tech:

taffy

Golden Seeds Gets $4M To Invest In NY Startups

[Techtaffy Newsdesk]

Golden Seeds will receive $4 million to invest in seed and early stage technology, life sciences, and consumer product companies located in all regions of New York State.  Golden Seeds will manage the funds received from the Innovate New York Fund alongside its two venture capital funds that currently have $30 million under management, says the investment firm.

Golden Seeds was one of six investment funds selected to invest in seed stage businesses in New York State.  The funding is part of Empire State Development’s Innovate New York Fund, which will utilize a $25 million grant from the U.S. Department of Treasury’s State Small Business Credit Initiative to leverage at least $50 million in private investment and create over 2,200 jobs for small businesses.

Golden Seeds is an investment firm dedicated to the empowerment of women entrepreneurs.  Its angel network consisting of over 240 men and women is the fourth largest in the US and was the third most active in terms of deals done in 2011. Its venture capital group of eight Managing Partners currently has two funds under management with investments in 25 portfolio companies.

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.