Daily Crunch: Microsoft backs Cruise

Autonomous vehicle business Cruise raises a $2 billion brand-new round, Netflix keeps growing and WhatsApp faces more personal privacy issues. This is your Daily Crunch for January 19, 2021.
The huge story: Microsoft backs Cruise
Cruise revealed today that it has actually raised $2 billion in brand-new financing at a $30 billion evaluation, with Microsoft signing up with as a new financier. (Previous backers GM and Honda likewise participated.).
This consists of a long-lasting tactical partnership in between the two business, with Cruise utilizing Microsofts Azure cloud platform for its yet-to-launch autonomous car ride-hailing service. Microsoft is likewise ending up being the favored cloud service provider for GM as part of the offer.
” As Cruise and GMs preferred cloud, we will use the power of Azure to help them scale and make autonomous transportation mainstream,” stated Microsoft CEO Satya Nadella in a declaration.
The tech giants.
Netflix shares skyrocket as it passes 200M paying subscribers– Netflix capped off a year of impressive streaming growth by adding 8.5 million net brand-new paying subscribers during the fourth quarter.
India asks WhatsApp to withdraw brand-new privacy policy over grave issues– Indias IT ministry said the upcoming upgrade to the apps data-sharing policy has actually raised “severe issues concerning the implications for the choice and autonomy of Indian citizens.”.
Apples new editorial franchise, Apple Podcasts Spotlight, to highlight interesting creators– The editorial team at Apple will choose new podcast developers to feature every month.
Startups, funding and equity capital.
Rivian raises $2.65 B as it pushes toward production of its electrical pickup– Rivian is now valued at $27.6 billion.
PPRO captures $180M at a $1B+ evaluation to unite the fragmented world of payments– The London start-up has actually developed a platform to make it much easier for markets, payment suppliers and other e-commerce gamers to allow localized payments.
Google backs Indias Dunzo in $40M financing round– Last year, Google unveiled a $10 billion fund to buy the worlds second-largest internet market.
Advice and analysis from Extra Crunch.
In 2020, VCs invested $428M into US-based start-ups every day– Thats according to information shared by PitchBook and the National Venture Capital Association.
Six investors on 2021s mobile gaming patterns and opportunities– “We are absolutely afraid of Apples ability to entirely disrupt/affect the growth of a game,” said Bessemers Ethan Kurzweil and Sakib Dadi.
Bustle CEO Bryan Goldberg explains his prepare for taking the business public– Bustle could eventually join the ranks of start-ups going public through SPAC.
( Extra Crunch is our membership program, which aims to equalize info about start-ups. You can register here.).
Everything else.
Europe is dealing with a common structure for vaccine passports– A common method for mutual acknowledgment of vaccination documents is of the “utmost importance,” the European Commission said today.
Paramount+, the follower to CBS All Access, releases March 4 in the United States, Canada and Latin America– The business had actually been promoting its prepare for the rebranded service given that earlier last year.
The Daily Crunch is TechCrunchs roundup of our most significant and essential stories. You can subscribe here if you d like to get this delivered to your inbox every day at around 3pm Pacific.

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