TechTaffy

tech:

taffy

Yuri Milner, Kleiner Perkins, Deutsche Telekom Invest In Jawbone

By TechTaffy Desk

 

By Sudarshana Banerjee

Jawbone, maker of devices for the mobile lifestyle, has received a combined $40 million in funding from Deutsche Telekom, Kleiner Perkins Caufield & Byers, private investor Yuri Milner, and investors advised by J.P. Morgan Asset Management.

Hosain Rahman (CEO, Jawbone): We are experiencing fantastic growth and the worldwide demand for our mobile lifestyle products and services is unprecedented.

The new capital brings Jawbone’s funding from investors to date close to $210 million, and will allow the company to broaden its end-to-end offerings and its global footprint.

Deutsche Telekom, with its presence in over 50 countries worldwide, is Jawbone’s key strategic and lead carrier partner for Jawbone’s European expansion.

The new backers join Jawbone’s existing investors: Andreessen Horowitz, Khosla Ventures, Sequoia Capital, and investors advised by J.P. Morgan Asset Management.

Jawbone is privately-held and headquartered in San Francisco.

Just in

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.
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.