tech:

taffy

BitPay Hires Third Employee, Processing $5.2M In Monthly Transactions

bitpay

BitPay has appointed Kevin McInturff as vice president of Product Management, and the company’s third full-time employee. Mr. McInturff’s roles at BitPay will be managing e-commerce plugins, client libraries and API, and managing BitPay’s global Integration Partner program.

BitPay processed over $5.2 million in bitcoin transactions for its merchants during the month of March, with over 5,100 completed invoices, says the company. BitPay also approved over 1,300 new merchant applications during March, bringing their total number of  merchants to over 4,500. During March, BitPay’s bitcoin payment tools have also been integrated into E-GovLink, a billing system used by local governments, and FoxyCart, a SaaS cloud-hosted shopping cart service.

Mr. McInturff recently worked for Global Payments as their director of Application Development.

BitPay is a Payment Service Provider (PSP) specializing in eCommerce, B2B, and enterprise solutions for virtual currencies.

Just in

Tembo raises $14M

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

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. 

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.

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. 

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.