tech:

taffy

Entelo closes $20 million Series C financing round

Entelo, a company that provides recruiting solutions, has closed a $20 million Series C financing round. The investment was led by U.S. Venture Partners with participation from existing investors Battery Ventures and Shasta Ventures. Correlation Ventures also participated in the round.

Entelo’s solution currently serves more than 600 companies including Capital One, Cisco, Facebook, GE, Genentech, Netflix, Northrop Grumman, and Target, according to a statement from the company. Entelo says it will use the new funds to continue its investment in artificial intelligence and to accelerate hiring.

In another development, Entelo announced newly forged relationships with world-class data providers, including Equifax, FullContact and InsideView.

[Image courtesy: Entelo]

Just in

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.