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| |  Image Credits: Bogdan Populov / Getty Images | | |
The TechCrunch Top 3 - Glamping may not be so bad with this at your campsite: A battery the size of a cooler, that has wheels, plugs and air conditioning? Yes please. Being in Mother Nature may be fun for some, but battery maker EcoFlow is going after those who only occasionally have to do it. Factor in, too, a great origin story where the company went from a Kickstarter project to a $1 billion company in five years.
- Open gets its horn: We're not sure, but when your business is mentioned as having "dramatically changed the relationship between banks and fintechs," we think that's a sign you are doing well. Indeed, India-based neobank Open was rewarded with a $1 billion valuation. This is also taking place in a country where Manish reported, "just a few years ago, most banks in India were skeptical of neobanks and it was very difficult to persuade any of them for a partnership." Raise a glass Open!
- What happened at UiPath: By all accounts, the robotic process automation company had been doing well, bringing in investment dollars and a high valuation. It even did well on its first day as a public company last year. Since that time, share price is down, and so is valuation, prompting Alex and Ron to dive into why that might be.
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2022 cybersecurity product-led growth market map To paint a detailed picture of the competitive landscape for product-led growth cybersecurity companies, investor Ross Halieliuk tracked over 800 products in a market map that includes more than 600 vendors. His map uncovered several trends redefining PLG adoption right now in the cybersecurity industry, and some of it is bad news for early-stage startups. In this environment, most CISOs are experiencing “vendor overload,” which means small players that lack a robust network and fat marketing budgets can’t participate in the same sales channels. If your investors won't approve a series of invitation-only dinners with your target clients, what are your options? (TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.) | |  Image Credits: Nataliya Romashova/EyeEm / Getty Images | | |
Big Tech Inc. Going from Open to wanting to close our eyes to rub them and make sure we read this right: India's anti-money laundering agency said over the weekend that it "seized assets worth about $725 million from Xiaomi India for breaching the country's foreign exchange laws in a major blow to the Chinese phone maker that commands the Indian smartphone market." Wow. In Apple news, the company ran into a bit of trouble with the European Union, which reported some preliminary findings related to an antitrust case: Apple was found to have made it so competitors could provide "NFC-enabled contactless payments on the iPhone to develop other mobile wallets and compete fairly with Apple Pay," claiming this type of technology should be open to anyone. Now it's Apple's turn to respond to the charges. Meanwhile, you can now get Apple Music on Roku. We hand-picked these next items just for you. Enjoy: | | | |
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