tech:

taffy

Brand Networks Raises $68M Growth Financing

Brand Networks, a provider of integrated social software solutions and digital marketing services, has raised $68 million in growth financing as a minority investment from AEA Investors.

Two partners from AEA will be joining Brand Networks’ board. Additionally, AEA has appointed Kurt Holstein as an independent board member.

Brand Networks is cash flow positive with triple digit revenue growth year over year since 2010, according to the company. Brand Networks has 135 employees across five offices in Boston, Los Angeles, New York City, Rochester and Toronto.

 

Investment bank Petsky Prunier served as exclusive financial advisor to Brand Networks.

Just in

Snowflake to acquire TruEra AI observability platform

Snowflake has entered into a definitive agreement to acquire TruEra, providers of an AI observability platform. Financial terms of the transaction were not disclosed.

Biggest Windows 11 update in 2 years nearly finalized, enters Release Preview — Ars Technica

Microsoft has released Windows 11 24H2 build 26100.712 to its Release Preview testing channel for Windows Insiders, a sign that the update is nearly complete and that the company has shifted into bug-fixing mode ahead of general availability, writes Andrew Cunningham in Ars Technica. 

Elon Musk’s xAI is working on making Grok multimodal — The Verge

Elon Musk’s AI company, xAI, is making progress on adding multimodal inputs to its Grok chatbot, according to public developer documents, writes Kylie Robison in The Verge.