TechTaffy

tech:

taffy

SGX Goes With HP Converged Infrastructure Technology

By TechTaffy Desk

HP  announced that Singapore Exchange (SGX) has selected HP Converged Infrastructure technology to enhance trade execution and expand capacity. SGX will invest $210 million in an organic growth strategy that includes an advanced trading system. The upgraded SGX Reach trading system incorporates HP ProLiant BL 460c G7 server blades and c7000 BladeSystem, NASDAQ OMX trading software, and Mellanox Technologies 40Gb/s InfiniBand adapters and switches. It offers ten times the capacity of the previous system and enables SGX to cut order-entry latency to less than 90 microseconds.

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

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. 
Fundings

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.
Around the web

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. 
IT

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.