Hyundai buys controlling interest in Boston Dynamics

Daily Crunch: Hyundai acquires 80% stake in Boston Robotics

Hyundai takes a controlling stake in an iconic robotics firm, Twitter acquires a screen-sharing startup and we spherical up some security-themed reward concepts. This is your Daily Crunch for December 11, 2020.

The huge story: Hyundai acquires 80% stake in Boston Robotics

Boston Robotics is behind plenty of spectacular robots, together with the dog-like quadruped Spot. Over the previous decade, it’s modified possession a number of instances, with Google buying it in 2013, then promoting it to Japanese funding large SoftBank in 2017.

After at the moment’s deal, which values Boston Robotics at $1.1 billion and is topic to regulatory approval, SoftBank will nonetheless personal a 20% stake.

“Boston Dynamics will profit considerably from new capital, know-how, affiliated clients, and Hyundai Motor Group’s international market attain enhancing commercialization alternative for its robotic merchandise,” Hyundai stated in a press launch.

The tech giants

Twitter acquires screen-sharing social app Squad — The complete Squad staff is becoming a member of Twitter, whereas the Squad app shall be shut down tomorrow.

Read More:  Creating a robust churn-reversal system

Europe urged to dam Google-Fitbit forward of main digital coverage overhaul — Shoshana Zuboff, the Harvard professor who wrote the defining e book on surveillance capitalism, has grow to be the most recent voice raised towards the $2.1 billion deal.

Twitter app code signifies that reside video broadcasting app Periscope could get shut down — If Periscope does get shut down, it could be the tip of a five-year run.

Startups, funding and enterprise capital

Gorillas, the on-demand grocery supply startup taking Berlin by storm, has raised $44M Series A — Gorillas delivers groceries inside a median of 10 minutes.

Sweden’s Tink raises $103M as its open banking platform grows to three,400 banks and 250M clients — Tink aggregates plenty of banks and monetary providers by the use of an API.

Benchmark fills out its, sure, bench, with Miles Grimshaw — From his publish as a common companion with New York-based Thrive, Grimshaw sourced offers in Lattice, Mapbox, Benchling and Airtable.

Read More:’s 1-year-old health unicorn to get $830M from Hillhouse

Advice and evaluation from Extra Crunch

Cloud-gaming platforms had been 2020’s most overhyped development — The way forward for the know-how is shiny, however a lot much less attractive.

General Catalyst’s Katherine Boyle and Peter Boyce are on the lookout for ‘obsessive’ founders — We sat down with Boyle and Boyce to debate what they search for in founders, which sectors they’re most enthusiastic about and the way enterprise has modified within the wake of the COVID-19 pandemic.

What to count on whereas fundraising in 2021 — DocSend CEO Russ Heddleston friends right into a post-pandemic future.

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

Everything else

Gift Guide: 9 safety and privateness items to maintain your family and friends secure — It’s time to guage the way you’re maintaining your information secure, and to assist others in your life do the identical.

Disney+ has plans for 10 Marvel reveals and 10 Star Wars reveals within the subsequent few years — The firm introduced an bold slate of streaming originals.

Read More:  China Roundup: Tech giants take stance on Beijing’s data control in Hong Kong

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