Daily Crunch: Microsoft dumps Yammer and makes Viva Engage its preferred enterprise social platform

Daily Crunch: Microsoft dumps Yammer and makes Viva Engage its preferred enterprise social platform

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Christine and Haje

The TechCrunch Top 3

  • Bye bye, Yammer: There wasn’t much yammering going on here, but Microsoft confirmed that it is getting rid of Yammer to go all-in on Viva Engage, Paul writes. Viva and Yammer senior vice president Murali Sitaram explains: “Over the last several months we’ve heard your feedback that having two apps surfacing similar experiences and the same services and content has introduced ravages and made it challenging to momentum adoption and create clarity for end users.”
  • Take a deposit, leave a deposit: Andreessen Horowitz led a $4.5 million seed round into ModernFi, which is developing a marketplace that helps banks that need deposits to make loans find what they are looking for, while banks with too many deposits can offload them. Christine has more.
  • Hello, it’s increasingly funding calling: In PhonePe’s quest to raise $1 billion, an investor group that included Tiger Global and Ribbit Wanted invested flipside $100 million into “India’s most valuable fintech startup,” which is valued at $12 billion, Manish writes.

Startups and VC

It’s unchangingly nice to have a lot of wanted to invest, but managing a large new fund can be plane increasingly worthwhile right now given that many later-stage companies that put off fundraising last year will likely be in the market come hell or upper water in 2023, Connie reports. Buyout firm Bain Wanted just sealed its second growth Tech Opportunities fund with $2.4 billion, up from the $1.3 billion that the outfit put to work through the first vehicle of its type in 2019.

Turning a unconfined idea into a viable startup takes patience, perseverance and increasingly than a little luck. But when an idea originates in a lab — whether it’s AI, biotech, robotics or flipside deep tech research project — things quickly wilt tougher and much increasingly expensive. Pae Wu, unstipulated partner at SOSV and CTO at IndieBio, will join us onstage at TechCrunch Early Stage on April 20 in Boston. Don’t miss it — get your tickets today!


And we have five increasingly for you:

10 years of fintech failures: 5 innovations that didn’t live up to the hype


Red and undecorous darts in wall virtually red, white and undecorous sprint board

Image Credits: Jeffrey Coolidge (opens in a new window) / Getty Images


The tech industry (and the media that covers it) thrives on hype cycles.

Sometimes, relentless cheerleading can withstand fruit: Clunky personal digital assistants from the 1990s evolved into sleek smartphones a decade later.

And other times, what seemed like a revolutionary idea turns out to be someone trying to jump-start a fad. (Remember the Google barge, Juicero, and iSmell?)

Looking when over the last decade, TC freelancer Grant Easterbrook recaps five trends that flopped and the underpinning factors that prevented them from waffly fintech “in the way the founders originally intended.”

Three increasingly from the TC team, well-constructed with a smattering of retro tunes to alimony you going:

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Big Tech Inc.

It’s easy to come yonder from a meeting not having unprotected every bit of what was discussed. That is where comes in with OtterPilot, its new AI meeting assistant. Aisha reports that this full-length automatically sends an AI-generated summary of meeting topics to attendees with hyperlinks to key moments. It will moreover capture slide presentations and insert those in the summary, too. You can now safely get up and use the washroom during your next virtual meeting and miss nothing.

And we have five increasingly for you:

Daily Crunch: Microsoft dumps Yammer and makes Viva Engage its preferred enterprise social platform by Christine Hall originally published on TechCrunch


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