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Kollective Closes $12.25M Series C Round

Kollective, a cloud-based software defined networking company, has closed a $12.25 million Series C funding round. Investors include MK Capital, Pritzker Group Venture Capital, Cross Creek Capital and Hatteras Funds.

Dan Vetras, Kollective CEO, said, “We are witnessing an explosive growth in enterprise-scale customers who leverage video as a key form of communication to dispersed employees worldwide.”

Just in

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.

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.

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.