Barracuda co-founder and CMO steps down; Erin Hintz to lead marketing

Barracuda Networks’ co-founder and chief marketing officer/executive vice president Michael Perone is stepping down as CMO, says the company. Erin Hintz, most recently CMO at Urban Airship, will be taking over as the new chief marketing officer and senior vice president. Mr. Perone will remain on the company’s board.

Ms. Hintz was most recently CMO at Urban Airship. Prior to that, she was vice president and general manager of global marketing and e-commerce for the Citrix SaaS division. Prior to Citrix, she led the worldwide marketing organization of Symantec’s Norton consumer business.

Mr. Perone said in a statement he wants to focus his time on building 345 Partners, a new venture fund which he recently co-founded.

[Image courtesy: Barracuda]

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.