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Cisco invests $15 million in Israeli storage company Elastifile

Cisco Investments has invested $15 million in Israeli storage company Elastifile. The latest investment brings the total funds raised by Elastifile to $50 million to date.

Elastifile was founded in 2013. Investors in the company include Battery Ventures and Lightspeed Venture Partners. The company is headquartered in Herzliya, Israel, with a Marketing & Sales office in San Jose, Calif.

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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.