Technology
Canoo’s latest defeat, stories from Waymo players and what Trump’s victory means for Elon (and his corporations)
Welcome back TechCrunch Mobility – Your central hub for news and insights on the long run of transport. Register here for free – just click TechCrunch Mobility!
The election has only been two days and there may be already numerous speculation concerning the next election Trump’s presidency will mean for transport and technology, in addition to related sectors akin to energy and climate. Many of those questions will take months to reply. We will observe and report on what impact this may increasingly have on the long run of transport.
Early on, we produced several articles that examined who might win, who might lose, and how specific sectors might deal with changes in governance in the chief and legislative branches. TC reporter Tim De Chant provided evaluation on why President-elect Trump may find it difficult to lighten the mood Act on reducing inflationand reporter Rebecca Bellan examined what this victory could mean Elon Musk and his corporations including Tesla, SpaceX and X.
Little bird
A little bit bird told us that Tesla has definitely given up on its $25,000 electric vehicle and replaced it with a robotaxi. The breakthrough that got here in April, when Musk announced that Tesla would unveil its robotaxi this 12 months, got here as a surprise to many Tesla employees who were enthusiastic about the opportunity of constructing a less expensive electric vehicle that their children could sooner or later afford. This change in strategy, combined with mass layoffs earlier this 12 months, led to low morale amongst employees and even some departures. But our little bird says morale is slowly improving.
In other baby bird news…
Just a few little birds told us concerning the launch of electrical vehicles Canoo struggled with executive departures and more furloughs. Just a few days later, before the newsletter was able to ship, our information was verified in a regulatory document: the CFO and general counsel had left, which, amongst other things, resulted within the furloughing of 30 employees.
You can even see these instructions to learn the best way to contact us via the encrypted messaging app or SecureDrop.
Offers!
Beta technologiesstartup developing electric planes for vertical takeoff and landing had an enormous round of funding — 318 million largeand yes, I mean dollars. The Series C financing round was led by Qatar’s sovereign wealth fund. Fidelity, TPG and United Therapeutics, which can also be a client, joined the round. This brings Beta’s total funding to over $1 billion. Not a word concerning the valuation.
As Rebecca Bellan noted in an article earlier this 12 months, Beta doesn’t wish to run its own urban air taxi network. Beta is positioning itself more as an OEM that may sell aircraft and charging solutions to multiple customers. The company has assured security for customers within the defense, cargo delivery and medical logistics industries – akin to United Therapeutics, UPS, Air New Zealand and the United States Air Force – with plans to launch products in these markets by 2025.
Other offers that caught my attention…
DeepRoute.aiShenzhen-based autonomous driving technology startup raised $100 million from Great Wall Motor. The funding is meant to assist DeepRoute introduce automated driving systems to as many vehicles as possible in China before Tesla launches next 12 months.
Last week we reminded you Waymo closing a $5.6 billion round from parent company Alphabet. Well, Bloomberg spotted the valuation, which their sources say is currently at $45 billion.
Van revised the valuation of Indian passenger transport startup Ola to around $2 billion at the tip of August.
Xavveostart-up coping with autonomous vehicle sensor technology, raised $8.6 million in a seed round co-led by Vsquared Ventures and imec.xpand.
Noteworthy reading and other interesting facts
Autonomous vehicles
Lift announced three separate partnerships — with a startup May mobilityautomated vehicle company Mobileyeand the corporate’s smart dash camera Nexar — all aimed toward gaining a foothold within the emerging autonomous vehicle market. All of those Uber and Lyft partnerships take me back to the hype days of AV in 2017 and 2018.
Electric vehicles, charging and batteries
Ferry said it is going to halt production of the F-150 Lightning electric pickup truck starting in mid-November for nearly two months because it grapples with reduced demand, increased competition and losses in the electrical vehicle industry.
Hurry up unveiled by an Electric camper concept which he describes as “the perfect escape pod,” Ars Technica reports.
Technology and software within the automotive
Reporter Sean O’Kane spoke with Rivian’s software chief Wassym Bensaid on the sidelines of TechCrunch Disrupt and learned that it’s working on an ecosystem for third-party developers that may make more apps available on the vehicle’s infotainment system.
This week’s wheels
This week, I’m reaching out to a handful of TechCrunch staffers who took their first Waymo rides while in San Francisco for Disrupt 2024. I’ve ridden many autonomous vehicles, including a driverless Waymos, so I assumed it might be fun to share a newbie’s perspective.
Venture reporter Dominic-Madori Davis said: “I thought I would hate Waymo, but I didn’t. He drove like my mother. Quite careful, very slow. I felt as safe as I could in the self-driving car, and honestly, I was glad I didn’t have to talk about the weather.”
