TechTaffy

tech:

taffy

Revel Raises $100M

By TechTaffy Desk

Revel Systems, the iPad Point of Sale (POS) platform that rivals Square, has raised roughly $100 million in Series C funding from New York City-based private equity firm Welsh, Carson, Anderson & Stowe and others.

The round includes an initial $65 million investment from WCAS and an additional $25 million equity line available from WCAS. 

Sanjay Swani, a general partner at WCAS is joining Revel’s board.

[Image courtesy: Revel Systems]

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.