Months after rejecting a $ 17 billion offer, Zendesk sells to private investment group for $ 10.2 billion – TechCrunch

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Hey, people, welcome to Friday’s edition of the Daily Crunch. As you may have seen, the Supreme Court issued an important ruling on abortion today, effectively annulling Roe v. Wade says the constitution does not guarantee the right to abortion. Although the result was expected – a draft of the decision expired months ago – the implications for the technology industry are just beginning to become clearer. Stay tuned while my colleagues and I analyze development.

In other news, TechCrunch’s Summer party yesterday was a great success – thank you to everyone who showed up! In order not to sound like a broken record, but on the front line of events, do not forget about the upcoming TC sessions: Robotics in July. And on the far horizon, TechCrunch Disrupt will return to San Francisco on October 18. I can’t wait to see your smiling faces there.

In the meantime, do you need to read or listen? Consider giving TechCrunch’s podcast and bulletin library look. I bet there’s enough lag to keep you busy – and, more importantly, informed! – Kyle

Top 3 on TechCrunch

  • Move, there is a new co-pilot in the city: Proving that GitHub isn’t the only platform with an attempt to launch an artificial intelligence-powered pair programmer, Amazon debuted CodeWhisperer this week, a tool that can automatically complete entire features based on just one comment or a few keystrokes. . neither Frederick writes Amazon has trained the system – which currently supports Java, JavaScript and Python – on billions of lines of publicly available open source and its own code base, as well as publicly available documentation and code in public forums.
  • Please hold on until your company is acquired: Recently, Zendesk has dealt roughly, as with investor activists persecution the customer service software provider for changes and deluded trying to raise her score. Still, the news of Zendesk’s acquisition today came as a surprise, if only because of its suddenness. Ron notes that the $ 10.2 billion transaction led by Permira and Hellman & Friedman gave investors a way to get some the return on their investment, albeit below the $ 17 billion offer they received in February.
  • Who needs megapixels when you have Benjamin? Leica makes great digital cameras. But for the special edition, the limited edition Leica MA Titan, the German imaging company decided to go the analog route. The titanium-clad MA Titan makes a film and – if that wasn’t unattainable enough – costs a staggering $ 20,000. feed reports this, noting that Leica sells only about 100,000 cameras a year. You may be forgiven for charging a premium.

Startup and VC

A startup called in the news related to drugs Wondermed raised $ 4.6 million to offer ketamine treatment at home to patients. Now, you may ask, is this safe? Wondermed claims that it is the same as rivals Mindbloom and Fieldtrip Health. But of course they would. feed is a little suspicious of how easy it is to be approved for ketamine treatment, but points to clinical trials that prove the drug’s effectiveness as a therapeutic option for anxiety and depression.

Elsewhere in technology:

  • Delivery of the goods – at the price: Offering proof that the instant delivery market is not yet toast, Zomato this week to acquire Blinkit, a hard-to-start 10-minute grocery delivery company, traded for $ 568.1 million. Manisha reports that investors have questioned Zomato’s expansion into space, given its terribly high costs and low margins.
  • Hold my battery: Drones for transporting packages are cool. What’s not cool is having to replace the batteries and payload once they land. Fortunately, there is a startup for this. Airrow makes a device that works like a CNC machine or 3D printer, Brian reports, with a portal that moves along the X and Y axes to bring the battery from the charger to the drone and back. How cool is that?
  • The fight is real: It is never a good look when a start-up start-up lays off a significant part of its staff. This happened this week with Rowhich cut 18% of its full-time workforce to “manage costs, increase the efficiency of [its] organization and better direct our resources to [its] the current strategy. “ Natasha notes that former and current employees have previously spoken of the health technology company’s inability to generate significant revenue from newer products.
  • I am looking for a long-term partner: Communication is important in every relationship, but it doesn’t always happen right away. that’s why Hinge presented “Dating Intentions” this week, a new account feature that is designed to encourage users to be ahead of their expectations. According to AishaSelected choices include “life partner,” “long-term,” “long-term, open to short-term,” “short-term, open to long-term,” “short-term,” and “guess my meeting goals.”
  • When life gives you lemons, turn to crypto: Salta startup founded by former engineers and designers from Essentialis shift the focus to embrace the cryptocurrency. CEO Anatoly Yakovenko announced this week that his first product, Osom OV1, will be an Android smartphone that supports decentralized applications that rely on the Solana blockchain. The reactions are mixed, Jacqueline reports.
  • Do not eat lentils: The daily harvest is blaming health problems some of his clients have tried lentils – especially leeks and lentils. Following the Wall Street Journal article, the company recalled its product of French lentils and leeks, which reportedly caused some people to undergo surgery to remove their gallbladder and may have contributed to liver damage and fever. Daily Harvest is valued at over $ 1 billion and is backed by a number of celebrities, Aisha notes, including Bobby Flay, Gwyneth Paltrow and Serena Williams.

