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Tegile Systems Raises $35M

Tegile Systems, a provider of hybrid storage arrays for virtualized server and virtual desktop environments, has closed a $35 million Round C funding. The investment was led by Meritech Capital Partners, with additional investment by original stakeholder August Capital and strategic partners Western Digital  and SanDisk. Paul Madera, managing director of Meritech, is joining Tegile’s board of directors.

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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. 

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.