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FordDirect Appoints Mike Jurecki Chief Executive

FordDirect, a joint venture between Ford Motor Company and its franchised dealers to create a web presence for dealers and provide digital marketing and advertising services, has  appointed Mike Jurecki CEO.

Mr. Jurecki has served as RouteOne’s CEO since March 2002. Prior to joining RouteOne, he spent more than 20 years with Ford Credit where he served as the director of operations for Ford Credit’s Capital Efficiency unit. Mr. Jurecki received a bachelor’s degree in accounting from Eastern Michigan University and a master’s degree in business administration from the University of Detroit and Canisius College.

 

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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.