TechTaffy

tech:

taffy

SweetLabs Raises $13 Million

By TechTaffy Desk

SweetLabs, a privately held company funded by Google Ventures, Intel Capital, O’Reilly AlphaTech Ventures and Bessemer Venture Partners has raised $13 million in Series C funding led by Intel Capital. Existing investors Google Ventures and Bessemer Venture Partners also participated in the round.

Sweetlabs is the company behind the Pokki app platform and OpenCandy network. The OpenCandy Software Network powers user-friendly software recommendations in Windows installers. OpenCandy has powered over 400 million desktop app installs since the product launched in 2008, according to the company. Pokki,  a platform launched in June 2011 enables Web developers to create connected desktop applications using standard Web languages like HTML 5.

SweetLabs will primarily use the funds to invest in the growth of Pokki, said the company in a statement.

E-say

Marc Yi (Managing director, Intel Capital): Pokki has the potential to reinvent the PC experience and help unify an ecosystem where users interact with rich, always-on apps across all their platforms and devices.

Darrius Thompson (CEO and co-founder, SweetLabs): This investment from Intel Capital will help us achieve our goal of empowering developers to reach the largest, yet ironically most underserved, channel for applications—the PC.

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.