tech:

taffy

Northrop Grumman Gets $80M System Development Contract

The U.S. Navy has awarded Northrop Grumman an $80 million contract to upgrade and enhance the Next Generation Command and Control Processor (NGC2P).

The five-year, indefinite-quantity, indefinite-delivery NGC2P Technology Refresh and Link 22 contract was awarded by the Space and Naval Warfare Systems Command (SPAWAR), San Diego. An additional two-year option would bring the total value to $95 million.

Under the contract, Northrop Grumman will provide software and hardware system development, engineering services and technology refresh field change kits for the communications processors aboard naval surface ships.

The NGC2P system is a tactical data link communication processor that provides critical real-time information about friendly and enemy activity during combat operations.

 

 

 

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.