tech:

taffy

Banyan Branch Raises $1.7 Million Series A Funding Round

Banyan Branch, a full-service social media agency that provides end-to-end marketing services, announced that it has secured $1.7 million in growth funding from a group of private investors.

Investors and entrepreneurs participating in the Series A growth round included Bob Gay, CEO and co-founder of Huntsman Gay Global Capital; Bill Bryant, venture partner at Draper Fisher Jurvetson; Geoff Entress, venture partner at Voyager Capital; Neil Patel, founder of KISSmetrics; Chase Franklin, co-founder and former CEO of Qpass; Taft Price, co-founder of Oakley Networks; Adam Gross, chief marketing officer, The Jordan, Edmiston Group; Andrew Garnock, private investor; and John Morris, president of West Olympic Investments.

In conjunction with the financing round, Seattle angel investor Geoff Entress will join Banyan Branch’s Board of Directors.

Over the past 12 months, Banyan Branch has experienced almost 100 per cent revenue growth, said the company. It plans to use the capital to accelerate growth into key verticals and continue investment in social media processes, media buying and technology for its clients.

Just in

ArmorCode raises $40M

Palo Alto, Calif.-based ArmorCode, a company specializing in Application Security Posture Management (ASPM) and Risk-Based Vulnerability Management (RBVM), has raised a $40 million Series B funding round.

IBM unveils Heron processor and Quantum System Two

IBM unveiled the Quantum Heron processor at the company's annual Quantum Summit in New York on Monday, along with Quantum System Two, a modular quantum computer featuring three IBM Heron processors. 

Microsoft joins OpenAI’s board with Sam Altman officially back as CEO — The Verge

Sam Altman is officially OpenAI’s CEO again, writes Alex Heath. 

AWS, Salesforce expand strategic partnership

Amazon Web Services (AWS) and Salesforce announced an expansion of their global strategic partnership, deepening product integrations across data and artificial intelligence (AI), and for the first time offering select Salesforce products on the AWS Marketplace.