TechTaffy

tech:

taffy

SocialRadar Raises $12.75M

By TechTaffy Desk

SocialRadar has secured $12.75 million in Series A funding. The round was led by New Enterprise Associates (NEA), Grotech Ventures and SWaN & Legend Ventures. A long list of angel investors, including Steve Case, Ted Leonsis, Dave Morin, Kevin Colleran, Steven Gruber, Mark Ein, Roger Novak, Jack Biddle, Matthew Pittinsky, Tom Davidson, Dan Cane, Andrew Rosen, Peter Corbett,  Dan Mindus and NextGen Angels, a DC-area angel investor group.

Dayna Grayson from NEA, Steve Fredrick from Grotech Ventures, Fred Schaufeld from SWaN & Legend Venture Partners and Kevin Colleran will be joining the SocialRadar board.

SocialRadar is developing technologies in the social location space and working on apps for iPhone, Android, and Google Glass.

Just in

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.
Around the web

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu. 
AI

The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership

The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities.