And life of start-ups goes on!
3-in-1: 3 digital news in 1 minute. On Monday. Episode 205
1.374 subscribers on Messenger follow these Monday news. Now on Medium. Discover 3 original digital news, invest one minute and be a better professional!
News 1: Figma, the “chéri” of VCs
Figma is a kind of “Google doc” for interface designers. Designers can work on a layout at the same time with a large set of tools. This collaborative tool gathered $50 millions from VC Andreessen Horowitz, adding to $133m. Figma is the darling of venture capital, they are all in: Sequoia, Kleiner Perkings, Index ventures! Opinion: VCs love Figma but moderately. After all Figma is now 7 y.o. and has grown business and investment rather slowly. The latest round makes sense: collaborative tools gained momentum in confinement. Will that remain afterwards? B2B Takeout: Good discovery, Figma. Very easy to design interface, and in a team. Figma itself has great design elements and iconography!
News 2: Go passwordfree with octopus
Octopus is a software for multi-factor authentification, passwordless. A unified platform, easy to manage for admins and for users. Users identify with a fingerprint on their phone. Just gathered $15m ($22m in all), the company name, “Secret Double Octopus”. Opinion: A typical Israeli start-up: security software, made in Israel but for the world (local market de facto too small) and a financing round at $15m level. Like always in Israel: very clear proposition! B2B Takeout: The password management of Octopus is based on workstations, but extends to networks, clouds and legacy apps. Managing PW is key for security and GDPR compliances and often neglected.
News 3: Moovit exits… to Intel. No car makers in view!
Israel-based Moovit just exited to Intel. Intel puts $900 millions on the table for the public transport app and software (Intel was a prior investor). Moovit gathers data and provides it to 3rd parties like Uber. Intel builds its ecosystem around autonomous driving further. A lost fight for the car industry? Opinion: Intel and alikes are building the new category of automotive software further, not the car industry. Car industry will press steel and mount car parts, and let the whole software to the Intels of the world. They fight to hold on highest element of the value chain, the combustion engine. They don’t fight on the software side. B2B Takeout: Remember, Intel bought Mobileye in 2017 for the huge amount of 15.3 billion USD. Bricks by bricks they strengthen the automotive sector. In an Israel hub.
Authors are the 10 trend scouters at Space and Lemon, always on the hunt for the newest trends in tech and digital. Gathered here in original weekly news since 2016 — no re-write of TechCrunch, always with an opinion and B2B takeout. Come back next Monday and share your opinion.
