TechTaffy

tech:

taffy

Pivotal Raises $253M

By TechTaffy Desk

San Francisco-based software company Pivotal has raised $253 million in a Series C financing round. The investment was led by new investor Ford, already a Pivotal customer, with $182 million. Microsoft, and previous backers GE, EMC and VMware also contributed to the round. The new funding brings the valuation Pivotal to $2.8 billion reportedly.

Rob Mee,CEO, Pivotal: Here at Pivotal we are partnering with customers to create a world where the largest and most admired companies can build and run software like Google, Uber, or any venture-backed startup.

Pivotal works with nearly one-third of the Fortune 100 companies, including GE, Verizon, Home Depot, Comcast, Humana, Lockheed Martin, and Allstate.

[Image courtesy: Pivotal]

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.