tech:

taffy

Ford Buys Software Startup For In-Car Connectivity Solutions

Ford_livioAuto-maker Ford is acquiring Livio, a Ferndale, Mich.-based software development startup. Livio builds products and software tools to support smartphone/car connectivity and builds in-car connectivity solutions.   

Livio, co-founded by Sigal and Massimo Baldini, will be a wholly owned subsidiary of Ford Global Technologies, which manages all aspects of intellectual property for Ford. Livio will function as a separate department within Ford Electrical/Electronic Systems Engineering, while integrated into Ford’s overall connectivity operations. The deal gives Ford access to a broad group of application developers, while enabling Livio to maintain its independent and entrepreneurial approach, says Ford.

Paul Mascarenas (Chief technical officer and vice president, Research and Innovation, Ford): Ford intends to continue to lead the next generation of in-car connectivity with technology advancements that give consumers more options to access their devices on the go. 

Ford and Livio are joining forces amid explosive growth in the connected car market. Last year, more than 1.9 million vehicles were delivered with smartphone integration solutions, that number is expected to reach 21 million vehicles by 2018, according to a June report from London-based GSMA, which represents the global mobile industry, and data from SBD, a London automotive technology consulting firm.

Ford previously contributed Smart Device Link, the open source version of AppLink, to the GENIVI Alliance for use by app developers.

[Image courtesy: Ford]

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.