tech:

taffy

T-Venture Invests $7.5M In Pinger

[Techtaffy Newsdesk]

Pinger has closed a new round of venture capital financing from T-Venture, the venture capital arm of Deutsche Telekom. In conjunction with the $7.5 million investment, Bernhard Gold, investment director at T-Venture, has joined Pinger’s board of directors. The new investment will be instrumental in fueling Pinger’s international growth.

Pinger’s mission is to build the first free global communications network. According to comScore, Pinger’s US communication products are installed in 23% of iOS devices, putting Pinger among the top 5 most installed apps on iOS. The T-Venture investment will provide capital to accelerate Pinger’s penetration on other key platforms and around the world, says the company.

Previous investors in Pinger include Kleiner Perkins Caulfield & Byers and DAG Ventures.

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.