tech:

taffy

Eutelsat, ViaSat close European broadband joint venture

Eutelsat and ViaSat have closed their partnering arrangement combining Eutelsat’s European broadband business with ViaSat’s broadband technology know-how and Internet Service Provider (ISP) business.

The two companies are creating a partnership that will expand Eutelsat’s current wholesale broadband business and launch a new consumer retail service in Europe, headquartered in Lausanne, Switzerland.

The joint venture will consist of two businesses:

  • Wholesale Services – Eutelsat is contributing its current European broadband business including the KA-SAT satellite to the newly formed entity, owned 51% by Eutelsat. ViaSat has acquired a 49% interest in the business for a consideration of €132.5 million.
  • Retail Services –  will focus on offering retail broadband services in the European and Mediterranean regions. This business is owned 51% by ViaSat and 49% by Eutelsat.

Eutelsat and ViaSat have an existing decade-long relationship.

[Image courtesy: ViaSat]

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.