AI and enterprise reporter Kyle Wiggers said “it’s nerve-wracking, especially when other cars pass us.” Sitting with a shotgun, the entire experience felt unnerving. I expected the worst.” I asked him if he would take one other Waymo, and his answer was, “Yes, but carefully.”
Venture editor Julie Bort went on three rides. She noted that her first ride was somewhat scary because she “turned a bit wobbly in a narrow lane next to a row of parked cars.” He also did not turn right on a red light, which resulted in frustrated people honking. She also noticed that sometimes the costs were much higher than what Uber would charge, and the drop-off locations were strange and just across the corner.
“All in all, it was a fun experience and if the car price is as affordable as other rideshares, I will do it regularly,” Bort told me. “But while it solved one security problem, it introduced others.”
Reporter Amanda Silberling said: “Waymo is like a roller coaster. It’s funny because it seems a little dangerous, but like a roller coaster, you know it’s been tested ad nauseam so it’s probably okay? If I wasn’t on a business trip with a corporate card, I don’t know if I could see myself using it because in many cases it was more expensive than Uber. Overall, I’m surprised at how safe I felt on Waymo rides, even though when I told my friends I was riding Waymo, they made me promise to text them once I arrived safely at my destination. My friends would react the same way if I was alone on the subway after midnight.”
Technology
Wiz acquires Dazz for $450 million to expand cybersecurity platform
Wizardone of the talked about names within the cybersecurity world, is making a major acquisition to expand its reach of cloud security products, especially amongst developers. This is buying Dazzlespecialist in solving security problems and risk management. Sources say the deal is valued at $450 million, which incorporates money and stock.
This is a leap within the startup’s latest round of funding. In July, we reported that Dazz had raised $50 million at a post-money valuation of just below $400 million.
Remediation and posture management – two areas of focus for Dazz – are key services within the cybersecurity market that Wiz hasn’t sorted in addition to it wanted.
“Dazz is a leader in this market, with the best talent and the best customers, which fits perfectly into the company culture,” Assaf Rappaport, CEO of Wiz, said in an interview.
Remediation, which refers to helping you understand and resolve vulnerabilities, shapes how an enterprise actually handles the various vulnerability alerts it could receive from the network. Posture management is a more preventive product: it allows a company to higher understand the scale, shape and performance of its network from a perspective, allowing it to construct higher security services around it.
Dazz will proceed to operate as a separate entity while it’s integrated into the larger Wiz stack. Wiz has made a reputation for itself as a “one-stop shop,” and Rappaport said the integrated offering will proceed to be a core a part of it.
He believes this contrasts with what number of other SaaS corporations are built. In the safety industry, there are, Rappaport said, “a lot of Frankenstein mashups where companies prioritize revenue over building a single technology stack that actually works as a platform.” It could be assumed that integration is much more necessary in cybersecurity than in other areas of enterprise IT.
Wiz and Dazz already had an in depth relationship before this deal. Merat Bahat — the CEO who co-founded Dazz with Tomer Schwartz and Yuval Ofir (CTO and VP of R&D, respectively) — worked closely with Assaf Rappaport at Microsoft, which acquired his previous startup Adallom.
After Rappaport left to found Wiz together with his former Adallom co-founders, CTO Ami Luttwak, VP of Product Yinon Costica and VP of R&D Roy Reznik, Bahat was one in all the primary investors. Similarly, when Bahat founded Dazz, Assaf was a small investor in it.
The connection goes deeper than work colleagues. Bahat and Rappaport are also close friends, and she or he was the second family of Mickey, Rappaport’s beloved dog, referred to as Chief Dog Officer Wiz (together with LinkedIn profile). Once the deal was done, the 2 faced two very sad events: each Bahat and Mika’s mother died.
“We hope for a new chapter of positivity,” Bahat said. The cycle of life does indeed proceed.
Rumors of this takeover began to appear earlier this month; Rappaport confirmed that they then began talking seriously.
But that is not the one M&A conversation Wiz has gotten involved in. Earlier this 12 months, Google tried to buy Wiz itself for $23 billion to construct a major cybersecurity business. Wiz walked away from the deal, which might have been the biggest in Google’s history, partly because Rappaport believed Wiz could turn into a fair larger company by itself terms. And that is what this agreement goals to do.
This acquisition is a test for Wiz, which earlier this 12 months filled its coffers with $1 billion solely for M&A purposes (it has raised almost $2 billion in total, and we hear the subsequent round will close in just a few weeks). . Other offers included purchasing Gem security for $350 million, but Dazz is its largest acquisition ever.
More mergers and acquisitions could also be coming. “We believe next year will be an acquisition year for us,” Rappaport said.
