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Billtrust Raises $25M From Bain Capital

Billtrust has closed a $25 million funding round from Bain Capital Ventures. Billtrust says it will use the capital to acquire companies. As part of...

Dynamics Raises $70M

Dynamics has closed a $70 million Series C round of financing. New investors MasterCard and CIBC were joined by existing backers Bain Capital Ventures and Adams Capital Management. Dynamics, founded in 2007 by Jeff Mullen, designs and manufactures intelligent battery-powered payment devices and advanced payment platforms.

Homebase raises $60M

San Francisco, Calif.-based Homebase, an HR and team management app, has raised $60 million in a Series D funding round.

Rubber Ducky Labs raises $1.5M

San Francisco, Calif.-based Rubber Ducky Labs, a company that builds operational analytics for recommender systems, has raised $1.5 million in seed investment.

Elastio raises $18M

Reston, VA-based Elastio, a company providing backups and recovery as a service, has raised $18 million in a Series A round. 

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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.

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.

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.

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. 

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.