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Nextbit Raises $18 Million

Nextbit Systems, a stealth startup based in San Francisco, has raised $18 Million in series A funding, led by Accel Partners and Google Ventures. As part of the fundraising, Nextbit will add Rich Miner and Rich Wong to its board of directors.

The founders of Nextbit, Tom Moss and Mike Chan, are both entrepreneurs-in-residence at Accel Partners. The company has not released any information regarding its product plans, but says its team includes engineers from Google’s Android team, Apple’s iOS team, Dropbox, and Amazon’s AWS team.

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.