HSBC has scooped up the UK arm of failed Silicon Valley Bank, writes Michelle Toh.
Here is the link: https://www.cnn.com/2023/03/13/investing/svb-uk-business-deal-intl-hnk/index.html
HSBC buys SVB’s UK business, ending ‘nightmare’ for British tech — CNN
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Series A
Tembo raises $14M
Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web
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.
Fundings
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.
Around the web
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.
IT
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.