TechTaffy

tech:

taffy

IoT platform provider Ayla Networks raises $39 million

By TechTaffy Desk

Ayla Networks has raised $39 million in a Series C financing round. The investment was led by Ants Capital, and co-led by 3NOD. Mitsui and Acorn Pacific also participated in the round, along with existing investors Cisco Investments, Crosslink Capital, International Finance Corp., Linear Venture, SAIF Partners/Oriza Ventures, SJF Ventures and Voyager Capital.

Santa Clara, California-based Ayla provides a global Internet of Things (IoT) platform for manufacturers. Customers of the company include Fujitsu and TCL, according to the company website.

[Image courtesy: Ayla Networks]

Just in

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.
Around the web

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu. 
AI

The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership

The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities.