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Neural Propulsion Systems raises $17.5M

Pleasanton, Calif.-based Neural Propulsion Systems (NPS), a company specializing in software-defined radar technology, has raised $17.5 million in Series B funding. The funding round was led by Cota Capital, with contributions from GM Ventures and RTX Ventures.

The investment will support NPS in advancing its Atomic Sensing Platform, aimed at transforming radar technology for the automotive industry, the company said in a statement. This technology is expected to provide improved radar resolution and precision by utilizing a new mathematical framework, the Atomic Norm, for processing sensor data.

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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.