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Writer raises $21M

San Francisco, Calif.-based Writer, a company that provides an AI-based writing assistant for business use cases like marketing and documentation, has raised a $21 million Series A funding round.

The financing was led by Insight Partners. Gradient Ventures, the Todd & Rahul Angel Fund, Scott Belsky, Oliver Jay, Jack Altman, Allison Pickens, Packy McCormick, Lenny Rachitsky, Austin Rief, Ankur Nagpal, Alex MacCaw, Camille Ricketts, Vivek Sodera, Julia Lipton, and James Beshara also participated in the investments.

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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.