TechTaffy

tech:

taffy

Instarem raises $13 million

By TechTaffy Desk

Singapore-headquartered cross-border payments company Instarem has received $13 million in funding. The investment was led by GSR Ventures, with participation from SBI-FMO Emerging Asia Financial Sector Fund (a fund sponsored by SBI Group Japan in association with FMO, Netherland’s Development Bank), Vertex Ventures, Fullerton Financial Holdings, and Global Founders Capital.

Instarem expects to expand into markets in Europe and the United States by Q4 2017. The company says it will be implementing a payment system that will speed up Euro payment transfers from 24 hours to less than 10 seconds across 34 member countries.

[Image courtesy: Instarem]

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.