May 23, 2022

You may not have heard of Amadeus, but if you’ve traveled, you’ve probably interacted with its tech stack.

Founded in 1987, the company provides hundreds of transportation and hospitality services with inventory management and booking services. “Essentially, it covers all aspects of travel information technology,” writes business reporter Ron Miller.

For years, Amadeus managed its own infrastructure, but when the pandemic slowed down global travel, management realized that mounting tech debt was holding the company back.

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To learn more about the planned three-year stay in the public cloud, Ron interviewed Sebastian Pelis, Associate Head of Public Cloud Transformation, and Fredric Auden, Amadeus Head of Public Cloud Transformation and Business Strategy.

They shared their cloud provider evaluation process, Amadeus’ transition to a DevOps model, and how they communicate expected benefits to customers. “Our engineers are thrilled with this move,” says Pelis.

Amadeus has 16,000 employees and generated more than $2 billion in revenue last year, but fledgling startups can learn from the digital transition, Ron writes.

“As your technology becomes obsolete, you will have to make similar decisions.”

Thank you very much for reading – have a great weekend!

Walter Thompson
Senior Editor gaming-updates+
@your hero

Gogoro’s public debut could help replace electric vehicle batteries around the world

Photo of a woman standing next to a scooter in front of the Gogoro battery change station.

image credit: gogoro (Opens in a new window)

If you can map any desert oasis, you’ve built a transportation network.

Gogoro, which runs an urban battery replacement platform for two-wheeled electric vehicles, is doing something similar: On Monday, it completed a SPAC merger with Poema Global that will bring in about $335 million in cash.

“Gogoro will use the new funds from its IPO to expand further in Taiwan as it has subsidiaries in key markets such as China, India and Indonesia,” writes transportation reporter Rebecca Belan.

6 Questions to Ask Investors When Valuing Psychedelic Biotech Companies

Laboratory technique with psilocybin mushroom

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A few years ago, the use of small amounts of psychedelics to improve mood or productivity was a talking point in Silicon Valley.

Today, psychedelic therapy is used to treat a variety of mental health problems. And as more regions reduce their use of plant compounds, investors are taking notice.

With a $25 million fundraiser planned and over $15 million already invested, Cymed Ventures is targeting startups in the early stages of developing psychedelic therapy.

In a guest post from TC+, partners Matthias Serebrinsky and Greg Kubin elaborate on their investment thesis: “We believe in a future where psychedelic therapy will be as common as going to the dentist, but not as easy as going to the dentist. happen.”

Dear Sophie! Support for Ukrainians with H-1B and not only

A lone figure at the entrance to the Hedge Labyrinth with an American flag in the middle

image credit: Bryce Durbin / gaming-updates

dear Sophie,

We are a startup that currently has an employee who is originally from Ukraine and works for us on an H-1B visa. He is trying to expel his parents from Ukraine.

We also enrolled in the H-1B lottery a potential Ukrainian employee who fled to Poland, but has not yet been selected.

How can we support them?

– merged with Ukraine

The fundraising market is losing some of its appeal to founders

image credit: Nigel Sussman (Opens in a new window)

Alex Wilhelm found in his analysis of early DocSend data that with VCs retreating, valuations falling, and hype waning in 2021, founders have to put in more effort to raise capital than they did in 2021.

“If we take this sentiment into account and the fact that there has been an overall decline from Q4 levels, we can conclude that Q2 2022 could easily see another consistent decline in global and US venture capital activity. . Perhaps,” he said. writes. ,

What Binance’s rescue from Axi Infinity means for the future of cryptocurrencies

This photo illustration shows the Binance logo.

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After unidentified individuals stole $625 million from the money-making crypto game Axie Infinity last week, the studio announced that it has raised $150 million to compensate users.

Anita Ramaswami writes: “The most interesting thing about this funding round is that it was led by the Binance crypto exchange – the largest exchange in the world – even though Binance was not involved in the previous Sky Mavis rise.”

“In any case, today’s investment demonstrates how important the Axi precedent is to the growth of the broader ecosystem – and how willing VCs and incumbent cryptoassets are to deliver.”

3 Ways Deep Tech Founders Can Avoid Pilot Purge

A woman looks towards the entrance to the Jomblang Cave

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With so many high-tech startups operating on the frontier, founders in this space have a hard time raising funds, attracting customers, and product-to-market fit.

Many of these companies will retire early because they will never move from pilot to full implementation. “This is a huge, widespread industry problem,” said Champ Sutiponchai, co-founder and general partner of Creative Ventures.

“While I don’t think I have a silver bullet, I do know three ways that the founders of Deep Tech can ensure their time at Pilot Purgatory ends with a rollout.”

Why Venture Capitalists Shouldn’t Fear Financial Failure

chamomile flower in the desert

image credit: masik0553 (Opens in a new window) / Getty Images

According to Mark Schroeder, managing partner at MGV, “seed investments are the best place for venture capital when global uncertainty kicks in.”

“Instead of investing in companies that require significant growth and increased valuation,” investors are turning to smaller startups with “reasonable-scale problems.”

Ultimately, any extended freeze on the public markets will reduce the amount of resources available to startups, “but that may not be the worst thing for investors looking to double their investment at attractive prices,” Schroeder says.

Terra founder plans to back his stablecoin with a “basket” of cryptocurrencies

Portrait of a man at a checkpoint with coins.

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In an interview with reporter Jacqueline Mellinek, TerraForm Labs founder Do Kwon explained how his $10 billion Bitcoin purchase plan will help TeraUSD (UST) “deeply integrate stablecoins into the crypto ecosystem.”

Kwon said Terra will support UST with additional Tier 1 blockchains as its ecosystem expands.

“We are big supporters of bitcoin, so we will continue to buy when the opportunity presents itself.”

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