What You Need to Know in Australian Technology Today

Some posts from Tech Crunch

• Suma Brands raises $150M to acquire more third-party brands for its Amazon roll-up play August 4, 2021
  Amazon has become a lynchpin in the e-commerce machine over the years in part because it’s a site we consumers can visit to buy just about anything we want — sold either by Amazon or its 5 million+ third-party merchants — and easily get it delivered to our homes. But the system is not completely […]
• ByteDance rival Kuaishou is shutting down controversial app Zynn August 4, 2021
  Kuaishou Technology, a Chinese firm perceived as a ByteDance rival by many, said on Wednesday it will shut down its controversial short video app Zynn later this month. The app was only available in the U.S. The firm, which last month said it had amassed 1 billion monthly active users, didn’t offer an explanation for […]
• Naspers leads $11M investment in South African insurtech Naked August 4, 2021
  South African insurtech platform Naked has raised $11 million in a Naspers-led round. Existing investors, Yellowwoods and Hollard, also participated in the funding round. This comes barely two weeks after Naspers, via its early-stage tech investment vehicle Naspers Foundry, invested in another South African insurtech platform Ctrl in its $2.3 million Series B round. Naked’s […]
• Humanity launches ‘slow your aging’ app in the UK and raises $2.5M more from health investors August 4, 2021
  More than one smartphone app startup has tried to convince you that by using their app you will miraculously stave off the ravages of age and flab. All I need to do is flip open my phone and real off a few: Gyroscope, MyFitnessPal, Welltory, ActivityTracker, SleepCycle. The list goes on. You name it, there’s […]
• Autonomous cargo drone startup Elroy Air lands $40M Series A August 4, 2021
  Elroy Air has raised a $40 million Series A, including financing from Lockheed Martin’s venture capital arm, to ramp up the build, testing and validation of its inaugural autonomous cargo drone. The funding round saw participation from Marlinspike Capital and Prosperity7, as well as existing investors Catapult Ventures, DiamondStream Partners, Side X Side Management, Shield […]