Technology

Daily Crunch: Israel-Based Stroke Therapy Tech Startup BrainQ Raises $40M

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Hello and welcome to Daily Crunch for August 16, 2021. While the world deals with myriad issues, we’re sticking to our usual remit. Hugs and love to everyone, and here’s hoping for a better tomorrow. — Alex

The TechCrunch Top 3

  • How Nuro is taking on Google, the world: The race to build commercial-ready self-driving cars is big, well funded and competitive. And companies are taking diverging paths in their approach to the autonomous driving question. Nuro is one such company, and TechCrunch has the inside scoop in our latest EC-1. Enjoy!
  • Tesla under investigation for Autopilot crashes: Speaking of self-driving cars, Tesla’s efforts on the project are in the spotlight after a number of collisions between the company’s cars and parked first-responder vehicles. Tesla’s diver assistance program appears to be the culprit. How you feel about the inquiry will depend on whether you hold Tesla stock, but the situation underscores just how hard it is to get self-driving, full or not, to work in the wild.
  • Chime, Carta and Discord: As U.S. unicorns raise new mega-rounds, or work to close their next epic funding round, TechCrunch wondered what the rash of startups worth $10 billion or more could mean for startups earlier in their lifecycle. The news is good for startups and their founders alike.

Startups/VC

  • Guilded sells to Roblox: Microsoft failed to acquire Discord, but Roblox didn’t miss when it came to Guilded. Admittedly, Guilded is a far smaller company than Discord, but the two startups play in the same space, so the Roblox deal really does matter. The market for gamer chat apps is probably big enough to support a few players, but Roblox, flush with cash, was more than happy to pony up for Guilded, which raised just over $10 million while private.
  • Tropic raises $25M for better software procurement: The pandemic taught the world that software gets paid for. Why? Because without it business literally stops. Software companies did well during the pandemic thanks to the centrality to regular operations that their business enjoyed. But no one wants to overpay. That’s where Tropic comes in — and now the startup that wants to help others spend less on software has $25 million to play with.
  • Shopistry raises $2M for better headless commerce: We are presuming that this startup’s name is pronounced SHOP-istry, else it would make little sense. Regardless, Shopistry is building a modular e-commerce service that it thinks is better than other headless e-commerce services. It has pretty big competition in BigCommerce and Shopify, but those companies were also once wee startups.
  • BrainQ wants to transform stroke rehab: At-home stroke therapy startup BrainQ has racked up a $40 million round, TechCrunch wrote today. What does its hardware do?

 » Read More

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