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Google antitrust trial, defaults are everything and nobody likes Bing

Plus: Unity's self-combustion engine 

Author

Cash Nut
September 18, 2023

In Today’s Edition

  • Dragos secures $74M to assure industrial control systems from threats

  • Procurement management platform Levelpath secures $30M

  • Apple Answers All of Our iPhone 15 Pro Questions: 'It's Going to be the Best Game Console'

  • Unity's self-combustion engine

  • “Inverse vaccine” shows potential to treat multiple sclerosis and other autoimmune diseases

🚀Startups Nuts

Dragos raised $74M in extension of Series D round, bringing total funding to $440M. The company is dedicated to securing industrial control systems against threat actors.The global industrial cybersecurity market is expected to reach $10.2B in 2025. Dragos' platform provides visibility of an organization's assets and communication channels and uses analytics to identify threats. The company is expanding rapidly and has established a footprint in several countries. Dragos is working to expand its partner program and aims to become a publicly traded company.

Scout RFP was launched in 2014 to streamline the RFP process. Later, Levelpath was created to manage enterprise procurement services. They recently raised $30 million and offer a mobile-first platform for large enterprises with customized workflows. Their algorithms provide valuable insights, and they are developing an AI model. Levelpath prioritizes the end-user experience and has secured enterprise customers, including Ace Hardware and Qualtrics.

🏭Business Nuts

The US Justice Department says that Google owes its dominance thanks to a series of coercive deals that have let the search engine market stagnate. Google's anti-competitive tactics allowed it to maintain an overwhelming search engine monopoly. The company struck many deals that would make its search engine the default and then used its vast quantities of search data to improve its engine, creating a feedback loop that made it almost impossible to beat. One of the most important questions in the case is whether consumer harm can apply to free products like search engines.

Investors may cheer Disney’s decision to consider selling some legacy media businesses even if the deal price doesn’t break the bank. Divesting legacy businesses, which have lower growth profiles, is symbolically more important to Disney and its shareholders than the purchase price of the assets. Disney has held early talks with Nexstar to sell ABC and its owned local affiliates, although no deal is assured.

📱Tech Nuts

Pre-orders for the iPhone 15 are now live. Four AAA games are getting native versions exclusive to the iPhone 15 Pro. This article contains an interview with several members behind the development of the iPhone 15 Pro on Apple's gaming ambitions and why the tech giant believes that the phone will become 'the best game console'. The main reason is its power and portability.

Unity recently announced a new Runtime Fee that will charge Unity developers of a certain size every time their games are installed on a new device after January 1, 2024. The charge is based on game installs, not sales. It will apply to games on streaming services, early access games, Betas, and demos that can be converted to full games. The move has resulted in a loss of trust from many developers.

🔥Newsletter Spotlight

Behind the Markets: independent research for independent investors.

🎁Miscellaneous

Researchers from the University of Chicago’s Pritzker School of Molecular Engineering have developed a new type of vaccine that can completely reverse autoimmune diseases without shutting down the rest of the immune system. The vaccine removes the immune system's memory of one molecule, stopping autoimmune reactions like those seen in multiple sclerosis, type I diabetes, or rheumatoid arthritis. Initial phase I safety trials of the vaccine are currently underway.

💡What else are we reading and seeing?

😎Fun Fact

The world's first cryptocurrency, Bitcoin, was created in 2009

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