Helion Energy to use $ 500M Series E to boost its fusion energy efforts – TechCrunch

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Hello and welcome to Daily Crunch for November 5, 2021! We did it, everyone, happy Friday. Do not forget to take off in the direction of our next space event Before we hit exit speed and leave you behind! And have a relaxed weekend. We are all a little tired. – Alex

TechCrunch’s Top 3

  • How Cruise intends to make robotaxis a commercial reality: Curious why we’re still not driving around in computer-powered cars, putting up the days of wondering if right turns on a red light are allowed? I also. The answer is that getting to that point is a lot more work than people might have thought. Cruise is turning to simulators and custom silicon for his own endeavors. Hopefully they figured it out. I hate driving.
  • HashiCorp’s IPO details an open source powerhouse: It’s always fun to chat with companies that create open source code. Once a rarity, many startups today are working with code that is open to all. HashiCorp has followed the trend until filing an initial public offering, which we were beyond excited to read.
  • $ 500M + for commercial merger: While we’re on the topic of complicated tech challenges like self-driving cars, let’s talk about the merger for a minute. Helion Energy just raised $ 500 million for its efforts to extract energy from fusion reactions, with another $ 1.7 billion in sight if it can reach certain milestones. The question, TechCrunch notes, is whether the company can get more power from its fusion technology than it needs to operate. We’ll see.

Startups / VC

Before we get into specific news, if it looks like today’s venture capitalists are putting more capital to work, faster, while getting smaller ownership stakes in global startups, you’re right! The question is whether they are growing faster.

  • Lime increases the pre-IPO round: Now that Bird is a public company, it seems appropriate that his former archrival Lime is also preparing its own public offering. The eco-branded electric bike and scooter company just raised $ 523 million in new funding, including $ 418 million of convertible debt. Let’s see if Lime can shove off your way to an initial public offering in no time.
  • More money for autonomous driving technology: Speaking of nine-figure rounds for things that move, Momenta just added $ 500 million to its own coffers. China’s autonomous driving technology company had previously raised $ 300 million in a round it just extended. That’s a lot of duckets. At this point, I’m curious if we’ve seen more than $ 100 billion invested privately to tackle this particular tech challenge.
  • The new DJI drone is good, expensive: Drone technology has made huge strides in recent years, improving in almost every layer that interests us. Our own Matt Burns confirms this in his review of the new DJI Mavic 3. Sadly, it costs over $ 2,000, so it will fly out of the hands of most consumers.
  • Thirteen Lune raises $ 3 million, partners with major American retailer: The beauty market is big business and Thirteen Lune is bringing its direct-to-consumer beauty platform to the masses with a partnership with Target. That deal got TechCrunch to sit down and take note of the company’s funding and progress.
  • Today, with good names for startups, we present MilkRun: Regardless of whether you buy milk by the gallon or by dozens of gallons, we all eat and drink every day. MilkRun wants to feed you with its “subscription service that delivers weekly staples from small local farms,” reports TechCrunch. Now with a Series A of $ 6 million, the startup hopes to extend its growth which saw it increase revenue by 15 times in 2020.
  • And if you want TechCrunch to take recent venture capital data on female founders, we have just the podcast for you.

The holiday shopping season is coming: How are growth marketers preparing?

With just three weeks to go to the start of the holiday shopping season, Miranda Halpern reached out to several growth marketers to find out how they are advising their customers to prepare for supply chain disruptions.

Cargo ships are piling up outside ports and empty shipping containers are in short supply, as are the truck drivers who would take them to market. This is not the time to do business as usual.

To gather tips and ideas, he interviewed:

  • Julio López, Director of Customer Strategy, Retail Practice Leader, Movable Ink
  • Chris Toy, CEO and Co-Founder of Marketer Hire
  • Kristin Dick, Head of Operations and Growth Marketer, Tuff
  • Dipti Parmar, founder, Dipti Parmar Consulting

(TechCrunch + is our membership program, helping founders and startup teams get ahead. You can sign up here.)

Big Tech Inc.

  • Don’t be surprised that Tencent is making its own chips: So argues our own Rita Liao, who does a spectacular job in the rhythm of China. The Chinese tech giant got a boost in the stock market this week when it showed off new chips under its own imprint. With the news from Cruise and Tencent this week on the silicon front, perhaps we should expect all companies that exceed a certain market capitalization to have their own chips in the future.
  • “A flagship framework used by Google and dozens of other advertisers to obtain claimed consent from web users for spooky ad targeting appears to be in violation of Europe’s General Data Protection Regulation (GDPR)”, writes our own Natasha Lomas, our reporter on the subject of EU privacy. It turns out that a consent collection method to comply with GDPR is not, well, in compliance.

TechCrunch experts

dc experts

Image credits: SEAN GLADWELL / Getty Images

TechCrunch wants you to refer growth marketers with experience in SEO, social media, content writing, and more! If you are a growth marketer, skip this poll together with your clients; we would like to know why they loved working with you.

If you’re curious about how these polls are shaping our coverage, check out this TechCrunch + article by Miranda Halpern, “The Holiday Shopping Season Is Coming: How Are Growth Marketers Preparing?”

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