iOS 14.5 Update: Privacy Changes & New Features - Daily Crunch

Tech News Highlights: April 26, 2021

A significant software update from Apple has been released, alongside allegations of anti-competitive practices leveled against Google by Roku. Furthermore, Brex has secured substantial funding. This summarizes the key events in today’s Daily Crunch.

Key Updates and Developments

iOS 14.5: Enhanced Privacy Features and More

Apple has launched the newest iteration of its mobile operating system. This release incorporates the widely anticipated App Tracking Transparency functionality. This feature empowers users with greater control over their data, specifically regarding which applications share it with third parties for targeted advertising.

Additional enhancements include the ability to unlock Apple Watches while wearing a face mask – addressing a common user frustration – as well as a selection of new emojis and other improvements.

Focus on Tech Industry Leaders

Roku’s Allegations Against Google

Roku contends that Google is leveraging its dominant market position in YouTube TV negotiations. The company is informing its user base that access to the YouTube TV channel on its platform may be disrupted due to unsuccessful discussions with Google.

Lyft’s Self-Driving Unit Acquisition

Lyft has agreed to sell its autonomous vehicle division to Toyota’s Woven Planet for $550 million. The Level 5 division of Lyft will be integrated into Woven Planet Holdings as part of this agreement.

Apple’s Investment in US Job Creation

Apple has pledged to create 20,000 new jobs within the United States and establish a new campus in North Carolina. This announcement represents a significant investment exceeding $430 billion over the next five years.

Startup Funding and Venture Capital Activity

Brex Secures $425M Funding Round

Brex has raised $425 million, achieving a valuation of $7.4 billion, amidst intensifying competition in the corporate spending sector. The company has also introduced a premium service, Brex Premium, priced at $49 per month.

Main Sequence Launches Deep Tech Fund

Founded by Australia’s national science agency, Main Sequence has launched a $250 million AUD fund dedicated to deep technology investments. The fund will concentrate on areas such as healthcare, food security, industrial efficiency, and space exploration.

Mighty Networks Raises $50M for Creator Economy

Mighty Networks has secured $50 million in funding to facilitate the growth of a creator economy accessible to a wider audience. The company is led by Gina Bianchini, a co-founder and former CEO of Ning.

Insights from Extra Crunch

The Importance of VC Due Diligence

Founders must thoroughly evaluate potential venture capital partners to avoid setting up both parties for failure. Comprehensive due diligence is crucial to ensure alignment and a mutually beneficial relationship.

Brex’s Valuation Growth

An interview with Brex CEO Henrique Dubugras explores the factors behind the company’s substantial valuation increase and recent funding success.

Addressing Cybersecurity Talent Perceptions

Netskope’s Lamont Orange challenges the notion of a cybersecurity skills gap, suggesting that creative thinking and strategic approaches are more critical for CISOs.

Additional News and Events

NASA Partnership for Sustainable Tires

One founder collaborated with NASA to develop tires that are both puncture-proof and more environmentally sustainable. Earl Cole, co-founder and CEO of The SMART Tire Company, discussed this innovation on the Found podcast.

The Impact of MasterClass on Edtech

The success of MasterClass is inspiring numerous copycat platforms, attracting significant investment within the edtech sector.

TC Sessions: Mobility 2021 – Zoox CTO Insights

Jesse Levinson, CTO of Zoox, will share insights into the development and deployment of autonomous passenger vehicles at TC Sessions: Mobility 2021.

The Daily Crunch provides a concise overview of TechCrunch’s most important stories. Subscribe here to receive this roundup daily in your inbox around 3pm Pacific time.