Amazon wades deeper into healthcare with its $3.9B buy of One Medical – TechCrunch

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Properly hey once more! It’s Thursday — warmth waves are warmth wavin’, and all of TechCrunch is psyched a few enjoyable and fascinating Robotics occasion as we speak. That’s not all that’s occurring, although. We’ve had 70 new tales on the location since our final e-newsletter, which implies that we received to find out about all kinds of untamed and fantastic happenings in our world of startups and firm constructing. It was extra-double-plus arduous to pick the perfect of the perfect for the e-newsletter, however we tried our greatest. Take pleasure in!  — Christine and Haje

The TechCrunch High 3

  • Amazon grabs a stethoscope: Amazon confirmed its continued curiosity in healthcare by saying its intent to accumulate main medical supplier One Medical for $3.9 billion. Ingrid writes that particulars are a bit skinny as to how One Medical will combine with Amazon, however it has individuals on Twitter questioning what {the marketplace} behemoth will do subsequent. And that’s simply the type of factor that Alex is sweet at. He dives into the deal to tell us simply what Amazon is getting for its billions.
  • Somebody’s received their eye on you: Manish brings us an replace on Indian edtech big Byju, which you may recall fired lots of of workers a month in the past. Now it looks like it should have some authorized troubles to deal with. A lawmaker is looking for an investigation into the corporate’s funds.
  • It’s not goodbye endlessly: Airbnb co-founder Joe Gebbia made waves as we speak, saying that he was stepping again from his position after 10 years to spend a while with household and see what else sparks his curiosity, Kyle stories. Gebbia will keep on the corporate’s board in an advisory position.

Startups and VC

At the moment has been a cavalcade of robotics. The articles that caught our eye particularly have been Brian‘s story, asking whether or not universities are doing sufficient to foster robotics startups, and Kirsten’s piece on Agility’s subsequent Digit robotic, which can have a face and arms. Additionally, don’t miss Brian’s Actuator e-newsletter, which covers what’s occurring in Robotics world. The latest challenge got here out yesterday.

We have been delighted to see TextExpander — who’ve been round for a sizzling minute however have been bootstrapping so far — increase a $41 million spherical of financing, as Ingrid stories. The corporate makes enterprise communications sooner by creating modular extendable textual content macros.

The opposite not-to-be-missed story as we speak is Anita and Natasha M’s WTF is a 409A — a vital piece it’s worthwhile to perceive if you need any hope of understanding startup valuations within the U.S.!

  • New Kenyan enterprise fund: After spending years in London, matching Kenyans within the diaspora with funding alternatives again house, Njeri Muhia sought a higher problem, founding Kenyan VC agency FrontEnd Ventures to again native founders, writes Annie.
  • Come fly with me: Chartering a non-public aircraft isn’t going to be low cost, however that doesn’t imply it could actually’t grow to be cheaper. AeroVanti Air Membership is saying a $9.75 million Sequence A to supply decrease hourly charges for its membership members, Frederic stories.
  • Bye, credit score scores: TomoCredit needs to make credit score scores a factor of the previous, and raises $22 million at a $222 million valuation to perform that purpose, Mary Ann stories.
  • You get a increase!: Expertise administration HR tech firm 15Five raises $52 million to spice up its personal efficiency, stories Ingrid.
  • I my-see-lium what you probably did there: Turning mushrooms into meaty goodness, Meati Meals raises $150 million to increase operations, Christine stories.

Progress cheat code: Use fractional hiring to remain on plan when slicing prices

A crowd of people wearing red, yellow, green and blue coloured shirts, forming a pie chart shape; fractional hiring for startups, hiring contractors

Picture Credit: Henrik Sorensen (opens in a brand new window) / Getty Pictures

As winter winds start to blow, main tech firms like Google, Microsoft and Lyft have every instituted hiring freezes.

Likewise, early-stage startups are below strain to scale back burn whereas preserving ahead momentum, however “fractional hiring is a progress cheat code” when used strategically, says Teja Yenamandra, co-founder and CEO of

“There may be now method much less competitors for the expertise you’re hiring, and also you could possibly lock in a rent who was unaffordable a number of months in the past.”

(TechCrunch+ is our membership program, which helps founders and startup groups get forward. You’ll be able to join right here.)

Large Tech Inc.

For those who’ve come right here for Tesla information, you’re in luck. The mobility, local weather and even crypto crews have been in full-coverage mode of the electrical automaker, supplying you with a number of information to rev your engines.

Harri and Kirsten dove into the corporate’s quarterly earnings, writing, respectively, about Tesla’s success within the photo voltaic sport and its quarterly decline in earnings. Over to crypto, Lucas stories on how Elon Musk not solely discloses that Tesla owns Dogecoin, but additionally that the corporate dumped 75% of its Bitcoin holdings. And at last, Rebecca writes that Tesla is rising the price of its self-driving software program, whereas on the similar time Jaclyn writes the corporate is on monitor to launch its battery-electric truck in 2023.

Now for some non-Tesla information. First up, Jagmeet stories that Amazon is India as the following place to convey its Challenge Kuiper satellite tv for pc web enterprise.

In the meantime, so many firms are hitting the pause button on numerous various things. One of many high tales sticking round from yesterday was Andrew’s piece on Google taking a two-week hiatus from hiring after which slowing down for the remainder of the yr.

And it isn’t alone: Kyle covers GitHub’s hiring pullback, whereas Paul writes about Simply Eat Takeaway scaling again in France.  Rebecca covers each Lyft’s layoffs amid a closure of its in-house automotive leases program and the U.Ok.’s App Drivers and Couriers Union placing their automobiles in park to strike in response to information that have been leaked about Uber. Lastly, Catherine stories on Zipmex pausing withdrawals from its digital belongings alternate.


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