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

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.