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BlackBerry CFO, COO Depart In Management Shakeup

Kristian Tear, chief operating officer, and Frank Boulben, chief marketing officer at BlackBerry are leaving the company. In another development, James Yersh will be replacing Brian Bidulka as the CFO. Roger Martin, a BlackBerry board member since 2007, has resigned.

Mr. Yersh, who has worked at BlackBerry since 2008, previously served as senior vice president, controller and as the company’s head of Compliance. Mr. Bidulka will stay on as a special advisor to the CEO for the remainder of the fiscal year to assist with the transition.

 

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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.