

There's a new VC fund in town — at least if you live in Paris, Romain quips. Meet Resonance, a new $150 million single-LP fund backed by Otium Capital, which is Pierre-Edouard Stérin's family office.

A ton of awesome news on the site today, but here's five that caught our eye:

6 tips for launching a blockchain startup

It will take much more than a downturn in the public markets, record inflation and global instability to get between blockchain founders and their dreams.

Unfortunately, “having a solid roadmap, real-world use cases and a war chest are only a small part of a blockchain startup’s survival strategy,” advises Wolfgang Rückerl, co-founder and CEO of Istari Vision and Entity.

Although it’s true that many of the skills required to launch an early-stage startup also apply to web3 companies, “the road to achieving success in the blockchain industry is paved differently,” he writes.

Three more from the TC+ team:

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription!

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Big Tech Inc.

Apple Card holders will get a side of Goldman Sachs as the two paired up to unveil a high-yield savings account, Sarah reported. She writes that this is "a big step" by both the consumer tech giant and investment bank to offer more traditional banking-like services to customers.

You want thingamabobs? I got five for you:

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Wednesday, October 12, 2022

Closed early-access product Relay raises $5M seed round to 'tackle collaborative workflows'

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By Christine Hall and Haje Jan Kamps

Wednesday, October 12, 2022

If you're joining us at Disrupt next week, here's an incentive for turning up early — we're recording our podcasts live onstage, and you can be in the audience! Fun fun fun! — Christine and Haje

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Image Credits: Relay

The TechCrunch Top 3

  • Automation nation: Jacob Bank knows what time it is. Paul writes that after selling his last startup to Google in 2015, Bank is back with Relay, a tool that wants to give people back some time by automating mundane tasks, particularly when it comes to the task we all love to hate — meetings.
  • “Bring your ideas to life”: Microsoft's Ignite conference was today (get the nitty-gritty in Big Tech Inc.), and Kyle has been following all things DALL-E, including Microsoft's investment in the AI-powered system for its new Designer and Image Creator tools.
  • Cuts run deep: Manish reports on the latest for Indian edtech giant Byju’s, which said today it would be eliminating another large chunk of jobs, this time 2,500, writing that the move was in efforts to "clear its debts and other balances in recent months."

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Startups and VC

Back in 2019, Microsoft launched Dapr, an open source project that aimed to make it easier for developers to build microservices on top of Kubernetes. Diagrid raised $24 million to launch a fully managed Dapr service, Frederic reports.

DataGrail has always been focused on helping companies comply with the growing world of privacy regulation. Today, it's building on that with a new automated risk monitoring solution that helps companies build third-party application risk assessments quickly. While they were at it, the startup also announced a $45 million Series C investment, Ron reports.

And here's a smattering of a few more for your enjoyment and delight:

Dear Sophie: How can I protect my H-1B and green card if I am laid off?

In our Dear Sophie column, our friendly immigration lawyer answers a question from Leap of Faith:

"I am considering leaving my current, steady job for a job with a big name in tech. I'm excited, but nervous. I've been hearing that you can lose your H-1B status if you are laid off. Is there any way I can protect my immigration status while making a bold job move?"

Three more from the TC+ team, with a sprinkling of lyrics for good luck:

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription!

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Dear Sophie: How can I protect my H-1B and green card if I am laid off? image

Image Credits: Bryce Durbin/TechCrunch

Big Tech Inc.

Check out what happened when Taylor's virtual torso went to Meta Connect 2022, where Meta announces legs (as Lucas reported), and Amanda shows you what you might have missed.

Meanwhile, as we noted above, Microsoft held its Ignite conference today, where Brian, Frederic and Kyle found lots to write on. For example, hybrid work setups, more Apple integrations, avatars for Teams, new Power Automate features, invite-only access to DALL-E 2 for select Azure OpenAI Service customers, automated document and data processing services, updates to Microsoft Edge, new cloud security services and upgrades to Microsoft's suite of laptops and desktop computers.

In other news:

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