3 in Finance

4/24: HashiCorp (San Francisco, CA), infrastructure automation and developer of Terraform and Vault, reached a definitive agreement to be acquired by International Business Machines (NYS: IBM) for $6.4B. The deal, which carries significant implications for the open-source community, is seen as a strategic move to transition customers from VMware to OpenShift, as later stated by CEO Arvind Krishna. (Link)

4/24: Augment (Palo Alto, CA), a platform offering optimized suggestions for APIs, coding patterns and custom AI models, raised a $227M Series B venture round from Sutter Hill Ventures, Index Ventures, and Lightspeed Venture Partners. This transaction placed the company’s pre-money valuation at $750M. (Link)

4/1: The Southern California based manufacturer and installer of data center infrastructure structures, Southwest Data Products (San Bernardino), was acquired by Nucor (NYS: NUE) for $115M. (Link)

3 for Fun

Microsoft struggling to keep up with AI deployment demand on data center infrastructure, despite nearly doubling capital spend (Link)

A case for nuclear reactor powered data centers, could it quell fears of a potential energy crisis? (Link)

As cloud continues to go global, Microsoft invests $1.7B in cloud and AI infrastructure expansion in Indonesia (Link)