TechTaffy

tech:

taffy

Tidelift raises $15 million

By TechTaffy Desk

Open source software startup Tidelift has raised a $15 million Series A investment, led by General Catalyst, Foundry Group, and former Red Hat Chairman and CEO Matthew Szulik.

With the funding, Larry Bohn, managing director at General Catalyst; Ryan McIntyre, co-founder and managing director at Foundry Group; and Matthew Szulik have joined the Tidelift board.

Tidelift offers a subscription service, giving software development teams a single source for purchasing and maintaining software. The company also offers professional support and maintenance services.

[Image courtesy: Tidelift]

Just in

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.
Around the web

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu.