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Data integration software Fivetran acquires data replication technology HVR. Customers of Fivetran now have access to a broader set of high-performance data replication solutions, including HVR’s change data capture connectors. Fivetran also raised a funding round of $565M. Business Canvas, the company document management SaaS behind Typed, has ann…
 
Bigeye raised $45M in Series B to scale its data observability platform, continue building its product, trust and save expensive engineering hours by assisting data teams in preventing customer-centric outages. Ocrolus raises $80M in Series C at $500M valuation. It said it would use the proceeds from the funding to aggressively build products for t…
 
Content automation company Turtl raised $17M in Series A funding from Octopus Ventures to expand its team and double its headcount. This Series A funding is Turtl's first institutional raise and stated that with this, the startup would double its headcount using the proceeds from the fund. Osano raises $11M in funding from Jump Capital to support i…
 
Wipro has launched Wipro-Google Cloud Innovation Arena with a partnership with Google Cloud. This collaboration will aid in in-residence technical information, assist in seamlessly adapting to the cloud, and enhance innovation. F5, a cloud edge security software, has acquired the cloud security monitoring software Threat Stack for $68M. F5’s applic…
 
RateGain Technologies, a company offering solutions for the hospitality and travel industry, recently launched Demand.AI, a SaaS solution leveraging AI to help businesses track hyper-local city demand Explorium launches Explorium Starters to help businesses start analytics programs from scratch, enable small and medium-sized businesses, looking to …
 
Kolide, a user-centric endpoint security system, has raised $17M in a Series B round to help with its go-to-market strategy and hiring more engineers and developers. Kolide presently manages 250 customers, thousands of users, and 23,000 devices with an eight-person staff. eShipz raised $700K in funding led by Indian Angel Network. The company provi…
 
Mirantis launches Mirantis Flow to integrate numerous open-source technologies flexibly and package them as subscription services. It can also utilize existing computing hardware and includes Mirantis Container Cloud for providing deployment and lifecycle management of Kubernetes clusters across different infrastructure platforms. Ketch, a data con…
 
Limelight Networks Inc., a provider of content delivery services, has completed its acquisition of Layer0. The acquisition will help clients use the edge platform to sample content and install apps without compromising security. Data Center Inc. (DCI), a developer of core bank processing software, has announced a partnership with DataVisor, an AI-p…
 
strongDM, an infrastructure access platform, revealed a US$54 million increase in Series B fundraising round led by Tiger Global. Authentication, permission, networking, and observability are included in the strongDM platform itself. The Netherlands-based startup Sendcloud stated that the Series C fundraising round of the Softbank Vision Fund 2 had…
 
Trustmary, a testimonial marketing platform, has raised $2.2 million in funding to support the company’s marketing and development teams, as well as market entry initiatives. Trustmary began as a global video testimonial service in 2016, but by 2020, it had evolved into a SaaS startup. STORD a cloud supply chain services provider, has announced tha…
 
R3 Score has entered a partnership with Baltimore Development Corporation (BDC), enabling the BDC to extend its commitment to Baltimore’s lending ecosystem using R3 Holdings’ SaaS technology. ALLO Communications has announced the launch of a 10 Gigabit fiber-to-the-premises project valued at $50M in Lake Havasu City, Arizona. After finalizing the r…
 
Freshworks, a SaaS customer interaction solutions provider, is planning an initial public offering (IPO) in the United States that could raise $912 million. Freshworks claims to have over 52,000 customers and generated $308 million in revenue last year, a 40% increase despite a $10 million net loss. BitSight will acquire VisibleRisk, a Moody’s and …
 
Fin, a work insights platform, has announced a $20M Series A funding round led by Coatue to accelerate its expansion into new countries by investing in sales, marketing, and R&D. Fin employs technology to evaluate critical staff workflows and find more efficient ways for operations teams to work. Freight Tiger, a SaaS-based digital freight network …
 
Accruit launches the SaaS version of its Exchange Manager Pro(SM) software to simplify and centralize the administrative functions and challenges of processing 1031 exchanges. Amagi Media Labs, a cloud-based SaaS technology startup specializing in broadcast and connected TV, has raised more than $100 million in funding. With distribution in 40 coun…
 
Novi Connect, a B2B marketplace that helps firms create and manufacture transparent products, has raised $10.3 million in funding. Novi is a data-rich marketplace for transparent sourcing and purchase of ingredients, fragrances, and packaging. Delaget has teamed up with Payactiv, a financial wellness software company. Payactiv and other Delaget par…
 
SingleStore raises $80M in Series F to innovate and expand its footprint and team to offer customers more resources and a better choice. The company revealed a 150 percent increase in cloud revenue and a 300 percent growth in customer acquisitions for its cloud service. Zeotap, a SaaS customer intelligence platform, announced a second extension of …
 
Hi there, and welcome to the SaaS news round up by SaaS Industry. My name is Thomas, and I'll be sharing with you the latest from the SaaS world. Microsoft announced that it acquired Clipchamp, an in-browser video creation startup founded in Brisbane, Australia. While the terms of the deal weren’t disclosed, Chris Pratley, CVP of Microsoft’s office…
 
