TechTaffy

tech:

taffy

WeddingWire Raises $25M

By TechTaffy Desk

[Techtaffy Newsdesk]

WeddingWire  has received a $25 million investment from Spectrum Equity. As part of the investment, Ben Spero, managing director at Spectrum Equity, and Pete Jensen, principal at Spectrum Equity, will join the WeddingWire board.

WeddingWire was founded five years ago as a resource for brides. The WeddingWire site offers a directory of wedding and event professionals, and includes user reviews. The company’s also has a Software-as-a-Service (SaaS) platform, that currently powers  some 125,000 local businesses across the U.S. and Canada. WeddingWire has also expanded to include other event-related sites such as BirthdayWire.com and MitzvahWire.com.

Existing institutional investors in WeddingWire include Catalyst Investors and Southern Capitol Ventures.

Just in

Public Sector

Leidos awarded $206M NGA contract for geospatial processing modernization

Leidos has been awarded a contract by the National Geospatial-Intelligence Agency's (NGA) Exploitation Services Program to sustain and modernize geospatial processing.
AI

Infosys, ServiceNow ink generative AI collaboration

Infosys and ServiceNow have inked a collaboration to develop generative AI-powered industry solutions.
Around the web

Saudi Arabia’s internet usage hits 99% in 2023 — Gulf News

Saudi Arabia recorded a significant increase in internet usage in 2023, with a penetration rate reaching 99 per cent, demonstrating near-universal access among its population, according to a Gulf News report. 
Series C

Atlan raises $105M

San Francisco, Calif.-based Atlan, providers of a data and AI governance platform, has raised $105 million in a Series C funding round.
AI

OpenAI introduces AI-generated content detection tool

OpenAI has announced the launch of a new tool designed to distinguish content created by artificial intelligence.