TechTaffy

tech:

taffy

G2 raises $157M

By TechTaffy Desk

Software marketplace company G2 has raised $157 million in Series D funding. The latest fund raise puts G2 at a valuation of more than $1.1 billion, the company said in a statement.

The investment was led by Permira. Existing investors Accel, Emergence, and IVP also participated in the round, along with new investors HubSpot Ventures and Salesforce Ventures, says Godard Abel, co-founder and chief executive of G2.

Permira partner Tom Eggemeier will join the G2 board.

G2 has a community of 60 million software buyers and 2,000+ corporate partners, according to the company.

G2 has raised $257 million to date.

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.