TechTaffy

tech:

taffy

4iQ raises $18 million

By TechTaffy Desk

Identity intelligence company 4iQ has closed $18 million in a Series B funding round. The investment was led by C5 Capital, and with participation by ForgePoint Capital, Adara Ventures, and Benhamou Global Ventures. The investment will be used to accelerate product innovation and customer acquisition, the company said in a statement.

André Pienaar, managing partner of C5 Capital, and Anik Bose, General Partner of BGV, will join the 4iQ board.

4iQ collects exposed identity information found in open sources on the surface, social, deep, and dark web, continuosly, says the company. More than 14 billion records found to date are curated into its collection of compromised identities – the 4iQ IDLake – in order to protect consumers from identity theft and investigate fraud, financial crimes and other threats, according to the company website.

[Image courtesy: 4iQ]

Just in

Series E

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.
Series A

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.
Industry

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.
Around the web

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 
AI

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.