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Sophia Closes $3.7M Series A Round

Semantic content analysis company Sophia has closed a $3.7 million Series A funding round. The investment was led by Atlantic Bridge, and will be used to increase marketing and sales efforts in North America and to accelerate product roll-out, says the company.

Sophia was established in 2007 by Dr. David Patterson from the University of Ulster in Belfast, N. Ireland and Dr. Vladimir Dobrynin from Saint Petersburg State University, Russia.

Sophia’s US Headquarters are located in San Jose, California, with additional offices in Belfast, N. Ireland and St. Petersburg, Russia.

Just in

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.