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Welcome to the beginning of the week. My thumb got smashed in my standup waffle iron while I was cleaning it this morning, so it can only get better from there, right? Anyway, here’s what’s in store for today. — Christine
The TechCrunch Top 3
If it looks like a duck and quacks like a duck…: Vista Equity Partners has plans to take Duck Creek Technologies private. The private equity firm announced its plan to acquire the insurance software company for $2.6 billion. Paul has more.
Startups and VC
Attention has our attention. The company raised $3.1 million to continue developing its technology, which combines artificial intelligence with natural language processing to help sales reps sell faster by automatically filling in customer relationship management forms and drafting follow-up emails, Catherine writes.
Here’s four more for you:
Raising big bucks: Venture capital deployment has slowed down, and now there is talk that the same might happen for VC funds. However, if anyone can raise additional money, it’s perhaps Khosla Ventures, which I wrote announced its intent to raise nearly $3 billion across three new funds.
“Checkout” this company’s strategy: FLIK secured $1.1 million in pre-seed funding to provide a unified checkout solution so that sellers in Southeast Asia can have more control over data, Catherine reports.
5 cloud trends to track in 2023
Image Credits: Peter Dazeley (opens in a new window) / Getty Images
Despite the downturn, Gartner estimates that global IT spending will reach $4.6 trillion this year, a year-over-year increase of 5.1%.
Josh Berman, president of C2C Global, has identified five trends that cloud technology startups should keep in mind as they create product, fundraising and hiring plans for the new year.
"The promise of these technologies is too significant to ignore," writes Berman.
Two more from the TC+ team:
You are what you eat: “If you’ve been seeing a slew of new alternative meat and animal products popping up in your grocery store, Lisa Feria is at least partially to thank,” said Tim in his interview with the plant-based-foods investor on how she remains bullish on this sector.
Big Tech Inc.
And we have five more for you:
Apple has been busy: Its mixed-reality headset could arrive this year, Romain reports. Meanwhile, Lauren writes about Apple Maps teaming up with parking app SpotHero to give users access to 8,000 parking options, and Aisha tells us why iOS 17 may have fewer major changes than initially planned.
Truck porn: Stellantis has us drooling over all of the flashy features stuffed into the Ram 1500 Revolution EV truck. Kirsten has more.
Up, up, and away: Get ready to see Virgin Orbit attempt the first orbital launch from British soil, Devin reports.
Q&A: Virginia senator Mark Warner spoke to Brian about cybersecurity, Musk’s Twitter and legislating killer robots.