TechTaffy

tech:

taffy

Plivo Closes $1.75M Seed Round

By TechTaffy Desk

[Techtaffy Newsdesk]

Voice and messaging applications platform provider Plivo has closed a $1.75 million seed round of financing from investment firms Andreessen Horowitz, Battery Ventures, Qualcomm and SV Angel.

Plivo says it plans to use the seed money primarily for continued innovation, sales and marketing. The company currently has 17 employees, and plans to have more than 20 by year’s end. It will also be expanding its platform beyond voice and messaging into areas such as video and WebRTC, which will enable applications such as voice calls and video chat without plugins.

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.