Daily Crunch: Nothing sets July 27 rollout for noise-canceling Ear (1) earbuds – TechCrunch

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Howdy and welcome to Every day Crunch for July 6, 2021. We’re again after a vacation right here in the US. Not that that stopped international know-how information, thoughts, so there’s loads to get into. Earlier than we do, yet another reminder about TechCrunch Early Stage later this week — your humble servant is working a session with enterprise capitalist Sarah Kunst about fundraising. It’s going to rock. — Alex

The TechCrunch Prime 3

In the present day’s Prime Three are all about battle. Between tech corporations, between tech corporations and governments, and between tech corporations and their shareholders. Get pleasure from:

  • Governments versus tech: The scrap between China’s authorities and Chinese language ride-hailing firm Didi escalated over the break, from the corporate having to cease accepting new customers to shedding its spot in app shops. The corporate’s inventory is down sharply in the present day. Our learn? China’s authorities crackdown on tech just isn’t over, and Chinese language corporations going public in America simply hit a tempo higher described as glacial. Associated: Twitter versus India continues to be rolling alongside, and it’s not going nicely.
  • A cloudy mess: Do not forget that big deal to award a cloud contract from the U.S. army to 1 main tech firm? Microsoft received; Amazon pitched a match. And now neither firm will get the $10 billion deal. Womp.
  • Field versus traders: Rounding out our battle protection, the most recent from Field. Former cloud storage darling and present-day public enterprise productiveness store Field is locked in a prolonged argument with activist investor Starboard. In the present day, Field went the company equal of supernova by releasing a TikTok video of its communications with the investing group, basically calling them out for hypocrisy. Not that that cost means a lot to amoral capital swimming pools trying to find above-market returns, however, hey, it made for some good headlines.

Startups/VC

In the present day’s startup information contains a lot of funding rounds, a neat new enterprise capital fund and a few SPAC information from house (and Earth):

  • Tremendous.mx raises $7.2 million: The Mexico Metropolis-based insurtech startup has put collectively a Collection A for its “managing common agent” strategy to providing protection. The startup claims to have the ability to “deal with your entire consumer expertise identical to a direct-to-consumer service, however with the breadth of product alternative supplied by an aggregator.”
  • Single.Earth raises $7.9M for crypto-carbon tokens: Right here’s an concept that I don’t absolutely perceive: linking carbon credit to tokens that characterize the actual world. That’s the gist of Single.Earth, which needs to shake up how corporations compensate for his or her carbon footprint. It makes use of MERIT tokens, and, per its web site, is making a “digital twin” of the pure world.
  • Wagmo raises $12.5M for higher pet insurance coverage: Insurtech is a sizzling market as a result of insurance coverage is a large market. So giant that even its subdivisions are attracting startup competitors. Wagmo — not Waymo, thoughts — needs to deliver extra pet providers into its product to cowl your pet extra holistically.

Subsequent, a brand new fund:

  • iFly.vc raises second fund price $46M: I don’t deliver you a lot new enterprise capital fundraises as a result of they appear a bit meta for our startup focus, however right here’s one regardless. Why embrace it? The enterprise capital group — which has a neat historical past, because the put up particulars — relocated from San Francisco to Austin in the course of the pandemic. That’s notable.

And from the SPAC beat:

  • House SPAC: Sattelogic goes public through a SPAC. Its deck is mild on previous outcomes and heavy on future incomes.
  • Earth SPAC: Nextdoor goes public through a SPAC. Its deck is way extra rooted in terrestrial issues, like trailing income.

Lastly, TechCrunch lined upcoming headphones from Nothing, a {hardware} upstart that we don’t know a lot about. Nevertheless it thinks its $99 headphone providing can compete with Apple’s AirPods Professional line. Which price 2.5x as a lot. If a startup can handle that, we’ll be tremendous impressed. And Nothing will likely be price a number of somethings.

Nothing founder Carl Pei on Ear (1) and constructing a {hardware} startup from scratch

In an unique interview with TechCrunch {Hardware} Editor Brian Heater, Nothing Founder Carl Pei mentioned the product and design rules underpinning Ear (1), a set of US$99/€99/£99 wi-fi earbuds that can hit the market later this month.

“We’re beginning with good units,” stated Pei. “Ear (1) is our first system. I believe it has good potential to achieve some traction.”

Regardless of Apple’s market share and the variety of gamers already competing within the house, “we’ve simply centered on being ourselves,” stated Nothing’s founder, who additionally shared preliminary advertising and marketing plans and mentioned the inherent tensions concerned with manufacturing client {hardware}.

“Every thing is a trade-off. Like if you happen to pursue this design, that has a ton of implications. Battery life has ton of implications on measurement and on price. The supplies you employ have implications on price. Every thing has an implication on timeline. It’s like 4D chess by way of trade-offs.”

Learn the total interview on Further Crunch.

(Further Crunch is our membership program, which helps founders and startup groups get forward. You may enroll right here.)

Large Tech Inc.

We received by a lot of the Large Tech information in our Prime Three in the present day, however there’s nonetheless a bit extra to your enjoyment:

TechCrunch Specialists: Progress Advertising

Illustration montage based on education and knowledge in blue

Picture Credit: SEAN GLADWELL (opens in a brand new window) / Getty Photographs

Are you all caught up on final week’s protection of progress advertising and marketing? If not, learn it right here.

As standard, in case you have a advice of a progress marketer we must always find out about, fill out the survey right here.



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