Lumiata Raises $10M

Lumiata, a San Francisco-based AI-powered predictive analytics startup, has raised $10 million in Series B financing led by Intel Capital. Existing investors Blue Cross Blue Shield Venture Partners, Sandbox Industries, and Khosla Ventures also participated in the round. The company has raised $20 million to date.

The Lumiata Medical Graph is comprised of more than 260 million data points, 4TB of structured and unstructured medical knowledge and 35,000 hours of physician review, says the company. The graph utilizes data types ranging from claims and EHR data to laboratory results and sensor readings, developed against a data repository of more than 60 million patient lives. Lumiata’s technology is utilized by Universal American, Google, and a major BlueCross plan.

[Image courtesy: Lumiata]

Just in

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.