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India’s Escorts Group Is Replacing Its ERP Infrastructure With IBM Hardware

The Escorts Group, an Indian engineering conglomerate, is replacing its existing ERP system infrastructure with a workload-optimized hardware solution from IBM. Escorts is replacing its existing HP PA-RISC servers with IBM Power 750 Express and IBM Power 740 Express systems. Each of the systems is complemented by IBM System Storage DS5000s, and IBM Tivoli Storage Manager software. The replacement is expected to provide the Escorts Group with savings in power and cooling costs of between 30 to 35 per cent over a three year period, according to a statement from IBM. The size of the deal was not disclosed. You can find the statement from IBM here.

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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.