TechTaffy

tech:

taffy

Etegent Technologies Awarded Air Force Phase II SBIR Grant

By TechTaffy Desk

US_Air_Force

Etegent Technologies, a Cincinnati and Dayton based research and development company, has been awarded a $750,000 Phase II SBIR contract from the U.S. Air Force to implement and assess new cognitive approaches to military data overload challenges.

The work will benefit National Air & Space Intelligence Center, Department of Defense, National Geospatial-Intelligence Agency and other intelligence production organizations, as well as civilian “big-data” applications.

Objectives of Phase II contracts are to continue the R&D efforts initiated in Phase I with funding based on the results achieve in the initial Phase and the scientific and technical merit and commercial potential of the projects proposed in Phase II. The Phase I grant was completed in September 2012, and the Phase II grant was awarded in January 2013 with an anticipated completion date of April 2015.

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.