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GlobalLogic Acquires Method

GlobalLogic announced that it has acquired Method, a global design and innovation consultancy headquartered in San Francisco, with offices in London and New York. Expanding its capabilities to include world-class design for end-user experiences, GlobalLogic now supports the complete lifecycle of R&D services – from ideation through delivery. The acquisition enables GlobalLogic to better serve clients in major growth markets including social media, mobile commerce, IPTV, medical devices, and tablet computing. GlobalLogic  is backed by Goldman Sachs, NEA, Sequoia Capital, WestBridge Capital, and Draper Atlantic/New Atlantic Ventures.

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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.