TechTaffy

tech:

taffy

H2O.ai raises $40 million

By TechTaffy Desk

Open source deep learning platform and data products company H2O.ai has completed a $40 million Series C round of funding. The investment was led by Wells Fargo and Nvidia, with participation from New York Life, Crane Venture Partners, Nexus Venture Partners and Transamerica Ventures (the venture capital fund of Transamerica and Aegon Group).

H2o.ai customers include Capital One, Progressive Insurance, Zurich North America, Transamerica, Comcast, Nielsen Catalina Solutions, Neustar, Macy’s, Walgreens and Kaiser Permanente, according to the company website.

H2O.ai’s total amount of funding raised to $75 million.

[Image courtesy: H2O.ai]

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.