In an interview with TC, Luttwak said that one in all Wiz’s priorities now’s to create more tools for developers that have in mind what they need to do their jobs.
Enterprises have made significant investments in cloud services to speed up operations and make their IT more agile, but this shift has include a significantly modified security profile for these organizations: network and data architectures are more complex and attack surfaces are larger, creating opportunities for malicious hackers to find ways to to hack into these systems. Artificial intelligence makes all of this far more difficult when it comes to malicious attackers. (It’s also a chance: the brand new generation of tools for our defense relies on artificial intelligence.)
Wiz’s unique selling point is its all-in-one approach. Drawing data from AWS, Azure, Google Cloud and other cloud environments, Wiz scans applications, data and network processes for security risk aspects and provides its users with a series of detailed views to understand where these threats occur, offering over a dozen products covering the areas, corresponding to code security, container environment security, and provide chain security, in addition to quite a few partner integrations for those working with other vendors (or to enable features that Wiz doesn’t offer directly).
Indeed, Wiz offered some extent of repair to help prioritize and fix problems, but as Luttwak said, the Dazz product is solely higher.
“We now have a platform that actually provides a 360-degree view of risk across infrastructure and applications,” he said. “Dazz is a leader in attack surface management, the ability to collect vulnerability signals from the application layer across the entire stack and build the most incredible context that allows you to trace the situation back to engineers to help with remediation.”
For Dazz’s part, once I interviewed Bahat in July 2024, when Dazz raised $50 million at a $350 million valuation, she extolled the virtues of constructing strong solutions and this week said the third quarter was “amazing.”
“But market dynamics are what trigger these types of transactions,” she said. She confirmed that Dazz had also received takeover offers from other corporations. “If you think about the customers and joint customers that we have with Wiz, it makes sense for them to have it on one platform.”
And a few of Dazz’s competitors are still going it alone: Cyera, like Dazz, an authority in attack surface management, just yesterday announced a rise of $300 million at a valuation of $5 billion (which confirms our information). But what’s going to he do with this money? Make acquisitions, after all.
Wiz says it currently has annual recurring revenue of $500 million (it has a goal of $1 billion ARR next 12 months) and has greater than 45% of its Fortune 100 customers. Dazz said ARR is within the tens of hundreds of thousands of dollars and currently growing 500% on a customer base of roughly 100 organizations.
Technology
Department of Justice: Google must sell Chrome to end its monopoly
The U.S. Department of Justice argued Wednesday that Google should sell its Chrome browser as part of a countermeasure to break the corporate’s illegal monopoly on online search, according to a filing with the Justice Department. United States District Court for the District of Columbia. If the answer proposed by the Department of Justice is approved, Google won’t have the option to re-enter the search marketplace for five years.
Ultimately, it’ll be District Court Judge Amit Mehta who will determine what the ultimate punishment for Google might be. This decision could fundamentally change one of the most important firms on the planet and alter the structure of the Internet as we understand it. This phase of the method is anticipated to begin sometime in 2025.
In August, Judge Mehta ruled that Google constituted an illegal monopoly since it abused its power within the search industry. The judge also questioned Google’s control over various web gateways and the corporate’s payments to third parties to maintain its status because the default search engine.
The Department of Justice’s latest filing says Google’s ownership of Android and Chrome, that are key distribution channels for its search business, poses a “significant challenge” to remediation to ensure a competitive search market.
The Justice Department has proposed other remedies to address the search engine giant’s monopoly, including Google spinning off its Android mobile operating system. The filing indicated that Google and other partners may oppose the spin-off and suggested stringent countermeasures, including ending the use of Android to the detriment of search engine competitors. The Department of Justice has suggested that if Google doesn’t impose restrictions on Android, it must be forced to sell it.
Prosecutors also argued that the corporate must be barred from stepping into exclusionary third-party agreements with browser or phone firms, resembling Google’s agreement with Apple to be the default search engine on all Apple products.
The Justice Department also argued that Google should license its search data, together with ad click data, to competitors.
Additionally, the Department of Justice also set conditions prohibiting Google from re-entering the browser market five years after the spin-off of Chrome. Additionally, it also proposed that after the sale of Chrome, Google mustn’t acquire or own any competing ad text search engine, query-based AI product, or ad technology. Moreover, the document identifies provisions that allow publishers to opt out of Google using their data to train artificial intelligence models.
If the court accepts these measures, Google will face a serious setback as a competitor to OpenAI, Microsoft and Anthropic in AI technology.
Google’s answer
In response, Google said the Department of Justice’s latest filing constitutes a “radical interventionist program” that may harm U.S. residents and the country’s technological prowess on the planet.
