TechTaffy

tech:

taffy

Jeff Bezos Invests In Quantum Computing Company

By TechTaffy Desk

[Techtaffy Newsdesk]

D-Wave Systems,  a Canada-based quantum computing company founded in 1999,  has closed a $30 million round of equity funding. Bezos Expeditions and In-Q-Tel (IQT) have joined the investment round.

Bezos Expeditions is the personal investment company of Jeff Bezos. IQT is a strategic investment firm that delivers  technology solutions in support of the U.S. Intelligence Community.

Vern Brownell  (CEO,  D-Wave): Jeff Bezos and In-Q-Tel are well-known visionaries. Both understand the implications of quantum computing as a world changing force.

Bezos Expeditions and IQT join current D-Wave investors, including Business Development Bank of Canada, Draper Fisher Jurvetson, Goldman Sachs, Growthworks, Harris & Harris Group, International Investment and Underwriting, and Kensington Partners.

D-Wave says it will use the new funding to augment its commercial operations.

[Image Courtesy: D-Wave Systems]

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.