TechTaffy

tech:

taffy

Ubiquiti Networks Adds Benchmark Capital’s Bill Gurley To Board

By TechTaffy Desk

[Techtaffy Newsdesk]

Bill Gurley, general partner at Benchmark Capital, has joined the board of directors at Ubiquiti Networks, a next-generation communications technology company.

“At Benchmark, I strive to work with great entrepreneurs who change the world for the better,” said Gurley. “What Robert has built with Ubiquiti Networks is the most radically disruptive business model I have ever seen. This represents the future of networking and stands to fundamentally upset the industry status quo. Joining the board to work shoulder-to-shoulder with him was a natural fit for us both.”

Gurley, who has been a general partner with Benchmark Capital for more than 10 years, also holds board seats with Demandforce, Opentable, Uber and Zillow among others.

Prior to working in venture capital, Gurley spent four years on Wall Street as a research analyst. He covered companies such as Dell, Compaq and Microsoft, and he was the lead analyst on the Amazon IPO. Gurley previously worked as a design engineer at Compaq Computer, working on products including Compaq’s first multi-processor server.

 

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.