Daily Crunch: Xeneta raises $80 million to build its real-time analytics platform for shipping and air transportation

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The incomparable Mike Butcher just celebrated 15 years at TechCrunch. You get less for a kill these days, so it’s a hell of a milestone, and (as far as we know) it hasn’t even seriously maimed, much less a kill, anyone. Great job Mike. We are glad you are here with us! — Christine and Hadje

TechCrunch’s Top 3

  • Crowdsourcing in the shipping world: Backers delivered $80 million to Xeneta, at a $265 million valuation, for the Norway-based company’s crowdsourcing approach to setting air and sea freight rates, Ingrid reports. Xeneta has already acquired 300 million data points from over 100 of the world’s largest shipping companies to understand the market price for certain routes.
  • The sound is on: The sound on the floor just got higher—Sonos’ new Sub Mini subwoofer drops October 6 in select markets. Darrell there is more.
  • Keep reaching for this wallet: The digital wallet just got some open source love, gender reports. The Linux Foundation created the OpenWallet Foundation to develop interoperable digital wallets and turn them from just a place to store your currency into a basically physical wallet replacement.

Startups and VCs

Meta Platforms looks at India’s growing startup ecosystem as it steps up its bet on the meta universe. The social giant has partnered with India’s IT ministry’s startup hub to launch an accelerator in the country to expand innovation in emerging technologies, including augmented reality and virtual reality, Manish reports.

Following the completion of the Ultimaker/MakerBot merger this week, the combined company is announcing a new name. The subject will be known as [drumroll, please] UltiMaker. Yes really. As for the merged names, this is not very exciting, since Brian comments in his article — but the executive shakeup has some juicier details in it: MakerBot CEO takes over and Ultimaker CEO steps down.

You sold your company. Now what?

A folded dollar bill tucked into the front pocket of a pair of jeans.

Image Credits: Nodar Chernishey/EyeEm (opens in a new window) / Getty Images

Scaling a company from concept to acquisition is a real accomplishment, but it’s not the finish line, according to investor and frequent TC+ contributor Marjorie Radlo-Zandy.

“You may wonder if the acquirer really understands your products, values, culture or customer needs that drive the business,” she writes. “Staff will wonder if there will be a place for them as part of another company.”

In her latest column, she shares “six guiding principles that will make a transaction successful” and help you achieve your full profit.

(TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here. Use code “DC” for 15% off annual subscription!)

Big Tech Inc.

It’s a day like Twitter! Elon Musk may regret one of his choices, but today most of Twitter’s shareholders were confident in theirs – they gave the green light to Musk’s $44 billion buyout offer, Taylor write. gender tells us this Twitter and Musk are due in court on October 17 to see if the social media giant can get Musk to make his purchase. In other Twitter news, we had fun ZakI’m looking what was revealed about the company when Peter Zatko, who can now be called “Mudge” and people know who he is, testifies before Congress. also today Aisha reported on Twitter streaming podcasts to Blue subscribers.

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