TechTaffy

tech:

taffy

Sarcos Robotics secures investment from Caterpillar, GE and Microsoft

By TechTaffy Desk

Sarcos Robotics, a company that makes dexterous industrial robots for use in unstructured environments, has secured a round of funding from a group of investors including Caterpillar Ventures, GE Ventures, and Microsoft. The company announced the funding in a statement, but did not disclose the amount. The amount raised is a reported $10.5 million.

Cottonwood Technology Fund, together with the company’s three co-founders, Ben Wolff, Dr. Fraser Smith and Dr. Marc Olivier, also invested in the financing round, says the company.

[Image courtesy: Sarcos]

Just in

Around the web

Windows 11 Start menu ads are now rolling out to everyone — The Verge

Microsoft is starting to enable ads inside the Start menu on Windows 11 for all users, writes Tom Warren. 
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.