TechTaffy

tech:

taffy

Wikia Raises $10 Million In Series C Financing

By TechTaffy Desk

[Techtaffy Newsdesk]

Collaborative media platform company Wikia has closed over $10 million in an oversubscribed round of Series C funding led by Institutional Venture Partners.  Existing investors Bessemer Ventures Partners and Amazon also participated in the financing.
Wikia says it will utilize the proceeds to further accelerate its mobile and video initiatives and acquisitions, among other things.
The most recent funding brings the total investment into Wikia to $25 million.
Upload: 12-03-12

Just in

Around the web

Windows 11 Start menu ads are now rolling out to everyone — The Verge

Microsoft is starting to enable ads inside the Start menu on Windows 11 for all users, writes Tom Warren. 
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.