tech:

taffy

Wattpad Raises $17.3M

[Techtaffy Newsdesk]

Wattpad, a community built around e-books has raised $17.3 million in funding led by Khosla Ventures. The round also included Union Square Ventures, Golden Venture Partners, and Jerry Yang.

Allen Lau (CEO and Co-founder, Wattpad): Not many people know that we’re seeing engagement numbers which rival Pinterest, as we give users a new way to create and be entertained.

Based in Toronto, Wattpad is funded by Union Square Ventures, W Media Ventures and Golden Venture Partners. There are some 5 million stories in 25 languages posted in Wattpad, and over 500,000 new stories are added each month, says the company. There are around 8 million unique monthly visitors and a comment posted every second.

[Image Courtesy: Wattpad]

Just in

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.