TechTaffy

tech:

taffy

Sumitomo selects AWS to drive its digital transformation

By TechTaffy Desk

Sumitomo, a trading and investment conglomerate with operations in 66 countries, is working with Amazon Web Services (AWS) for digital transformation, as part of a multi-year initiative.

Sumitomo will migrate 16 groupwide, mission-critical systems to the cloud, including sales and accounting, shifting to SAP S/4HANA on AWS. Sumitomo will also be utilizing AWS machine learning to develop applications that measure blue carbon, aiming to lower carbon footprints for organizations in Japan, the companies said in a statement.

Sumitomo is collaborating with SCSK, an AWS premier consulting partner and a Sumitomo company for the transformation iniatiatives.

The partnership between Sumitomo and AWS dates back to 2017.

[Image courtesy: Sumitomo]

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.