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Yelp Opens New Office In New York City

Mayor Michael Bloomberg joined online review company Yelp to announce the opening of their new office in New York City. The new Yelp East Coast headquarters, located at 104 Fifth Avenue between 15th and 16th Streets, is already home to over 65 full-time employees – 20 of whom joined Yelp just this past month – and includes local and brand sales executives and a marketing team.

Jeremy Stoppelman ( Co-Founder and CEO, Yelp): New York City is the very embodiment of opportunity.

In May this year, the Mayor and the NYS’s chief digital officer Rachel Sterne unveiled the City’s digital roadmap, a compressive strategy that laid the ground work for tech companies to come to the City, hire New Yorkers and thrive. The report, created in collaboration with numerous City agencies, stakeholders in both the public and private sector and citizens from all five boroughs, unveiled partnerships with a range of social media companies including Facebook, Twitter, Foursquare and Tumblr.

Last year, the City passed Boston in the volume of venture capital investment, and high-tech jobs have grown by 30 per cent in the past five years.

You may also want to read: Stanford University Seeks To Open NYC Campus

 

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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.