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Daily Crunch: Apple releases public beta of iOS 14


Daily Crunch: Apple releases public beta of iOS 14 – TechCrunch

A beta version of Apple’s

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latest mobile operating system is available to the public, Coinbase may go public and researchers discover a frightening smartwatch vulnerability. Here’s your Daily Crunch for July 9, 2020.

The big story: Apple releases public beta of iOS 14

Developers are no longer the only ones who can try out the newest version of Apple’s mobile operating system — beta versions of iOS 14 and iPadOS 14 are now available to the general public.

Romain Dillet has already been playing around with the new iOS, and he said the biggest change is a rethinking of the home screen, with widgets that can be stacked and flipped, along with an App Library that groups all the apps on your phone by category.

The tech giants

WhatsApp Business, now with 50M MAUs, adds QR codes and catalog sharing — The Facebook-owned messaging app is introducing new tools for businesses to connect digitally with their customers.

Apple says it’s ‘committed’ to supporting Thunderbolt on new Macs after Intel details latest version — “We remain committed to the future of Thunderbolt and will support it in Macs with Apple silicon,” Apple said.

Amazon’s Alexa heads Toni Reid and Rohit Prasad are coming to Disrupt — Two of the main executives behind Amazon’s leading smart assistant are coming to Disrupt 2020, which will run (virtually) from September 14 to 18.

Startups, funding and venture capital

Coinbase reported to consider late 2020, early 2021 public debut — The cryptocurrency exchange platform may be considering a direct listing instead of a traditional IPO, according to Reuters.

Kernel raises $53 million for its non-invasive ‘Neuroscience as a Service’ technology — The startup says it has created non-invasive technology for recording brain activity.

TikTok likes and views are broken as community worries over potential US ban — As of this afternoon, the company said a fix was in progress.

Advice and analysis from Extra Crunch

VCs are cutting checks remotely, but deal volume could be slowing — In a new survey from OMERS Ventures, 69% of VCs said they were willing to make a fully remote investment, but most of them haven’t actually done so.

As the pandemic drags on, interest in automation surges — Brian Heater looks at some of the ways COVID-19 may permanently alter the job market.

K Fund’s Jaime Novoa discusses early-stage firm’s focus on Spanish startups — The firm officially unveiled its €70 million second fund earlier this month.

(Reminder: Extra Crunch is our subscription membership program, which aims to democratize information about startups. You can sign up here.)

Everything else

Smartwatch hack could trick patients to ‘take pills’ with spoofed alerts — The vulnerabilities were found in SETracker, a cloud system that powers smartwatches and vehicles.

Coronavirus impact sends app downloads, usage and consumer spending to record highs in Q2 — Mobile app usage grew 40% year-over-year, according to App Annie.

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 3pm Pacific, you can subscribe here.

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The biggest story to come out of the post-March stock market boom has been explosive growth in the value of technology shares. Software companies in particular have seen their fortunes recover; since March lows, public software companies’ valuations have more than doubled, according to one basket of SaaS and cloud stocks compiled by a Silicon Valley venture capital firm.n

Such gains are good news for startups of all sizes. For later-stage upstarts, software share appreciation helps provide a welcoming public market for exits. And, strong public valuations can help guide private dollars into related startups, keeping the capital flowing.n


n

The Exchange explores startups, markets and money. You can read it every morning on Extra Crunch, and now you can receive it in your inbox. Sign up for The Exchange newsletter, which drops every Friday starting July 24.n


n

For software-focused startup companies, especially those pursuing recurring revenue models like SaaS, it’s a surprisingly good time to be alive.n

""Indeed, after COVID-19 hit the United States, layoffs and rising software sales churn were key, worrying indicators coming out of startup-land. Since then, the data has turned around.n

As TechCrunch reported in June, startup layoffs have declined and software churn has recovered to the point that business and enterprise-focused SaaS companies are on the bounce.n

But instead of merely recovering to near pre-COVID levels, software stocks have continued to rise. Indeed, the Bessemer Cloud Index (EMCLOUD), which tracks SaaS firms, has set an array of all-time highs in recent weeks.n

There’s some logic to the rally. After speaking to venture capitalists over the past few weeks, notes from EQT Ventures‘ Alastair Mitchell, Sapphire’s Jai Das, and Shomik Ghosh from Boldstart Ventures paint the picture of a possibly accelerating digital transformation for some software companies, nudged forward by COVID-19 and its related impacts.n

The result of the trend may be that the total addressable market (TAM) for software itself is larger than previously anticipated. Larger TAM could mean bigger future sales for and more substantial future cash flows for some software companies. This argument helps explain part of the market’s present-day enthusiasm for public tech equities, and especially the shares of software companies.n

We won’t be able explain every point that Nasdaq has gained. But the TAM argument is worth understanding if we want to grok a good portion of the optimism that is helping drive tech valuations, both private and public.



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I'm a 50 year old PLC programmer from Burnley, UK. I severed my time as an electrician in the baking industry and soon got involved with the up and coming technology of PLC's. Initially this was all based in the Uk but as the years went by I have gradually worked my way around the globe. At first it was mainly Mitsubishi with a bit of Modicon thrown in but these days the industry leaders seem to be the Allen Bradley range of PLC and HMI’s.

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