TechTaffy

tech:

taffy

Siemens To Acquire eMeter

By TechTaffy Desk

Siemens is acquiring eMeter Corporation, headquartered in San Mateo, California for an undisclosed sum. The deal is expected to close by the end of this year.

eMeter will be part of the Smart Grid Division of the Siemens Infrastructure & Cities Sector, which is housed within Siemens in the United States.  eMeter will become a global business segment and center of competence for Meter Data Management (MDM), and  will continue to operate from its San Mateo headquarters as part of the Smart Grid Division.

J.P. Morgan served as financial advisor to eMeter in connection with this transaction.

Just in

Artificial Intelligence

Amazon to invest up to $4B in Anthropic

Amazon will invest up to $4 billion in Anthropic, and will acquire a minority ownership stake in the company. The two companies also announced a strategic agreement aimed at the development of generative artificial intelligence (AI) models.  
Series A

Mesh raises $22M

San Francisco, CA-based Mesh, a company working on simplifying digital asset transfers, crypto payments, and account aggregation, has raised $22 million in a Series A funding round.
IT

Cisco to acquire Splunk for $28B

Cisco and Splunk have announced an agreement where Cisco will acquire Splunk for $157 per share in cash, summing up to approximately $28 billion in equity value.
Series A

DynamoFL raises $15.1M

San Francisco, CA-based DynamoFL, has raised $15.1 million in a Series A funding round.
Industry

NetApp, Google Cloud collaborate to provide enterprise storage solutions

NetApp has announced the expansion of its collaboration with Google Cloud to introduce Google Cloud NetApp Volumes.