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Google invests $4.5 billion in India’s Reliance Jio Platforms

Daily Crunch: Google backs India’s Reliance Jio

Reliance Jio continues so as to add billions of {dollars} to its checking account, Apple scores a tax victory in Europe and researchers take a look at a system for undersea Wi-Fi (with lasers!). Here’s your Daily Crunch for July 15, 2020.

Google invests $4.5 billion in India’s Reliance Jio Platforms

Another big tech firm has invested in India’s largest telecom, following Facebook’s funding a few months in the past. Reliance Jio has raised about $20.2 billion prior to now 4 months — greater than all the Indian startup ecosystem raised final 12 months. Google and Reliance Jio may even be working collectively to develop low-cost Android smartphones.

“Getting expertise into the palms of extra individuals is an enormous a part of Google’s mission,” stated Google CEO Sundar Pichai. “Together we’re excited to rethink, from the bottom up, how hundreds of thousands of customers in India can grow to be homeowners of smartphones.”

The tech giants

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Apple and Ireland win attraction towards the European Commission’s $15 billion tax ruling — Four years in the past, the European Commission stated that Ireland had failed to gather round $15 billion in taxes from Apple, however the European Court of Justice has annulled that call.

Zoom introduces all-in-one house communications equipment for $599 — The new Zoom for Home – DTEN ME consists of a big pill with three wide-angle cameras and eight microphones.

Snap debuts a 13-week distant program to assist builders create deeper Snap Kit integrations — Yellow Collabs is an growth of Snap’s Yellow division, which beforehand consisted solely of a startup accelerator.

Startups, funding and enterprise capital

Fraud detection startup Ravelin secures $20M Series C — The startup’s aim is to make use of machine studying to enhance the fraud detection course of, giving retailers extra confidence in accepting clients and transactions.

Lemonade launches pet insurance coverage — This is Lemonade’s first new vertical because it launched renters and householders insurance coverage in 2016.

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Substack launches Defender, a program providing authorized help to unbiased writers — The e-newsletter platform stated it is going to decide who to help on a case-by-case foundation, protecting as much as $1 million in authorized charges (or much more in “distinctive instances”).

Advice and evaluation from Extra Crunch

How to do distant work proper, from the groups that understand it finest — Tips from Zapier CEO Wade Foster, FlexJobs CEO Sara Sutton, Twilio CEO Jeff Lawson and others.

Emergence’s Jason Green thinks among the tech backlash is justified, however the B2B alternatives nonetheless outweigh the challenges — The VC additionally described the demise of George Floyd as “a profound second and shift for me personally.”

Generative algorithms are redefining the intersection of software program and music — Generative algorithms and rising quantities of computing energy are more and more altering what computer systems can do with music at this time.

(Reminder: Extra Crunch is our subscription membership program, which goals to democratize details about startups. You can join right here.)

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Everything else

Researchers develop laser-based underwater Wi-Fi system for sub-sea knowledge networks — The researchers from King Abdullah University of Science and Technology managed to make use of their system to do Skype calls and transfer recordsdata forwards and backwards, however in addition they burned out the Raspberry Pi utilizing lasers that overwhelmed its capabilities.

Nissan stakes its EV future on the 300-mile-range Ariya crossover — The Ariya is an all-electric SUV with a beginning value of $40,000.

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