TechTaffy

tech:

taffy

Replicon Raises $20M Series A Financing

By TechTaffy Desk

Cloud-based time tracking solutions company Replicon has raised $20 million in a Series A funding round. The investment was led by Emergence Capital Partners and The Social+Capital Partnership.

The financing will be used to support growth, with a focus on aggressive expansion, continued development of the company’s direct sales channel, and to extend its reach internationally into Europe and APAC, says the company.

More than 7,800 customers worldwide use Replicon’s cloud-based time tracking solutions, according to the company.

[Image courtesy: Replicon]

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.