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Proxima raises $12M
Proxima, a data intelligence software company founded by Alex Song, a former Goldman Sachs employee, has announced the closing of a $12 million Series A funding round.
Digital Reasoning Raises $40M Series D Funding
Cognitive computing company Digital Reasoning has raised $40 million in Series D funding. The funding was led by Lemhi Ventures and Nasdaq, joined by existing investors Goldman Sachs and HCA. Tony Miller, managing partner at Lemhi Ventures, will join Digital Reasoning’s board as a director, and Adena Friedman, president and COO at Nasdaq, as observer.
Nimble Storage Reveals IPO Pricing
Nimble Storage announced the pricing of its initial public offering of 8 million shares of its common stock at $21.00 per share, for a total take of $168 million. Goldman Sachs and Morgan Stanley are acting as lead joint bookrunners for the offering.
Squarespace to be acquired by Permira for $6.9B
Squarespace will be acquired by global private equity firm Permira in an all-cash transaction valued at approximately $6.9 billion.
Apple expands Restore Fund with $80M new investments from TSMC, Murata
Apple has announced that Taiwan Semiconductor Manufacturing Company (TSMC) and Murata Manufacturing are joining as new investors in the Restore Fund, a project aimed at investing in carbon removal and ecosystem protection globally.
Recent posts
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.