Silicon Valley-based logistics technology startup FR8 Revolution has raised $8.5 million from German company MAN Truck & Bus, a Volkswagen Truck & Bus subsidiary. The Series A round brings the total investment in the company to roughly $10 million. The company is currently in Beta with a planned launch this summer for its open platform.
FR8 Revolution Raises $8.5M
Just in
Around the web
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.
IT
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.
AI
OpenAI introduces new enterprise features
OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web
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.
Industry
Square expands offline payments globally
Payment processing company Square has announced the expansion of its offline payments feature to all hardware devices and countries.