The increasing popularity of drone racing has prompted large companies to invest in developing their own drone technology. One such company is 3D Robotics, which manufactures drones for a variety of purposes, including filmmaking and agricultural scouting. The company has recently released its XT4 aerial vehicle, which it claims is the world’s most advanced commercial drone.
If you’re looking for something to do this weekend, be sure to check out TechGrounders Boston’s first ever hackathon! It will be a lot of fun and you could potentially win some great prizes.
The TechGround Top 3
Startups and VC
- Imitating the real data: Singapore-based Betterdata took in $1.55 million to take a different approach to traditional data sharing methods by using synthetic data to keep real data safe, Catherine reports.
- Driving toward something new: Autotech Ventures is venturing into new territory with a $230 million mobility fund that will add fintech and the circular economy to its investment strategy, writes Kirsten.
- Taking the plunge: Founders Pledge, a charitable initiative in London, launched a venture capital arm called Pledge Ventures in what Mike writes is to “create a new ‘flywheel’ in philanthropy.”
- Listen to this: Brian shares all the feels about first learning of headphone startup Nura, which he reports got acqui-hired by Masimo, the parent company of electrics company Denon.
Pitch Deck Teardown: Honeycomb’s $50M Series D deck
Honeycomb has a unique and amazing texture that is sure to captivate your attention. It is perfect for adding a touch of dynamism and life to any space.
If you are a startup that has raised a Series D round, congratulations! There are many indicators that your company is at less risk now than when you first started, but there is one thing that still needs to be proven- your product. A well-done pitch deck can help convince potential investors of the viability of your product and the likelihood of success.
Honeycomb’s debugger is designed to help developers understand how their live production systems are working. This type of debugging can be helpful in pinpointing errors and issues before they become serious, which ultimately saves time and money. With Honeycomb’s support, developers can quickly troubleshoot matters on-the-fly and make necessary adjustments to ensure the system is running smoothly.
The TG++ team is always working hard to improve the software and make it better for users. Recently, they released a new update that includes some great new
The TechGround+ membership program offers startup teams the opportunity to get ahead of the pack by having access to resources and advice from experts in various fields. By signing up, founders can gain access to valuable information and support with everything from networking events and workshops, to funding tips and advice. For those looking for an edge on their competition, this is the perfect way to do just that!
Big Tech Inc.
- Lyft layoffs: Ride-hailing company Lyft confirmed it is cutting its workforce by 1,200 as part of a restructuring effort meant to “better meet the needs of riders and drivers,” Kirsten reports. The layoffs will affect corporate employees, of which there are about 4,000, because Lyft doesn’t employ its drivers.
- We learn something new every day: The Linux Foundation launched a new organization to maintain TLA+, Kyle writes. If you’re doing one of those “learn one new term a day,” here’s your education for the day: TLA+ is a formal “spec” language, developed by computer scientist and mathematician Leslie Lamport, for designing, modeling, documenting and verifying software programs.
- Strike that: Sarah reports that in an effort to find a faster resolution to its antitrust legal battle with Fortnite maker Epic Games, Match Group and state attorneys general, Google is asking the court to dismiss multiple claims, five to be exact, that “would seemingly be pivotal to the plaintiffs’ ability to prove anticompetitive behavior.”
- Four corners of the globe, literally: The Internal Revenue Service is sending four investigators across the world to fight cybercrime, Lorenzo reports. Before you go, “Just four?” I’ll throw in there that the IRS previously only had one.
- Denied: Meta was trying to have its content moderator case dismissed in Kenya, but now has to muddle through it. A court ruled that Meta can be sued over alleged unlawful sacking and blacklisting of moderators. Annie has more.