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FreedomPop Raises $4.3 Million Series A1 Round

FreedomPop has raised an additional $4.3 million in funding in a Series A1 from existing investors, DCM and Mangrove Capital, bringing total funding to $11.2 million.

Founded in 2011, FreedomPop is a telecom company backed by DCM, Mangrove Capital, and Skype founder Niklas Zennstom’s Atomico.  FreedomPop launched its free broadband service on Clearwire’s 4G network earlier this year and is scheduled to go live with Sprint in 2013.

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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. 

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.