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Facebook-Funded Kontagent Closes $12 Million Financing

Kontagent has closed $12 million in Series B financing. The investment was led by Battery Ventures, with continued participation from Maverick Capital and Altos Ventures. Roger Lee, General Partner at Battery Ventures, will join Kontagent’s board of directors. Kontagent will use the capital for R&D and will also invest in building additional products and features.

Kontagent is the an enterprise user analytics platform for application developers, marketers and product managers across the social and mobile Web. The company says it tracks over 1,000 social applications, 150+ million monthly active users, and in excess of 15,000 messages every second. Kontagent is funded by ALTOS Ventures and Maverick Capital, with additional funding from Facebook and other angel investors.

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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.