Akima awarded $13M Defense Intelligence Agency knowledge management contract

RiverTech, a subsidiary of Akima, has been awarded a contract to provide knowledge management (KM) support services to the Defense Intelligence Agency (DIA) Directorate of Operations.

The award has a five-year period of performance and a total contract value of approximately $13 million, if all options are exercised, the company said in a statement. RiverTech will provide KM support services to ingest, transform, load, maintain and establish data sets.

The contract was awarded under the OASIS Small Business Indefinite Delivery Indefinite Quantity Pool contract.

[Image courtesy: DIA]

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.