TechTaffy

tech:

taffy

UpOut Raises $850,000

By TechTaffy Desk

UpOut, a guide that provides personalized recommendations to local events, has closed $850,000 in seed funding from Silicon Valley angels, including the Sand Hill Angels and TEEC Angels. Previously, UpOut participated in Tandem’s accelerator program.

The technology behind UpOut aggregates thousands of local events and ranks them based on accuracy and preferences, giving users event suggestions. A companion to the website, UpOut’s mobile app, was released last year.

The company started out as a weekend project in the dorm rooms of Babson College by twenty-one-year old Martin Shen and nineteen-year-old Will King.

[Image courtesy: UpOut]

Just in

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. 
AI

The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership

The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities.