tech:

taffy

International Road Dynamics wins $4.6M Pennsylvania maintenance contract

International Road Dynamics, a highway traffic management technology company based in Saskatoon, Canada, has been awarded a $4,618,555 contract from the Pennsylvania Department of Transportation (PennDOT) for the installation, calibration and maintenance of Weigh-in-Motion (WIM) systems across the state. This contract has an initial term of two years and provides an option for renewal for up to three additional years.

PennDOT currently has 38 active IRD WIM systems that are covered under this agreement. Nine of these systems also include overview camera systems.

Data collection and planning site locations are made up of in-road instrumentation and IRD electronics and software. Historical data collected from these sites are used to develop daily and seasonal factors, as well as to identify changes in traffic patterns. Real time data is used to enhance safety and assist the State Police with enforcement activities.

[Image courtesy: IRD]

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.