Facebook Acquires Gowalla, Opens First East Coast Office

By Sudarshana Banerjee

Facebook has acquired location-sharing service Gowalla, reports Laurie Segall of CNN Money, citing sources close to the company. It is believed most of Gowalla’s employees, including founder Josh Williams, will now move to Facebook’s Palo Alto headquarters, and work on the social network’s Timeline functionality. We will share more information as get updates, but right now neither Facebook, nor Gowalla is talking.

According to a press release from Facebook, the company is also establishing an engineering presence in New York City. The Facebook NYC engineering office, the company’s first outside the West Coast, will open in early 2012 and will begin accepting applications immediately.

The office will be led by Serkan Piantino, an engineering manager at Facebook who previously managed the engineering team behind Facebook’s News Feed and built the infrastructure behind Timeline. He currently manages the engineering teams that power Facebook Messages and Chat.Jay Parikh, who oversees Facebook’s infrastructure team, will serve as the executive sponsor for the new office.

Just in

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.