TechTaffy

tech:

taffy

RSmart Secures Series B Funding

By TechTaffy Desk

[Techtaffy Newsdesk]

RSmart, provider of education technology solutions built on open source, community developed Sakai and Kuali software, has secured $10.75 million in series B funding from ASAHI Net, GSV Capital, and private investors. The new funding will support rSmart’s growth strategy in three main areas – cloud infrastructure expansion, accelerated platform development, and expanded professional services capacity- says the company.

RSmart is a commercial open source company in the education market. The an early stage education technology company is based out of Phoenix.

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.