TechTaffy

tech:

taffy

Panzura Closes $25 Million Series D Round

By TechTaffy Desk

Panzura, a provider of global cloud storage solutions, has closed a $25 million Series D funding round. The investment was led by Meritech Capital Partners with participation from existing investors Matrix Partners, Khosla Ventures, Opus Capital and Chevron Technology Ventures. Managing director with  Meritech Capital Partners, Paul Madera has joined Panzura’s board of directors.

The new round of funding brings the company’s total backing to $58 million.

Panzura grew its customer base by 700 percent in 2012 and has already exceeded 2012 bookings thus far in 2013, says the company.

[Image courtesy: Panzura]

Just in

AI

OpenAI introduces new enterprise features for AI platform

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.
Around the web

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. 
AI

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.