Kissflow Inc., a work management SaaS business, is the first to move into Chennai’s World Trade Centre (WTC). Kissflow’s 350 employees who have accepted the company’s industry-first Remote+ hybrid work style will be housed at WTC Chennai. IHL Group, a retail and hotel research and advising organization, has partnered with Content Catalyst, a techno…
 
Spotshare, a new parking solution from ParkOffice, a parking software for smart offices. On a supply-demand basis, Spotshare analyses the needs of other tenants and allows businesses to swap parking spaces. Simba Chain raised $25M in Series A from Valley Capital Partners. The company provides a cloud enterprise platform to help universities, indust…
 
Platform9 recently joined Intel’s Open Retail Initiative and launched a new software-defined store solution to help retailers accelerate the rollout of store applications, simplify store IT infrastructure and application management. Clootrack, a customer experience company, just raised $4M in a Series A investment led by Inventus Capital India. Clo…
 
Botify raised $55M in Series C to fuel its product innovation in organic search automation, grow its global presence specifically in APAC and other regions, and support its partner ecosystem development. CareAR, a Xerox company, raised $10M from ServiceNow at a post-money valuation of $700M. Xerox, with the acquisition of CareAR, announced that Car…
 
Skit raised $23M in Series B funding from WestBridge Capital and others to expand in markets like the US and enhance its voice technology. The company provides a suite of speech and language solutions that enable enterprises to automate their call center operations. Constant Contact completed the acquisition of SharpSpring, initially announced in J…
 
Revenue Grid, an AI-based Guided Selling platform for sales teams, raised $20 million in a Series A funding round led by W3 Capital to transform the B2B sales process through AI-based revenue insights and its Guided Selling strategies. Code Climate raised $50M in a Series C funding round led by PSG to further its vision of helping engineers align i…
 
Databricks has raised $1.6B at a valuation of $38B from Counterpoint Global and others. The company aspires to build on its lead by investing in innovations that simplify AI and establish lakehouse as a modern replacement for traditional data warehousing. Walnut, a company helping sales teams manage their demo experience and reinvent sales experien…
 
HackerU, a cybersecurity technology solutions, services, and knowledge transfer company, has acquired Cybint. The combined entity’s global reach will expand following the purchase, and it will be known as ThriveDX, which stands for digital transformation. Dataiku, a platform for everyday AI, raised $300M in a Series E round led by Tiger Global, val…
 
Rapyd, a Fintech-as-a-Service company, has closed a $300M Series E round led by Target Global. Rapyd intends to use the funds to undertake a number of strategic acquisitions to assist growth in important sectors. Rapyd is currently valued at $8.75B, according to reports. Advanced Technology Ventures (ATV), a VC firm based in Silicon Valley that was…
 
Nektar.ai, a B2B productivity startup, has raised an additional $6 million seed funding round led by B Capital Group, 3One4 Capital, and Nexus Venture Partners. Several well-known Go To Market players in the US-Asia cross-border SaaS ecosystem took part in the round. McAfee Enterprise has announced the launch of MVISION Private Access, an integrate…
 
Cloud identity solutions provider Saviynt has announced that its risk analytics, identity governance and other technologies would now be available as a managed service via Deloitte’s Identity+ Platform as it expands its strategic partnership with the latter to offer cloud identity solutions to enterprises. Square, a payments software firm, has boug…
 
Odoo, an open-source all-in-one business software, has announced that it has raised $ 215 million from Summit Partners, a growth equity investor. Odoo is one of the most popular company management software systems globally, with over 7 million users. MoEngage, a provider of AI-leveraged and cloud-based customer engagement platform, has recently ann…
 
vEstonia’s Outvio, a provider of white-label SaaS fulfillment solutions to online shops, has raised $3 million in an early-stage funding round led by Change Ventures, ending its bootstrap spree since its inception in 2018, a TechCrunch report said. GoCoach, a B2B SaaS talent development platform, has received $120,000 in investment from Panoramic V…
 
Google Cloud has strengthened its relations with SAP by becoming a strategic cloud partner for SAP’s RISE with SAP program. The two businesses will work under the terms of the new agreement to help clients with cloud migrations and business process transformations. AppOmni, a SaaS security management provider, has extended the breadth of the SaaS p…
 
Algolia attains the unicorn tag, raising $150M in Series D from Lone Pine Capital. The round quadrupled its valuation achieved during its Series C in 2019, taking it to $2.25B. The company plans to address the increased demand for its search and recommendation products, continue its product expansion using the fund. Limelight Networks has announced…
 
Loopin, a SaaS company, has acquired $820K from Venture Highway in a seed round. The additional cash received in this round will be used to grow the staff and develop the platform. Loopin is a calendar-based productivity application designed for professionals. Gumlet, a SaaS company that automates the publishing process for media, has raised $1.6M …
 
