TechTaffy

tech:

taffy

Entelo closes $20 million Series C financing round

By TechTaffy Desk

Entelo, a company that provides recruiting solutions, has closed a $20 million Series C financing round. The investment was led by U.S. Venture Partners with participation from existing investors Battery Ventures and Shasta Ventures. Correlation Ventures also participated in the round.

Entelo’s solution currently serves more than 600 companies including Capital One, Cisco, Facebook, GE, Genentech, Netflix, Northrop Grumman, and Target, according to a statement from the company. Entelo says it will use the new funds to continue its investment in artificial intelligence and to accelerate hiring.

In another development, Entelo announced newly forged relationships with world-class data providers, including Equifax, FullContact and InsideView.

[Image courtesy: Entelo]

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.