Published On: Wed, Jan 20th, 2021

Daily Crunch: Microsoft backs Cruise

Autonomous car association Cruise raises a $2 billion new round, Netflix keeps flourishing and WhatsApp faces some-more remoteness concerns. This is your Daily Crunch for Jan 19, 2021.

The large story: Microsoft backs Cruise

Cruise announced currently that it has lifted $2 billion in new appropriation during a $30 billion valuation, with Microsoft fasten as a new investor. (Previous backers GM and Honda also participated.)

This includes a long-term vital partnership between a dual companies, with Cruise regulating Microsoft’s Azure cloud height for a yet-to-launch unconstrained car ride-hailing service. Microsoft is also apropos a elite cloud provider for GM as partial of a deal.

“As Cruise and GM’s elite cloud, we will request a energy of Azure to assistance them scale and make unconstrained travel mainstream,” pronounced Microsoft CEO Satya Nadella in a statement.

The tech giants

Netflix shares soar as it passes 200M profitable subscribers — Netflix capped off a year of considerable streaming expansion by adding 8.5 million net new profitable subscribers during a fourth quarter.

India asks WhatsApp to repel new remoteness process over ‘grave concerns’ — India’s IT method pronounced a arriving refurbish to a app’s data-sharing process has lifted “grave concerns per a implications for a choice and liberty of Indian citizens.”

Apple’s new editorial franchise, Apple Podcasts Spotlight, to prominence engaging creators — The editorial group during Apple will name new podcast creators to underline each month.

Startups, appropriation and try capital

Rivian raises $2.65B as it pushes toward prolongation of a electric pickup — Rivian is now valued during $27.6 billion.

PPRO nabs $180M during a $1B+ gratefulness to move together a fragmented universe of payments — The London startup has built a height to make it easier for marketplaces, remuneration providers and other e-commerce players to capacitate localized payments.

Google backs India’s Dunzo in $40M appropriation turn — Last year, Google denounced a $10 billion account to deposit in a world’s second-largest internet market.

Advice and research from Extra Crunch

In 2020, VCs invested $428M into US-based startups each day —
That’s according to information common by PitchBook and a National Venture Capital Association.

Six investors on 2021’s mobile gaming trends and opportunities — “We are really aroused of Apple’s ability to totally disrupt/affect a expansion of a game,” pronounced Bessemer’s Ethan Kurzweil and Sakib Dadi.

Bustle CEO Bryan Goldberg explains his skeleton for holding a association open — Bustle could eventually join a ranks of startups going open around SPAC.

(Extra Crunch is a membership program, that aims to democratize information about startups. You can pointer adult here.)

Everything else

Europe is operative on a common horizon for ‘vaccine passports’ —  A common proceed for mutual approval of vaccination support is of a “utmost importance,” a European Commission pronounced today.

Paramount+, a inheritor to CBS All Access, launches Mar 4 in a US, Canada and Latin America — The association had been touting a skeleton for a rebranded use given progressing final year.

The Daily Crunch is TechCrunch’s roundup of a biggest and many critical stories. If you’d like to get this delivered to your inbox each day during around 3pm Pacific, we can allow here.

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