TechTaffy

tech:

taffy

Microsoft, GE Healthcare Complete Caradigm Joint Venture

By TechTaffy Desk

[Techtaffy Newsdesk]

General Electric, through its healthcare IT business, and Microsoft have completed the formation of  a 50-50 joint venture health IT company Caradigm.

Caradigm will develop and market an open healthcare intelligence platform and collaborative clinical applications. Plans for the joint venture were first announced on Dec. 7, 2011, and the final agreement was completed on June 1, 2012.

The Caradigm board of directors and leadership team is composed of executives from both parent companies. Caradigm will be led by CEO Michael Simpson, who joins the company from GE Healthcare. Lauren Salata has been appointed as chief financial officer and Michael Willingham as quality assurance and regulatory affairs executive.

Caradigm will be located at City Center Bellevue in Bellevue, Wash., with significant presence in Salt Lake City, Utah; Andover, Mass.; Chevy Chase, Md.; among other places.

You may also be interested in:

GE, Microsoft Share Plans For JV, Caradigm

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.