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PeopleLinx Raises $3.2M

PeopleLinx has raised $3.2 million in Series A funding led by Osage Venture Partners, Greycroft Partners and MissionOG. Several angel investors also participated in the round. 

In conjunction with this financing, Dave Hanna from Hanna Ventures and Nate Lentz of Osage Venture Partners will join PeopleLinx’s board of directors.

Nate Lentz (Managing partner, Osage Venture Partners): There is a very large and unaddressed market for third-party LinkedIn Social Business solutions like PeopleLinx, especially among organizations that already have hundreds or thousands of employees active on LinkedIn.

Founded in 2009 as a social business consulting company by former LinkedIn employees Nathan Egan and Patrick Baynes , PeopleLinx re-launched in early 2012 as a scalable software-as-a-service (SaaS) platform designed to help corporations and their employees use LinkedIn.

Since their initial product launch in early 2012, PeopleLinx has seen adoption by companies like Experian, FMC and Prudential.

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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.