TechTaffy

tech:

taffy

Barclays, Cutover ink multi-year enterprise SaaS agreement

By TechTaffy Desk

Barclays has signed a multi-year enterprise agreement with SaaS company Cutover, a 2015-graduate of the bank’s accelerator program.

Following Cutover’s graduation from the program, Barclays became a client and in 2017 signed a multi-year enterprise license agreement that allows Cutover solutions to be used across the bank’s operations.

Cutover enables the planning, orchestration and audit of human and technical activities in technology releases, resilience testing and major incident management; among other things. The company is headquartered at Rise London, home of the Barclays Fintech Accelerator in the UK, with offices in New York.

[Image courtesy: Barclays]

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.