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IBM ordered to pay $1.6 billion to BMC Software — The Register

IBM has been ordered to pay Houston-based IT firm BMC $1.6 billion for fraud and contract violations because it moved mutual client AT&T from BMC software to IBM software, writes Thomas Claburn.

Here is the link: https://www.theregister.com/2022/05/31/ibm_ordered_to_pay_16/

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Atlan raises $105M

San Francisco, Calif.-based Atlan, providers of a data and AI governance platform, has raised $105 million in a Series C funding round.

TikTok and its Chinese owner sue US government over “foreign adversary” law — Ars Technica

TikTok and its owner ByteDance today sued the federal government to block the "Foreign Adversary Controlled Applications" law that would prohibit TikTok in the US if the company isn't sold to a non-Chinese firm, writes Jon Brodkin in Ars Technica. 

Wiz raises $1B

Cloud security company Wiz has raised $1 billion in a funding round.

Augment raises $227M 

Palo Alto, Calif.-based Augment, an AI coding assistance startup, has emerged from stealth with the announcement of a $227 million Series B funding round.