Spare5 Raises $3.25M


Spare5 has raised a $3.25 million seed financing round from New Enterprise Associates, the Foundry Group, and Madrona Venture Group, along with angel investors. Spare5 is the first company to spin out of Madrona Venture Labs, a startup studio housed at Madrona that prototypes, builds and launches new software applications and services. As part of the funding, Madrona managing director Greg Gottesman and Foundry’s Brad Feld will join the Spare5 board.

Spare5 is a mobile application and an on-demand insights platform that pays people to provide expert insights in their spare time.  The company says it is initially focused on helping e-commerce companies increase sales through expert image tagging and data clean up. The company sends paid projects to people on their smartphones based on their experience, hobbies and the quality of their responses.

[Image courtesy: Spare5]

Just in

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.