tech:

taffy

Capillary Technologies Raises $15.5M

[Techtaffy Newsdesk]

Capillary Technologies, a provider of cloud-based software solution,  has closed a $15.5 million Series A round of venture financing led by Sequoia Capital and Norwest Venture Partners (NVP). Existing investor Qualcomm Ventures also participated in the round.

Capillary will use the capital infusion to expand to the U.S. market and further its presence in South East Asia, Europe, Middle East and Africa, and expand its product portfolio, says the company.

Capillary’s customers include Pizza Hut, Puma, Robinson’s, United Colors of Benetton, Mothercare, Store21, Sunglass Hut and Nike, among others.

Mohan Kumar of NVP and Shailesh Lakhani of Sequoia have joined Capillary’s board of directors.

Based in Singapore, Capillary’s offices are located in Singapore, Malaysia, Hong Kong, India, United Kingdom, USA, Emirates, Bahrain and South Africa.

Just in

Trump announces $20 billion foreign investment to build new U.S. data centers — CNBC

Emirati billionaire Hussain Sajwani, a Trump associate and founder...

Meta ending fact-checking program: Zuckerberg — The Hill

Social media giant Meta announced a series of changes...

How Elon Musk’s X became the global right’s supercharged front page — The Guardian

Every week, the platform seems to supercharge a news issue that comes to dominate conservative discourse – and often mainstream discourse, as well – with real political repercussions; writes J Oliver Conroy.

Court strikes down US net neutrality rules — BBC

A US court has rejected the Biden administration's bid to restore "net neutrality" rules, finding that the federal government does not have the authority to regulate internet providers like utilities; writes Natalie Sherman.