TechTaffy

tech:

taffy

IBM to support $2.6B IRS IT modernization program

By TechTaffy Desk

IBM, alongside three other companies, has been selected to aid in the Internal Revenue Services’ (IRS) seven-year Enterprise Development Operations Services (EDOS) contract, amounting to $2.6 billion.

The EDOS contract focuses on a substantial technology overhaul program for the IRS. Its main goals include the modernization of the existing IRS IT systems, enhancement of cybersecurity measures, extension of advanced analytics capabilities, and revamping of the fundamental infrastructure.

The EDOS program’s wide-ranging scope is planned to be delivered via individual task orders, an integral part of the IRS’s six-year Modernization Plan that was launched back in 2019.

[Image courtesy: IRS]

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.