TechTaffy

tech:

taffy

Canadian AI Company Vestec Raises $1.5M

By TechTaffy Desk

Vestec has secured a $1.5 million equity investment from V. Raman Kumar, founder and former CEO of clinical documentation company MModal.

Mr. Kumar has joined Vestec’s board as vice chairman. He will also oversee the development of products and services for the global industry with a special focus on healthcare.

Vestec was founded by a group of Artificial Intelligence (AI) researchers from the University of Waterloo, Canada, under the chairmanship of Dr. Fakhri Karray. Vestec is working on speech technologies using Artificial Intelligence (AI) research. The company is currently developing aText-to-Speech (TTS) engine.

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.