tech:

taffy

AtScale raises $50 million

San Mateo, California-based data warehouse virtualization platform company AtScale, has closed a Series D funding round of $50 million. The investment was led by Morgan Stanley, with participation from existing investors Storm Ventures, and Atlantic Bridge; along with Wells Fargo .

The AtScale platform serves as the virtualization layer for online analytical processing (OLAP), enabling organizations to integrate cloud data platforms like Snowflake, Google BigQuery, Amazon Redshift and Microsoft Azure SQL Data Warehouse into their operational analytics, says the company.

AtScale customers include TD Bank, Allstate, Kraft-Heinz and JPMorgan Chase, according to a statement released by the company.

[Image courtesy:  AtScale]

Just in

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.

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.

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.