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OwnLocal Secures New Capital Funding

OwnLocal, a turnkey digital agency service, has secured new capital funding to expand its service offerings and market reach. This latest round, led by WordPress developer Automattic, brings the total investment in OwnLocal to around $2 million raised in the past 18 months. The new round also includes one of the largest investments to date from 500 Startups. Additional funding comes from Justin Kitch, founder of Homestead Technologies, which he sold to Intuit in 2007. Other angel investors contributed to the round through the Angel List network.

OwnLocal was founded by Lloyd Armbrust and Jason Novek in 2007 and received funding from Y Combinator, Baseline Ventures, Lerer Media Ventures, Paul Buchheit (creator of Gmail), Joshua Schachter (founder of delicious), and Alex Moore (principal at Anduin Ventures) in 2010. OwnLocal also happens to be one of the first for-profit entities to receive early-stage capital from the newly-formed $10 million John S. and James L. Knight Foundation with the Knight Enterprise Fund for media innovation.

 

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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

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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.