Nium, a global B2B payments network, has raised more than $200M in a Series A round, at a valuation of more than $1B, making it a unicorn. The money will be used to expand the company’s payments network infrastructure, develop new products, and recruit top industry personnel. Tekmetric has established a partnership with AutoVitals, a shop managemen…
 
Magic, a decentralized identity authentication platform, raised $27 million in a Series A round. Magic’s aims to build the infrastructure needed to replace password-based Authentication with decentralized identity management. Magic employs a decentralized approach based on key-based encryption. Oktopost, a B2B social management platform, received a…
 
AxiomSL and Calypso Technology have merged, announces Thoma Bravo. Didier Bouillard, the current CEO of Calypso, will lead the new firm. Calypso and AxiomSL will form one of the most comprehensive cloud-based solution providers in the financial industry when they join forces. Hyreo, a provider of candidate relationship management tool, has raised a…
 
Paystand has raised $50M in Series C funding to redefine B2B payments. The company leverages cloud and blockchain technology to provide payments-as-a-service and looks to accelerate its shift towards business-centric payments infrastructure using the proceeds from the funding. Blueprint Equity and ScOp Venture Capital led an $8 million Series A inv…
 
YOOBIC has raised $50M in Series C funding from Highland Capital to continue its growth, increase its headcount to 350 by 2020 by hiring across technology, sales and engineering, and enhance its R7D efforts to cement its position as a leader in the market. Interos, a supply chain risk management SaaS provider, has turned unicorn raising $100M in Se…
 
Yapily, an open-banking infrastructure provider, raised $51 million in a Series B investment to assist the company in expanding its commercial footprint across Europe. By focusing on approved APIs, Yapily can deliver a quicker and more reliable experience. Vitally has announced the raise of $9M in Series A funding from Andreessen Horowitz to contin…
 
Soldo raised $180M in an oversubscribed Series C round led by Temasek. Soldo is a platform that allows employers to give their workers prepaid business cards that are linked to an automatic expense management system. Vector Solutions has purchased the higher education sector of EVERFI for $100 million. Vector currently has 2,200 higher education cl…
 
Limeade, an employee engagement software provider, has announced the acquisition of Seattle-based TINYpulse, a SaaS employee listening provider, to create healthy employee experiences. Under the terms of the deal, likely to close by the end of July 2021, Limeade would merge with TINYpulse in an all-cash deal of $8.8 million for 100 percent of the i…
 
Zoom enters definitive agreement to acquire Five9 in an all-stock deal, approximately worth $14.7 billion. It would integrate the latter’s contact center-as-a-service solutions, into its communications platform to build better customer engagement in the future and accelerate long-term growth aspirations. AllCloud acquires Integress for an undisclos…
 
Teikametrics, a Sas platform for Amazon and Walmart sellers, has raised $ 40 million in Series B funding from Intel Capital, to drive the expansion of its AI-powered Sas platform, to support its mission of bringing, cutting-edge decision-making capabilities, to every online seller in the world. Shopmonkey has raised $75 million in a Series C invest…
 
Workiva recently became the first SaaS company to gain entry to the UN Global Compact CFO Taskforce, as a part of which its CFO Jill Klindt, joined the task force. Workiva now aims to help companies in aligning their sustainability goals and commitments with credible corporate finance strategies. NirogGyan, a SaaS company focusing on the healthcare…
 
ServiceMax, a field service management software provider, has signed a definitive agreement to acquire LiquidFrameworks from a private equity investor Luminate Capital Partners. The financial terms of the transaction remain undisclosed. Luminate Capital Partners had acquired LiquidFrameworks in 2019. In a press release, ServiceMax announced that th…
 
Invite-only social audio app, Clubhouse, has launched its direct messaging feature- Backchannel- for all users, which allows them to slide into a one-on-one chat mode or a group text format. Microsoft has unveiled Windows 365 that takes the OS to the cloud to offer a personalized PC experience for users and organizations, a new approach to cloud co…
 
SimplyDelivery secured €10 million in a Series A funding round led by Cusp Capital (about USD 11.8 million). SimplyDelivery software reintroduces restaurateurs to direct contact with customers, and it identifies repeat clients. In the previous three years, SimplyDelivery’s annual revenues have tripled while remaining profitable. Logical Clocks secu…
 
Elevate Brands, a company that acquires and operates Amazon third-party business, has announced an additional fundraise of $250 million. The majority of the fund came from its existing investors and a global group of technology, fintech and e-commerce business leaders, the company said in a press release. Vaayu, an automated platform to help retail…
 
Dovetail studios, a full-service venture capital business, has raised AUD 10 million (USD 7.5 million) for a new fund. One of Dovetail’s goals is to train entrepreneurs to approach other VCs for funding. Dovetail is a full-service venture studio based in Sydney and Auckland that works with entrepreneurs who have a great idea but lack technical know…
 
Wobot.ai has announced the launch of a SaaS-based version of its product with a range of features to revolutionize how one perceives cameras and the information derived from them. Having announced its entry into the US market, the company would also look to solidify its position as a one-stop video analytics platform there.…
 
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