tech:

taffy

Comtech receives $3.7 million funding for BFT-2 program

Comtech was awarded a contract modification totaling $3.7 million from the Consortium Management Group to support the U.S. Army Project Manager Mission Command (“PM MC”) and the Blue Force Tracking 2 (“BFT-2”) program.

This contract modification provides funding for Phase 1B following the Phase 1 execution in September 2017, says Comtech. The objective of both Phase 1 and 1B, which total $5 million, is to port additional waveforms onto the current BFT-2 transceiver.

The contract vehicle utilized for this award is pursuant to an Other Transaction Agreement (OTA) between C5 and the U.S. Army Contracting Command-New Jersey.

BFT-2 is the second-generation U.S. Army system that provides Situational Awareness (SA) and Command & Control (C2) messaging to U.S. Military platforms, and to Coalition Forces designated by the U.S. Combatant Commands. It uses GPS for positioning, navigation and network timing, and commercial satellites (L-Band) to exchange both SA and C2 messages between the platforms.

[Image courtesy: U.S. Army]

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.