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Dell Launches $300M Strategic Innovation Venture Fund

Dell Ventures, Dell’s strategic investment arm, is launching a $300 million Strategic Innovation Venture Fund. The fund will be used to invest in early-to-growth-stage companies in emerging technology areas, including storage, cloud computing, big data, next-generation data center, security and mobility.

The Strategic Innovation Venture Fund is Dell’s second major investment fund and builds on the $60 million Dell Fluid Data Storage Fund started last year.

The Dell Ventures model is to co-invest with venture capitalists and strategic investors, acting as a board advisor and making Dell resources available to the portfolio companies. These resources include technical and business counsel, as well as access to brand scale, OEM solutions, channel and go-to-market relationships.

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Raspberry Pi is now a public company — TC

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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.