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Steelhouse Closes $6.3 Million Series B Financing

SteelHouse  has closed $6.3 million in Series B funding from Greycroft Partners, Rincon Venture Partners, Lighthouse Venture Group  and joins original investors Baroda Ventures and Ron Conway / SV Angel.

Mark Douglas (CEO, SteelHouse): The next 12 months will be the most exciting year in our company’s history.

SteelHouse is into behavioral commerce, enabling online retailers to deliver offers to their shoppers based on their distinct shopping personalities and buying behaviors. Steelhouse investors include Ron Conway, and venture capital firms Baroda Ventures, Greycroft Partners, Rincon Venture Partners and LightHouse Venture. Behavioral Commerce helps e-commerce companies give different shoppers different offers based on their shopping personalities and buying behaviors.

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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.