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What’s uuuuup, you wonderful humans. We’re psyched to be reporting live from TechCrunch Disrupt — without ignoring the rest of the world, natch. It’s been a super fun day, and we’re here to share some delightful morsels of news and shenanigans with you! — Christine and Haje
Nourish Ingredients, a food tech company that creates animal-free fats using synthetic biology, secured $28.6 million in Series A funding, Christine reports. The round was led by Horizons Ventures and supported by Main Sequence Ventures and Hostplus.
The multidecade rise in healthcare costs isn’t expected to reverse course any time soon. In search of a fix, Alaffia Health was founded in 2020. It’s one of the startups participating in the TechCrunch Disrupt Battlefield 200, and it uses machine learning to try to identify fraud, waste and abuse in healthcare claims, Kyle reports.
And here’s more from our Greatest Hits album from the past 24 hours:
It’s day two of Disrupt and that means the second day of the Battlefield competition. Twenty companies pitched in all, and here’s who took the stage today:
Ally Robotics: The company has developed a combination hardware and software solution designed to make it easier to deploy these automated solutions for those without coding/robotics experience.
Nat4bio: Makes food-grade coating to protect fruit from microscopic threat.
Minerva Lithium: Uses absorbent material to change the way we extract lithium.
Reverion: Has developed a way to get more electricity out of biogas and existing fuel-cell technology.
Incooling: Is building servers that use liquid to cool down.
Intropic Materials: Intropic helps single-use plastics decompose from the inside out.
BetterData: BetterData taps the blockchain to help create better synthetic data.
Labby: Wants to make milk healthier and cows happier with better sensors.
Advanced Ionics: Is striving to drive down the price of green hydrogen by slashing how much electricity is needed for electrolysis by as much as 50%.
Kayhan Space: Kayhan Space is making orbit safer with timely, automatic collision warnings for satellites.
Tune in to TechCrunch.com tomorrow to watch the finalists pitch one more time before a panel of judges to find out who will take home this year’s Disrupt Cup and $100,000.
Now that the public cloud market has undergone a correction after years of growth, will seasoned workers look for greener pastures at smaller companies?
According to Andy Stinnes, general partner at Cloud Apps Capital Partners, we’re entering a decade-long cycle that will spark a Great Migration of talent.
“The answer is clear once you think about it,” he says. “Companies are extending cash runways, and cloud leaders are feeling that pain as they lay off parts of their teams and face even more work and pressure.”
The Great Migration and the next 10-year cycle in cloud
A few more for you:
TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code “DC” for a 15% discount on an annual subscription!
Similar to our story from yesterday, Kyle brings us another one about how Adobe continues to unveil new features powered by artificial intelligence, including the ability to paste objects into photos and add realistic lighting and shadows. He mentions that he’s “no Photoshop wizard” but that Adobe told him “that compositing can be a heavily manual, tedious and time-consuming process,” and the new prototype will do away with that.
And five more for you:
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Google totally dodges the question of how much energy is AI is using — perhaps because the answer is “way more than we’d care to say.”
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