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Billtrust Raises $25M From Bain Capital

Billtrust has closed a $25 million funding round from Bain Capital Ventures. Billtrust says it will use the capital to acquire companies. As part of...

Dynamics Raises $70M

Dynamics has closed a $70 million Series C round of financing. New investors MasterCard and CIBC were joined by existing backers Bain Capital Ventures and Adams Capital Management. Dynamics, founded in 2007 by Jeff Mullen, designs and manufactures intelligent battery-powered payment devices and advanced payment platforms.

Homebase raises $60M

San Francisco, Calif.-based Homebase, an HR and team management app, has raised $60 million in a Series D funding round.

Rubber Ducky Labs raises $1.5M

San Francisco, Calif.-based Rubber Ducky Labs, a company that builds operational analytics for recommender systems, has raised $1.5 million in seed investment.

Elastio raises $18M

Reston, VA-based Elastio, a company providing backups and recovery as a service, has raised $18 million in a Series A round. 

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Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.