TechTaffy

tech:

taffy

Algorand raises $62M

By TechTaffy Desk

Boston-based blockchain startup Algorand has closed a $62 million equity investment round. The funding comes from a global investment group representing the venture capital, cryptocurrency, and financial services communities, the company said in a statement.

In another development, Steve Kokinos, co-founder and chairman at Fuze, and W. Sean Ford, co-founder of uPromise and former CMO of LogMeIn, have joined Algorand as CEO and COO, respectively.

Algorand, a company that promises blockchain transaction throughput velocity on par with large payment and financial networks and maintains that performance while securely scaling to billions of users, as per the company website; was founded by Silvio Micali, a MIT professor since 1983.

[Image courtesy: Algorand]

Just in

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.