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Verizon Invests In Search Company Q-Sensei
Search technology company Q-Sensei has secured new investment funding led by Verizon Ventures, a strategic venture capital subsidiary of Verizon Communications. The new investments include...
CloudBees Raises $11M
Enterprise Platform as a Service (PaaS) provider CloudBees has closed an $11.2 million Series C financing round. The investment was led by Verizon Ventures, the investment arm of Verizon. Existing investors Matrix Partners and Lightspeed Venture Partners, as well as new investor Blue Cloud Ventures, also participated.
Nami raises 10.5M (Singapore)
Singapore-based Artificial Intelligence of Things (AIoT) startup Nami has raised $10.5 million in a Series A funding round.
SparkCognition raises $32.5M
Austin-based machine learning startup SparkCognition has closed a $32.5 million Series B funding round. The investment was led by Verizon Ventures with participation from...
Verdigris raises $6.7M
Artificial intelligence company Verdigris has raised $6.7 million, in a Series A extension round. The investment was led by Jabil, with Verizon Ventures also participating. Other investors...
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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.