TechTaffy

tech:

taffy

P&G And Powermat Announce JV

By TechTaffy Desk

Procter & Gamble and Powermat have announced that they intend to form a joint venture (JV) to bring wireless power products to consumers around the world. As part of the strategic alliance between P&G’s Duracell brand and Powermat, P&G also expects to make an equity investment in Powermat. It is expected that the JV will begin operation early next year, according to a statement by P&G. Powermat has been chosen by General Motors and will be integrated into its cars as of 2012, and the company is expanding its technology into public spaces, office furniture and major appliances. You can read the statement by P&G here.

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.