TechTaffy

tech:

taffy

Accel Partners Launches $100 Million Big Data Fund

By TechTaffy Desk

Accel Partners announced the launch of a $100 million fund for investments in big data companies, at the Hadoop World conference in New York.

Accel’s Big Data Fund aims to fund transformative early stage and growth companies throughout the Big Data ecosystem, from next generation storage and data management platforms to a wide range of revolutionary software applications and services – i.e. data analytics, business intelligence, collaboration, mobile, and vertical applications, among others.

Statement from Accel Partners: We believe the future multi-billion software companies will be emerge from the Big Data ecosystem.

The Big Data Fund will be managed by Accel Partners globally. Accel will also collaborate closely with entrepreneurs and technologists in Big Data who will lend their expertise as formal fund advisors – Doug Cutting (Apache Hadoop), Gil Ebaz (Factual), Jeff Hammerbacher (Cloudera), Jeff Heer (Stanford), Hilary Mason (Bit.ly), Jay Parikh (Facebook) and Kenny Van Zant (Solarwinds).

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.