tech:

taffy

Cave Consulting Group Awarded $12M In Patent Infringement Case

cave group

A California federal jury awarded Cave Consulting Group,  roughly $12 million after determining that UnitedHealth Group’s subsidiary OptumInsight infringed Cave Consulting Group’s patent for measuring physician efficiency. The jury also rejected OptumInsight’s counterclaim that Cave Consulting Group infringed OptumInsight’s patent for processing medical claims data. The federal jury determined that OptumInsight infringed the ‘126 Patent by operating and licensing its Impact Intelligence software, a competing solution for developing physician efficiency scores.

In response to Cave Consulting Group’s lawsuit, OptumInsight filed counterclaims asserting that Cave Consulting Group infringed eight patents relating to the processing of medical claims data. Cave Consulting Group defeated seven of those patents in pre-trial proceedings and obtained a jury finding of non-infringement on the eighth at trial.

The case is Cave Consulting Group Inc. v. OptumInsight Inc., case number 5:11-cv-00469, in the U.S. District Court for the Northern District of California. Cave Consulting Group is represented by Richard Brophy, David Harlan, Mark Thomas and Zach Howenstine of Armstrong Teasdale and Andrew Leibnitz of Farella Braun + Martel.

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.