TechTaffy

tech:

taffy

Edmodo Secures $25 Million Series C Funding Round

By TechTaffy Desk

[Techtaffy Newsdesk]

Edmodo, a free K-12 social learning network based in San Mateo, California, has closed a $25 million Series C funding round led by new investor New Enterprise Associates (NEA). Existing investors Greylock Partners, Benchmark Capital, Union Square Ventures, and Learn Capital, also participated in the funding round. NEA general partner Tony Florence is also joining  Edmodo’s board.  With this financing, Edmodo has raised $47.5 million to date.

Edmodo launched in the 2008-09 school year.  The network topped 8 million registered users in summer 2012. At the close of the 2011-2012 school year, 85 of the largest 100 school districts in the United States had implemented Edmodo subdomains, says the company.

Edmodo enables teacher-to-teacher resource sharing, global professional development and networking opportunities, and is accessible from any Internet-enabled device. Schools and districts can establish unique Edmodo URLs and access additional management and analytic tools. Edmodo is free for teachers and students.

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.