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Lex Machina Raises $8.4M Series A Funding

Lex Machina has closed a $4.8 million Series A funding round, led by Boston-based Cue Ball Capital. Existing investors XSeed Capital, Costanoa Venture Capital, and Yahoo! co-founder Jerry Yang also participated in the round.

Lex Machina says it will use the funds to add new product features and expand its sales team.

Lex Machina is a Silicon Valley startup that spun out of a joint project of Stanford University Law School and Computer Science Department. Its technology includes machine learning and a state-of-the-art natural language processing (NLP) legal text classification system.

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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.