TechTaffy

tech:

taffy

Unum Group chooses Clearwater Analytics for investment accounting solutions

By TechTaffy Desk

The Unum Group has selected Clearwater Analytics for cloud-based investment accounting and reporting solution to provide validated portfolio data, investment book of record accounting, and transparent real-time portfolio reporting, the companies said in a statement.

Unum will utilize Clearwater’s integrated accounting, compliance, performance, and risk solution to sunset more than 20 home-grown and third-party systems across its investment operations.

Unum’s investment team will also leverage Clearwater to automate regulatory disclosures, general ledger integration, and other period-end close processes.

[Image courtesy: Unum Group]

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.