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Datalogix Raises $25M

Datalogix has closed a $25 million Series B round of equity financing led by Institutional Venture Partners. IVP joins existing investors General Catalyst, Sequel Venture Partners and Costanoa Venture Capital.

Sandy Miller and Paul Ostling is joining the Datalogix board of directors. Mr. Ostling, former Global COO of Ernst & Young, joins as an independent director, and will lead the Datalogix audit committee. 

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.