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Compass-EOS Closes $42M Funding Round

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]

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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.

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.

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu.