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Nextbit Raises $18 Million

Nextbit Systems, a stealth startup based in San Francisco, has raised $18 Million in series A funding, led by Accel Partners and Google Ventures. As part of the fundraising, Nextbit will add Rich Miner and Rich Wong to its board of directors.

The founders of Nextbit, Tom Moss and Mike Chan, are both entrepreneurs-in-residence at Accel Partners. The company has not released any information regarding its product plans, but says its team includes engineers from Google’s Android team, Apple’s iOS team, Dropbox, and Amazon’s AWS team.

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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.