TechTaffy

tech:

taffy

Ouster closes $27 million Series A financing round

By TechTaffy Desk

San Francisco-based Ouster, a company that develops LIDAR technology, has raised $27 million in Series A funding. The investment was led by Cox Enterprises.

Ouster’s funding will primarily be used for the manufacturing and the continued development of its next sensor designs, says Ouster. The company anticipates manufacturing capacity in the tens of thousands of sensors in 2018 based on its current product design.

Ouster has raised $30 million to date.

[Image courtesy: Ouster]

Just in

Around the web

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.
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.