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Flowtown Has Been Acquired By Demandforce

Flowtown has been acquired by Demandforce, writes Ethan Bloch, CEO and co-founder of the company in a blog post. “If Dan and I continued to build Flowtown independently, Demandforce would be exactly the kind of organization we’d envision building,” Bloch said. Dan Martell is co-founder of Flowtown. The size of the deal was not disclosed.

Flowtown is a San Francisco-based social media marketing company. Founded in 2003, Demandforce develops SaaS (software-as-a-service) applications automated marketing and communications solutions for the auto, chiropractic, dental, optometry, and spa industries, among others. According to the company’s Crunchbase profile, Demandforce has achieved 18 quarters of over 80 per cent year-over-year quarterly growth.

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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.