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Numecent Closes $13.6M Funding Round

Numecent has closed $13.6 million in a funding round led by T-Venture, the VC arm of Deutsche Telekom.  The financing will be used to fund organizational growth in sales, marketing and engineering, says the company.  

Numecent is a B2B business, and provides digital delivery, deployment and provisioning of native software and other non-linear assets through virtualization. The company uses patented ‘cloudpaging technology’ that it says can reduce the network footprint of digital downloads between 20x and 100x and execute them natively without actually requiring installation. Once cloudpaged, applications can even run off-line.

 

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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. 

The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership

The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities.