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Citadel raises $12 million

Citadel Defense, a drone company working on counter drone systems, has secured $12 million in capital for its Series A Financing round. The round was funded solely by Lightspeed Venture Partners, and led by partners John Vrionis and Larsen Jensen.

Citadel has six current military and government clients, including the United States Department of Defense, the Defense Innovation Unit-Experimental (DIUX) and the Special Operations Communities, according to the company.

[Image courtesy: Citadel]

Just in

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.

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.

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.