tech:

taffy

Idemia awarded $128M TSA credential authentication technology contract

French biometrics firm Idemia’s U.S. avatar, Idemia I&S North America, has been awarded a contract by the Transportation Security Administration (TSA) for the next generation Credential Authentication Technology (CAT).

The contract ceiling is $128 million with a period of performance over seven years, Idemia said in a statement.

CAT is utilized by the TSA to ensure ID authentication and confirm boarding pass and Secure Flight pre-screening status at the airport security checkpoint, says Idemia. CAT is currently being utilized at approximately 200 airport locations nationwide. The next generation CAT, CAT 2, enhances security screening and enables a touchless experience through biometric technology that includes face match and acceptance of digital identity credentials, like Mobile ID.

Idemia I&S North America has been an authorized TSA PreCheck enrollment provider since 2013, processing enrollments for over 17 million travelers to date, according to the company.

Incidentally, Advent, the parent company of Idemia launched the sale of the company in March this year.

[Image courtesy: TSA]

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.