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Inflection AI raises $1.3B
Inflection AI has raised $1.3 billion from Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and new investor Nvidia.
SpotOn raises $300M
SpotOn, a software and payment company with solutions for restaurant and retail businesses, has raised $300 million in Series F funding.
Roblox raises $520M
Roblox, a global online platform that lets people play together, has raised $520 million in new Series H funding.
This fintech is now more valuable than Robinhood — Fortune
Chime locked in its new valuation via a Series F funding round to the tune of $485 million from investors including Coatue, ICONIQ, Tiger...
UiPath raises $225M
Robotic process automation (RPA) company UiPath has closed a Series E investment round, raising $225 million.
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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.Â
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.Â
Industry
Intel appoints Kevin O’Buckley as SVP and GM of Foundry Services
Intel announced the appointment of Kevin O'Buckley as senior vice president and general manager of Foundry Services, the customer service and ecosystem operations division of Intel Foundry.
Industry
Squarespace to be acquired by Permira for $6.9B
Squarespace will be acquired by global private equity firm Permira in an all-cash transaction valued at approximately $6.9 billion.