TechTaffy

tech:

taffy

Matrixx Software raises $40M

By TechTaffy Desk

Digital commerce platform company Matrixx Software has raised a $40 million Series C funding round. The investment was led by Sutter Hill Ventures.

Spring Lake Equity Partners and CK Hutchison also participated in the financing, along with existing investors Greylock Partners, Adams Street Partners, Telstra Ventures, and Swisscom Ventures.

Stefan Dyckerhoff, managing director at Sutter Hill, will join the company’s board.

[Image courtesy: Matrixx Software]

Just in

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.
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.