TechTaffy

tech:

taffy

HP Appoints Ralph Whitworth To Board of Directors

By TechTaffy Desk

Ralph V. Whitworth, co-founder of Relational Investors, will joining the HP board of directors  effective immediately, HP has announced. The appointment expands the number of board members by one to 14. Whitworth will join two board committees, the Finance and Investment Committee and the HR and Compensation Committee.

HP and Relational have entered into a letter agreement under which Relational will support the HP board, and the board will nominate and support Whitworth, for the next two years, as long as Relational continues to be a significant stockholder of HP.

In another development, Rajiv L. Gupta has been designated as lead independent director of the HP board. Gupta has served as a member of the board since January 2009 and has extensive leadership experience at large global companies.

Gupta currently serves as chairman of Avantor Performance Materials, a manufacturer of chemistries and materials. He also serves on the boards of directors of Tyco International and The Vanguard Group, and as senior advisor to New Mountain Capital, a private equity firm.

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.