Twitter Space: M13 managing partner Carl Alomar discusses fundraising during downturn

close-up stork water fisherman in a tropical garden Singapore.

Image credits: Getty Images / dblight

On Monday, June 27 at 11:30 a.m. PT / 2:30 p.m. ET, M13 managing partner Carl Alomar joins editor-in-chief Walter Thompson on Twitter Space to share tactics and strategies for founders planning to recruit funds during this decline.

Alomar led startups through the collapse of dotcom companies in 2000 and the Great Recession of 2008 and will talk about whether investors still prioritize growth over profits and how to identify the points of proof that founders need to set before their next increase.

We will answer questions, so please follow @techcrunch on Twitter and set a chat reminder on Monday.

(TechCrunch + is our membership program that helps founders and startups move forward. You can register here.)

Big Tech Inc.

The future has come. Something like. San Francisco residents can now pay for autonomous taxiscourtesy of the Cruise service. Darrell writes that Cruise’s proposal will initially only work between 10pm and 6am on certain city streets, but that these restrictions may change in the future. Depends on how smooth the service runs.

Meanwhile in India, the central bank is fighting against start-up fintech companiesreports Manisha. The Reserve Bank of India (RBI) has informed dozens of providers that it prohibits the practice of charging “non-bank prepaid payment instruments” – such as prepaid cards – using credit lines. Some affected founders impose the narrative that existing banks lobbied the RBI to reach a favorable solution for them.

In other news:

  • Fresh coat of paint: As part of a broader update to Chrome, Google announcements a handful of new features coming in the latest version of Chrome for iOS. Among the key add-ons, the Chrome app gets access to Google’s enhanced safe browsing feature, which proactively alerts you to unsafe webpages. Lauren write. Other updates include changes to the user interface and the ability to set Google Password Manager as the autofill provider.
  • Slow pace of electricity: What do you dislike about electric cars? The wait. According to Jacqueline, the growing demand for the most anticipated electric cars this year is shattering order books and extending waiting lists. Rising supply chain costs mean that customers of Lyriq and other EVs can pay hundreds or thousands of dollars more for a vehicle that arrives months later than expected. Unhappy.
  • Streaming is still struggling: Ivan reports that Netflix fired 300 people this week, the second reduction of the company for 2 months. Among the headwinds facing the company are the Russian invasion of Ukraine, the COVID pandemic and the sharing of passwords. Netflix lost more than 200,000 subscribers in the first quarter and expects to lose 2 million in the second quarter.
  • Almost as good as the real thing: Frederick wrote this at his conference re: MARS, Amazon announcements synthetics in SageMaker Ground Truth, a new feature for creating a virtually unlimited number of images of an object in different positions and under different lighting conditions. It is designed to help create synthetic training data for AI models in situations where real data is not abundant.
  • Spyware reaches Android: Security researchers in Outlook recently has tied up mobile spyware for Android that was not previously attributedcalled Hermit, to the Italian software house RCS Lab, Zak reports. Google’s threat researchers have now confirmed much of Lookout’s findings and notified Android users whose devices have been compromised by spyware.

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