TechTaffy

tech:

taffy

ZTE To Invest $30 Million In The US Market

By TechTaffy Desk

[Techtaffy Newsdesk]

ZTE plans to invest $30 million in the US markets to step up its presence.

The company says it will use the funds to work with a number of local partners to tap into both core and innovative technologies in the telecommunications industry.

Lixin Cheng (CEO, ZTE USA): We have already established partnerships with major carriers in the U.S. and believe that these cross-border relationships will ignite the development of new communication technologies and enlarge the application scale of our joint innovations.

ZTE entered the North American market in 1997. The company says it has seen tremendous investment growth in the market since. As of the first half of 2012, ZTE has reached a procurement of more than $14.68 billion in the country. The company has established five R&D centers and one logistics center in the U.S. It employs around 300 people across the country.

Upload: 12-26-12

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.