TechTaffy

tech:

taffy

Drawbridge Raises $6.5M From Sequoia Capital, Kleiner Perkins

By TechTaffy Desk

[Techtaffy Newsdesk]

Drawbridge, a startup founded by former Google and AdMob scientist Kamakshi Sivaramakrishnan, has officially come out of stealth. The startup has also received $6.5 million in Series A funding from Kleiner Perkins Caufield & Byers and Sequoia Capital.

Drawbridge was founded in November 2010 by former lead scientist with AdMob, Kamakshi Sivaramakrishnan. AdMob was acquired by Google in 2010. Ms. Sivaramakrishnan has a doctorate in information theory from Stanford University.

Drawbridge is developing a self-learning cross-device advertising solution that brings desktop-like targeting to mobile advertising.  Drawbridge’s cross-device advertising platform is currently in beta.

Just in

Around the web

Windows 11 Start menu ads are now rolling out to everyone — The Verge

Microsoft is starting to enable ads inside the Start menu on Windows 11 for all users, writes Tom Warren. 
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.