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Magic Leap Raises $542M In Series B Funding

Magic Leap, an augmented reality startup in stealth mode, has raised $542 million in a Series B round of financing. The financing was led by Google, with...

Resilient Network Systems Awarded NSTIC Grant

Resilient Network Systems  has been awarded an NSTIC grant as the prime contractor, building a new trusted identities system. President Obama initiated NSTIC to make online...

Garmin To Buy Interphase Technologies

Garmin has signed an agreement to acquire Interphase Technologies, a privately-held manufacturer of phased array scanning sonar technology headquartered in Soquel, California. This transaction...

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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.