TechTaffy

tech:

taffy

Gearset raises $55M (Cambridge, England)

By TechTaffy Desk

Cambridge, England-based Gearset, a company that provides DevOps solutions for Salesforce, has raised $55 million. The investment was led by Silversmith Capital Partners, the company said in a statemennt.

As part of the investment, Silversmith’s Sri Rao has joined Gearset’s board. Shea & Company acted as advisors to Gearset, Kirkland & Ellis served as legal counsel to Silversmith Capital Partners, and Mills & Reeve served as legal counsel to Gearset.

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.