TechTaffy

tech:

taffy

Compass-EOS Closes $42M Funding Round

By TechTaffy Desk

Israel-based Compass-EOS has closed a $42 Million round of financing, that includes participation of existing investors Comcast Ventures, Cisco, Pitango Venture Capital, Benchmark Capital, and Northbridge Venture Partners. New investors Marker, and Rusnano, a joint-stock company created and owned by the government of Russia and aimed at commercializing developments in nanotechnology.

Compass-EOS launched its r10004 router in March 2013, announcing the commercial shipment of its icPhotonics-based routers, based on a photonic chip-to-chip interconnect, the world’s first according to the company.

[Image courtesy: Compass-EOS]

Just in

Around the web

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.
IT

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.
AI

OpenAI introduces new enterprise features

OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.
Industry

Square expands offline payments globally

Payment processing company Square has announced the expansion of its offline payments feature to all hardware devices and countries.