Intel is reportedly going to buy cloud optimization startup Granulate for $650 million – TechCrunch

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Hello and welcome to the Daily Crunch on Thursday, March 31, 2022!

It’s been a beautiful day in our woods, and we have a bunch of great news for you today, so goooooo.

Take your calendar and add these two: We’re making one Data and culture transformation events on April 26th for big data enthusiasts and now is your last chance buy discounted tickets to our Live CTV Sessions: Mobility Events on May 18 and 19 as well as virtual events on May 20.

Don’t worry, it’s Thursday. The weekend is coming. You can do it; We believe in you. – Christine and Haje

TechCrunch’s Top 3

  • SEC considers another EV SPAC: In today’s breaking news, several Faraday Future executives find themselves subpoenaed by the U.S. Securities and Exchange Commission amid the agency’s review of electric vehicle companies that have failed listed through special purpose acquisition companies. The SPAC itself is not under a microscope, but instead is accused of inaccurate statements the company has made to investors. It’s okay, I’m sure Faraday Future did its best – everyone create miSPAC now.
  • Klarna, Klarna, Klarna, Klarna, Klarna chameleon: Buy now, pay later, Klarna company is showing us how flexible it can be and won’t let a good opportunity slip away. Its new open banking application programming interface, Klarna Kosma, helps companies plug into bank accounts and appears to be an answer to Visa announces that it will buy Tink.
  • Are startup layoffs imminent?: That’s a question Alex Wilhelm has us pondering today. Valuations are high, but traction is not the right factor’ for some of the companies he calls “paper unicorn” (spectacular phrase, by the way). Could all of this mean we could see layoffs of companies capable of raking large amounts of dough, but unable to make donuts? Keep stable.

Start-ups and VC

We get a little excited for teenagers whenever Y Combinator does a set of demo days. I recommend reading all our coverage this week, obvz, but if you want a quick recap, read on part 1 and part 2 of our “everything you need to know” posts, make yourself a cup of coffee and follow it with our favorite startups part 1 and part 2then pour yourself an adult drink and wrap it all up with Devin’s irresistible (and absurdly ironic) review of his favorite YC logos.

‘Obviously this is the season for new venture funds. Freestyle closed its fund Friday, add 130 million dollars dry powder to investwhen Gumi Cryptos Capital (gCC) has a $110 million cash block in its second form to deploy into the cryptocurrency universe.

Docker was on the wire for a short while, but hooo boy is back. The company just announced a whale of a round, raising $105 million in new capital at a $2 billion valuation..

🦸 Other stories of a rewarding nature, present and distant:

5 things first-time founders must remember when working with VC

Image of a yellow envelope with a red notification dot.

Image credits: Carol Yepes (Opens in a new window) / Beautiful pictures

Nothing beats experience like experience, which is why we’re excited to feature a column written by Zach DeWitt, TechCrunch Meetup and Pitch-off 2013 winner.

DeWitt, who became a VC after selling Drop, Inc. for Snapchat in 2016, sharing five essential lessons for first-time founders who roam the wilderness in search of an investor who will be “a real partner.”

There is an inherent power imbalance in asking a stranger for money, DeWitt writes, but “VCs should work to earn your trust.

“In many ways, it’s like finding the right spouse.”

(TechCrunch+ is our membership program that helps founders and startup teams rise to the top. You can register here.)

Big Tech Inc.

  • Microsoft goes deeper into process mining: What is process mining? Don’t worry, reporter Kyle Wiggers (who is wrapping up his first week with us) tells you what it’s all about. He also said Microsoft’s latest acquisition of process mining company Minit “came at a time when the broader business process automation industry, still cash outtowards common unification. ”
  • Intel is also involved in mergers and acquisitions: We noted last year, when Israel-based Granulate received funding, that it looks like the network manager space is being consolidated. Well, that was confirmed earlier today when Intel said it was acquiring Granulate “to further expand both its operations in Israel and the tools Intel provides customers to better manage than traffic on the toolkit provided by Intel”.
  • New study sheds light on Viasat . hack: The cyberattack that brought down the service of a US-based satellite communications provider in Europe is said to be “probably the result of destructive wiper malware” originating in Russia, we report. The identity of the hackers is still unknown.
  • The strike could turn into a lawsuit: Meta and its subcontractor, Sama, are in the hot seat in Kenya, facing a number of legal lawsuits alleging poor working conditions. Reporter Annie Njanja describes the charges against the companies by former Sama contractor Daniel Motaung, who claims that contractors like him were not told what their work would be like, but it ended up being have been censoring content when they watch some nice graphic content for a long time. time, but often not given the time to compose oneself or to ask for assistance when it becomes too much. Sama denies any wrongdoing.

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