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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

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.

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. 

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.