TechTaffy

tech:

taffy

Bedrocket Secures $15M Venture Funding

By TechTaffy Desk

[Techtaffy Newsdesk]

Bedrocket Media Ventures has secured $15 million in funding from NEA. Bedrocket will use the proceeds to invest in the growth of the company, which creates original content distributed through emerging cross-platform networks and social engagement.

Bedrocket was founded in 2011 by CEO Brian Bedol, co-founder of Classic Sports Network and College Sports Television, in partnership with Ken Lerer, General Partner of Lerer Ventures and co-founder of The Huffington Post.  Based in New York City, Bedrocket has 30 full-time employees.

Bedrocket’s joint venture with Interlude.fm, BIM, is developing interactive video formats. Bedrocket also has strategic investments in  new media companies, including VHX, an independent distribution platform for filmmakers; and Full Screen, a digital media company powered by a network of YouTube channels.

Just in

Around the web

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.
IT

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.
AI

OpenAI introduces new enterprise features

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.