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Rebagg Raises $8M

Rebagg has closed $8 million in a Series A funding round, led by existing investor General Catalyst. FJ Labs (the holding company of Fabrice Grinda and Jose Marin), Metamorphic Ventures, Crosslink Capital, Founder Collective and Big Sur Ventures-Necotium.

Rebagg purchases pre-owned designer handbags from individual owners, who submit pictures to Rebagg in exchange for a guaranteed price quote. Once the quote is accepted by the owner, the product is either picked up via free courier in New York City, or is shipped for free within the United States.

[Image courtesy: Rebagg]

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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.