TechTaffy

tech:

taffy

BigPanda Raises $7M

By TechTaffy Desk

BigPanda

Data science company BigPanda has raised $7 million in a Series A round of funding. The investment was led by Mayfield Fund with participation from Sequoia Capital, which previously led a $1.5 million seed round. This brings the company’s total funding to $8.5 million to date.

BigPanda uses data science to automate and streamline incident management. The company says it analyzes the flood of alerts that IT, NOC & DevOps teams face everyday and clusters them into high-level incidents, automating the manual processes involved with detecting, investigating and collaborating around every IT alert.

[Image courtesy: BigPanda]

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.