TechTaffy

tech:

taffy

VMware to acquire CloudHealth Technologies

By TechTaffy Desk

VMware has signed a definitive agreement to acquire cloud operations platform company CloudHealth Technologies. The transaction is expected to close in VMware’s fiscal Q3 2019, subject to customary closing conditions, including regulatory approvals.

Financial terms of the deal were not disclosed, but according to a Reuters report the sticker price is roughly $500 million.

Once the CloudHealth Technologies deal is closed, VMware cloud automation services, VMware Secure State and Wavefront by VMware will deliver automation and compliance, security and governance, insights and analytics to complement CloudHealth Technologies’ capabilities, VMware said in a statement.

CloudHealth Technologies helps analyze and manage cloud cost, usage, security, and performance centrally for native public clouds. The company has over 3,000 customers; including Pinterest, Yelp, Dow Jones, Zendesk, Skyscanner and SHI, according VMware.CloudHealth Technologies is backed by Kleiner Perkins, Meritech, Sapphire Ventures, Scale Venture Partners, .406 Ventures and Sigma Prime Ventures.

[Image courtesy: CloudHealth Technologies]

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.