TechTaffy

tech:

taffy

Shanhai Capital to acquire Analogix Semiconductor

By TechTaffy Desk

Analogix Semiconductor and Beijing Shanhai Capital Management have entered into a definitive merger agreement under which a consortium led by Shanhai Capital will acquire all of the outstanding shares of Analogix for over $500 million. China Integrated Circuit Industry Investment Fund (China IC Fund) also joined Shanhai Capital’s fund as one of the limited partners. The transaction is subject to regulatory approvals and is expected to close in late 2016.

Analogix is headquartered in Santa Clara, California, and the majority of its engineering operations are located in Beijing, China. Current Analogix investors include DCM Ventures, Globespan Capital Partners, Keytone Ventures, and the Woodside Fund.

[Image courtesy: Analogix]

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.