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Alibaba Cloud opening four new data centers

Alibaba Cloud, the cloud computing arm of Alibaba Group, is opening four new data centers. A new facility in Dubai went online on Monday, with data...

Sprint Appoints Nikesh Arora To Board

Nikesh Arora has joined the Sprint board of directors, bringing the total number of board members to nine. Mr. Arora has been chief executive officer...

Ola Cabs Raises $210M

SoftBank Internet and Media (SIMI), part of Japanese telecom and media giant SoftBank, is leading a $210 million investment along with other investors in ANI Technologies,...

SotfBank Invests $627M In Indian E-Commerce Company Snapdeal

Japanese telecom and media group SoftBank is investing $627 million in Snapdeal, making it what the company says will be the largest investor in...

EdCast Raises $6M

EdCast, a Stanford StartX company that creates knowledge cloud platforms for organizations to collaborate upon, has completed a $6 million Series A round of financing led by SoftBank Capital. Mitch Kapor (Kapor Capital), Menlo Ventures, Novel TMT Ventures, Cervin Ventures, Aarin Capital, NewSchools Venture Fund/ CoLab, and the Stanford StartX Fund.

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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.