PrivCo Logo

Big Tech vs. Russia

Big Tech vs. Russia
March 7, 2022

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
Have an interesting topic you want us to include, let us know!

Earlier in the week, a friend mentioned that she is getting some World War anxiety relief by actively supporting Ukrainians fleeing Russian attacks. She’s able to do so as a writer for Airbnb, whose response to the crisis in Ukraine has been exemplary. The company’s nonprofit arm, Airbnb.org, has freed up temporary housing for up to 100,000 Ukrainian refugees, and the company has suspended operations in Russia and Belarus. There’s even a grassroots campaign of people buying up Airbnbs in Ukraine–without any intention of showing up–to show solidarity and send money.

 

Coordinated Effort

Microsoft and SpaceX are offering their companies' cyber security capabilities as well as satellites in response to ongoing malware threats and telecommunication issues amidst the attacks. Ukraine is also asking for medicine and fuel, and GlaxoSmithKline is supplying antibiotics and painkillers for traumatic injuries, while TotalEnergiesSE is providing fuel. Ryanair, the airline that offers cheap flights between European cities, is loading up its planes' cargo holds to make deliveries to border cities.
 

“Like 1984”

Russia is on the counterattack, banning Facebook and restricting Twitter essentially to shut down non-governmental news sources after the social media giants marshalled internal resources into tagging certain Russian news sources as likely propaganda. This news comes as only the second time Russia has banned a US social media company (it banned LinkedIn in 2016). According to Wired Magazine, the “US social media sites operating in Russia have spent years shaping a presence that maintains just enough of their American identity to be considered a liberal alternative to heavily censored domestic platforms but not enough to prompt Russian regulators to kick them out of the country.”

Russians have long feared being shut off from Western news sources and spent the days before the Facebook block exchanging their Telegram information, the encrypted messaging platform that provides some privacy. Stay tuned for continued coverage of Big Tech’s response to the Ukrainian crisis.

Since last week, PrivCo has added:
828 Companies | 252 Funding Activities | 241 M&A Deals

Funding & Deal Highlights:
 

Quiver Quantitative raises $2MM from Allos Ventures

Big Data • Equity • Spring Green, WI
 

Arrepath raises $20MM from Boehringer Ingelheim Venture Fund

Biotechnology • Seed • Princeton, NJ
 

Luminous Computing raises $105MM from Bill Gates

Computers • Round A • Mountain View, CA
 

Apollo.io raises $110MM from Sequoia Capital

Big Data • Round C • San Francisco, CA
 

Atomic raises $40MM from Mercato Partners

Fintech • Round B • Salt Lake, UT
 

Lynx raises $15MM from Obvious Ventures

Health Care Tech • Round A • Boston, MA
 

Cygnus Semi raises $100MM from Matrix Partners 

Semiconductors • Round A • Shanghai, China
 

Dianxiaomi raises $100MM from Tiger Global Management

Marketplace • Round C • Shenzen, China
 

Gecko Robotics raises $73MM from XN Ventures

Robotics • Round C • Pittsburgh, PA
 

Reforge raises $60MM from Insight Partners

E-Learning • Round B • San Francisco, CA
 

thatgamecompany raises $160MM from TPG

Video Games • Equity • Los Angeles, CA
 

Saluda Medical raises $125MM from Redmile Group

Health Care • Equity • Artarmon, Australia
 

Forward to a Friend Forward to a Friend
Not a subscriber yet? Sign up here.
Have an interesting topic you want us to include. Let us know! 
Website
Twitter
LinkedIn
Copyright © 2021 PrivCo Media, LLC. All Rights Reserved.
Unsubscribe | PrivCo.com | Contact Us
PrivCo Logo

© 2022 PrivCo Media, LLC

Company

HomeSign inContactPricing