TechTaffy

tech:

taffy

Misfit Raises $15.2 Million

By TechTaffy Desk

Misfit Wearables has closed a $15.2 million Series B financing led by Hong Kong-based Horizons Ventures. Existing investors, including Founders Fund, Khosla Ventures, Norwest Venture Partners, OATV, Max Levchin, and incTank, took their full pro-rata amounts in the round. Other new investors include Translink Capital, Coca Cola, TenOneTen Ventures, Atom Factory, and Nick D’Aloisio. Jason Wong from Horizons will be joining Misfit’s Board.

Misfit Wearables invents and manufactures wearable computing products. The company was founded in 2011 by Sonny Vu with John Sculley, the former CEO of Apple and Pepsi, and Sridhar Iyengar, co-founder and CTO of AgaMatrix.

[Image courtesy: Misfit]

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.