“The Department of Justice’s wildly overblown proposal goes far beyond the Court’s decision. “It would destroy the entire range of Google products – even beyond search – that people love and find useful in their everyday lives,” said Google’s president of global affairs and chief legal officer Kent Walker. blog post.
Walker made additional arguments that the proposal would threaten user security and privacy, degrade the standard of the Chrome and Android browsers, and harm services resembling Mozilla Firefox, which depends upon Google’s search engine.
He added that if the proposal is adopted, it could make it tougher for people to access Google search. Moreover, it could hurt the corporate’s prospects within the AI race.
“The Justice Department’s approach would lead to unprecedented government overreach that would harm American consumers, developers and small businesses and threaten America’s global economic and technological leadership at precisely the moment when it is needed most,” he said.
The company is to submit a response to the above request next month.
Wednesday’s filing confirms earlier reports that prosecutors were considering getting Google to spin off Chrome, which controls about 61% of the U.S. browser market. According to to the StatCounter web traffic service.
Technology
Snowflake acquires data management company Datavolo
Cloud giant Snowflake has agreed to take over Datavoloa company managing the data pipeline, for an undisclosed amount.
Snowflake announced the deal on Wednesday after the market bell closed, while reporting its third-quarter 2025 earnings. The purchase has not yet closed and is subject to customary closing conditions, Snowflake noted wa release.
Joseph Witt and Luke Roquet, who met while working together at Hortonworks, founded Datavolo in 2023. Witt was previously a vp at Cloudera, and Roquet was Cloudera’s chief marketing officer and, before that, director of business development at AWS.
Datavolo uses Apache NiFi, an open source data processing project developed by the NSA, to power a platform to automate data flow between disparate enterprise data sources. Data “processors” extract, cleanse, transform and enrich data, including for generative use of artificial intelligence.
With Datavolo having raised $21 million in enterprise capital from investors including Citi Ventures and General Catalyst prior to the acquisition, Snowflake CEO Sridhar Ramaswamy envisions creating more comprehensive data pipelines for Snowflake customers. For example, he says Datavolo can enable users to interchange single-use data connectors with flexible pipelines that allow them to maneuver data from cloud and on-premises sources to Snowflake’s data cloud.
“By bringing Datavolo to Snowflake, we are increasing the amount of data captured by Snowflake over the lifecycle, providing our customers with both simplicity and cost savings, without sacrificing data extensibility,” Ramaswamy said in a press release. “We are thrilled to have the Datavolo team join Snowflake as we accelerate the best platform for enterprise data – unstructured and structured, batch and streaming – and committed to the success of the open source community.”
Witt says Snowflake will support and help manage the Apache NiFi project after the acquisition closes. “Data engineering at scale can be extremely expensive and complex, and our goal has always been to simplify our customers’ experiences so they can realize value faster,” he added within the press release. “By joining forces with Snowflake, we can deliver the massive scale and radical simplicity of the Snowflake platform to our customers, ultimately unlocking data engineering for more users.”
Thanks partly to artificial intelligence, demand for data management technologies has increased. Fortune’s business insights estimates that the worldwide enterprise data management market could possibly be price $224.87 billion by 2032.
However, data management has been a challenge for enterprises long before the substitute intelligence boom. According to in a 2022 survey by Great Hopetions, a data quality platform, 91% of organizations said data quality issues impact their performance.
Against this backdrop, it isn’t surprising that firms like Datavolo are gaining prominence.
Today was a giant day for Snowflake who reported better-than-expected earnings sent the company’s shares up 19%. In addition to the acquisition of Snowflake, the company announced a multi-year partnership with Anthropic to integrate the startup’s AI models into Snowflake’s Cortex AI, Snowflake Intelligence and Cortex Analyst products.
-
Press Release8 months ago
CEO of 360WiSE Launches Mentorship Program in Overtown Miami FL
-
Business and Finance6 months ago
The Importance of Owning Your Distribution Media Platform
-
Press Release7 months ago
U.S.-Africa Chamber of Commerce Appoints Robert Alexander of 360WiseMedia as Board Director
-
Business and Finance8 months ago
360Wise Media and McDonald’s NY Tri-State Owner Operators Celebrate Success of “Faces of Black History” Campaign with Over 2 Million Event Visits
-
Ben Crump7 months ago
Another lawsuit accuses Google of bias against Black minority employees
-
Fitness7 months ago
Black sportswear brands for your 2024 fitness journey
-
Theater8 months ago
Applications open for the 2020-2021 Soul Producing National Black Theater residency – Black Theater Matters
-
Ben Crump8 months ago
Henrietta Lacks’ family members reach an agreement after her cells undergo advanced medical tests