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L’Oréal renews analytics deal with Gridsum

Gridsum, a provider of cloud-based big-data analytics and artificial intelligence solutions in China, has signed a three-year contract extension from 2018-2020 with L’Oréal.

Mr. Guosheng Qi, chief executive officer of Gridsum, commented, “L’Oréal was one of the first major multinational companies in China to subscribe to our marketing automation suite back in 2009. Since then, we have developed a deep relationship that now covers multiple areas of the company’s digital marketing strategy, including social media, user experience optimization and bid-to-business-KPI optimization.”

[Image courtesy: L’Oréal]

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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

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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.