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SocialRadar Raises $12.75M

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.

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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.

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.

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.