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Yelp Opens New Office In New York City

Mayor Michael Bloomberg joined online review company Yelp to announce the opening of their new office in New York City. The new Yelp East Coast headquarters, located at 104 Fifth Avenue between 15th and 16th Streets, is already home to over 65 full-time employees – 20 of whom joined Yelp just this past month – and includes local and brand sales executives and a marketing team.

Jeremy Stoppelman ( Co-Founder and CEO, Yelp): New York City is the very embodiment of opportunity.

In May this year, the Mayor and the NYS’s chief digital officer Rachel Sterne unveiled the City’s digital roadmap, a compressive strategy that laid the ground work for tech companies to come to the City, hire New Yorkers and thrive. The report, created in collaboration with numerous City agencies, stakeholders in both the public and private sector and citizens from all five boroughs, unveiled partnerships with a range of social media companies including Facebook, Twitter, Foursquare and Tumblr.

Last year, the City passed Boston in the volume of venture capital investment, and high-tech jobs have grown by 30 per cent in the past five years.

You may also want to read: Stanford University Seeks To Open NYC Campus

 

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.