Hyundai takes a dominating stake in an iconic robotics fellowship, Twitter acquires a screen-sharing startup and we round up some security-themed gift notions. This is your Daily Crunch for December 11, 2020.
The big floor: Hyundai acquires 80% stake in Boston Robotics
Boston Robotics is behind a number of impressive robots, including the dog-like quadruped Spot. In the last decades, it’s changed possession several times, with Google acquiring it in 2013, then selling it to Japanese asset heavyweight SoftBank in 2017.
After today’s consider, which costs Boston Robotics at $1.1 billion and is subject to regulatory approval, SoftBank will still own a 20% stake.
” Boston Dynamics will benefit greatly from brand-new asset, technology, affiliated customers, and Hyundai Motor Group’s global market reach enhancing commercialization the possibilities for its robot makes ,” Hyundai said in a press release.
The tech giants
Twitter acquires screen-sharing social app Squad — The part Squad team is participating Twitter, while the Squad app will be shut down tomorrow.
Europe urged to block Google-Fitbit ahead of major digital programme shakeup — Shoshana Zuboff, the Harvard professor who wrote the defining journal on surveillance capitalism, has become the latest voice invoked against the $2.1 billion deal.
Twitter app code indicates that live video broadcasting app Periscope may get closed down — If Periscope does get shut down, it would be the end of a five-year run.
Startups, funding and venture capital
Gorillas, the on-demand grocery delivery startup take Berlin by commotion, has raised $44 M Series A — Gorillas extradites groceries within an average of 10 minutes.
Sweden’s Tink grows $103 M as its open bank programme develops to 3,400 banks and 250 M clients — Tink aggregates a number of banks and financial services by way of an API.
Benchmark completes out its, yes, workbench, with Miles Grimshaw — From his announce as a general partner with New York-based Thrive, Grimshaw sourced lots in Lattice, Mapbox, Benchling and Airtable.
Advice and analysis from Extra Crunch
Cloud-gaming pulpits were 2020 ’s most overhyped tendency — The future of the technology is colors, but much less sexy.
General Catalyst’s Katherine Boyle and Peter Boyce are looking for’ obsessive’ benefactors — We sat down with Boyle and Boyce to discuss what they look for in benefactors, which areas they’re most excited about and how business has changed in the wake of the COVID-1 9 pandemic.
What to expect while fundraising in 2021 — DocSend CEO Russ Heddleston peers into a post-pandemic future.
( Extra Crunch is our membership planned, which aims to democratize information about startups. You can sign up now .)
Gift Guide: 9 security and privacy gifts to keep your friends and family safe — It’s a good time to evaluate how you’re keeping your data safe, and to help others in your life do the same.
Disney+ has plans for 10 Marvel demonstrates and 10 Star Wars establishes in the next few years — The company announced an bold slate of streaming originals.
Give the gift of Extra Crunch for 25% off — Speaking of Extra Crunch, TechCrunch books can send an annual body as a gift to a friend, own family members or co-worker for 25% off.
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