tech:

taffy

L3 appoints former Apple VP Rita Lane to its board

L3 Technologies has appointed Rita Lane to its board. Ms. Lane, 55, is an accomplished engineer with more than two decades of experience in the technology sector.

From July 2008 to January 2014, she served as vice president of Operations at Apple. Prior to that, she was senior vice president, Integrated Supply Chain, and before that, she was chief procurement officer at Motorola.

Ms. Lane started her career as an engineer with IBM, where she enjoyed a 14-year tenure within the company’s Systems & Personal Computer division and rose to vice president, Integrated Supply Chain. Earlier in her career, she served five years in the U.S. Air Force working in space launch.

A distinguished graduate of the U.S. Air Force Academy with a Bachelor of Science degree in Electrical Engineering, Ms. Lane earned a Master of Science degree in Electrical Engineering from Purdue University and a Master of Business Administration from the University of California, Berkeley.

Ms. Lane is a current member of the board at Philips Lighting and Sanmina.

[Image courtesy: L3]

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.