tech:

taffy

MeLLmo Secures First Round Institutional Funding Of $30 Million

MeLLmo, a provider of  mobile applications that allow users to view and interact with critical business information on-the-go, announced that it has secured $30 million through its first round of institutional funding led by Sequoia Capital.

This is MeLLmo’s first round of institutional funding since it was founded in January 2008. Previously, MeLLmo had raised $20M from individual investors and the company founders. As part of MeLLmo’s partnership with Sequoia Capital, Greg McAdoo will join MeLLmo’s board of directors, and David Spector will join as a board observer.

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.