TechTaffy

tech:

taffy

Swarm64 raises $12.5 million

By TechTaffy Desk

Swarm64, a company working on a scalable data accelerator (SDA), which enables relational databases to perform near real-time big data analytics, has secured a Series B funding round of $12.5 million. The investment was led by Intel Capital and Investinor. Alliance Venture and Target Partners participated in the round.

Don Faria, investment director with Intel Capital, led the investment.

Swarm64 is a Norwegian company with operations in Berlin, Germany.

[Image courtesy: Swarm64]

Just in

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.
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.