TechTaffy

tech:

taffy

Stack Overflow’s Parent Company Raises $40M

By TechTaffy Desk

StackExchange

Stack Exchange, the parent organization behind Stack Overflow, a question and answer site curated by professional programmers, has raised $40 million in a Series D round of funding. The investment was led by Andreessen Horowitz. Existing investors in the company including Bezos Expeditions, Index Ventures, Spark Capital, and Union Square Ventures also participated. The latest investment brings total funding in Stack Exchange to $70 million to date.

Stack Exchange says it plans to use the funding on Stack Overflow, as also its jobs site Stack Overflow Careers.

[Image courtesy: Stack Exchange]

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.