TechTaffy

tech:

taffy

Ideogram raises $80M

By TechTaffy Desk

Ideogram, an AI startup working on image generation, has raised $80 million in Series A financing. The investment was led by Andreessen Horowitz. Other investors in include Redpoint Ventures, Pear VC, and SV Angel; along with existing investors Index Ventures.

Martin Casado, general partner at Andreessen Horowitz is joining the Ideogram board of directors.

Read the post about Ideogram 1.0 and the funding here.

Ideogram has a free to use tier, along with Basic and Plus subscriptions, that cost $7/month and $16/month respectively.

[Image courtesy: Ideogram]

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.