TechTaffy

tech:

taffy

Infusionsoft Raises $54M Growth Capital

By TechTaffy Desk

[Techtaffy Newsdesk]

Infusionsoft has raised $54 million in growth capital financing from Goldman Sachs, with participation from Arthur Ventures. The company says it will use the funds to ramp up product development, accelerate marketing and sales, and grow its partner and education programs.

To date, Infusionsoft has received a total of $71 million in funding. Goldman Sachs joins Mohr Davidow Ventures and Signal Peak Ventures as investors in Infusionsoft.

Infusionsoft provides an all-in-one sales and marketing software for small businesses. The company employs 350 people, and recently moved into new headquarters in Chandler, Ariz., where it plans to grow to 1,000 employees in the next three years.

 

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.