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The SaaS News Roundup

Tune in to the top SaaS news in a flash. Get the most important stories you need to know from The SaaS Industry daily. Whether it’s the latest on the economy, news from the SaaS landscape, or funding alerts, stay in the know during your weekday commute.

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Go1, Kdan Mobile, Dover, Treblle raise funds | Limeade acquired TINYpulse | Productiv is collaborating with Miro

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 issued capital of TINYpulse. In a press release, Henry Albrecht, founder and CEO of Limeade, stated that the Covid 19 pandemic had reinforced the company’s vision of creating healthy employee experiences, generating better business results for customers.Go1, a platform helping companies upscale their workforce via on-demand training, has turned unicorn, raising $200 million in Series D at a valuation of $1B in a round co-led by SoftBank Vision Fund 2, AirTree Ventures and Salesforce Ventures. Go1’s Series C funding round came last year where it netted $40 million from Madrona Venture Group. The total funding raised by Go1 crosses $283 million as per Crunchbase. Other and existing investors - Blue Cloud Ventures, Larsen Ventures, Scott Shleifer and John Curtius from Tiger Global, TEN13, Microsoft’s venture fund M12, Madrona Venture Group, SEEK, and Y Combinator participated in the funding round.Kdan Mobile, a Taiwanese startup, has raised $16 million in a Series B funding round led by Dattoz Partners. Yeon Su Kim, CEO of Dattoz Partners, will be joining Kdan's board. Other participants in the round include Taiwania Capital, Golden Asia Fund Mitsubishi UFJ Capital, and WI Harper Group. Kdan Mobile specializes in cloud-based applications for workplace mobility. Kdan Mobile's enterprise products, such as Document AI, its data processing and filtering technology, and SaaS products like e-signature service DottedSign, PDF software Document 365, and Creativity 365 for multimedia content creation, including animations and video editing, will receive part of the funding.Productiv, an enterprise SaaS management platform, has announced it is collaborating with Miro, an online whiteboard tool. This collaboration will enhance how people communicate inside the organization and maximize the usefulness of communication apps like Miro.The partnership will provide corporate teams more visibility into how they're using Miro for new collaborative practices, such as real-time feature utilization.Dover, a recruiting platform, has raised $20 million in a Series A funding round led by Tiger Global Management. Other participants include Founders Fund, Abstract Ventures, and Y Combinator. Dover, which has created a "recruitment orchestration platform" geared at recruiters, lets them juggle and combine numerous applicant pools to automatically locate appropriate job prospects and then manage the outreach process, according to CEO and co-founder Max Kolysh.Treblle, a real-time Application Program Interface (API) monitoring and analytics platform provider, has raised €1.2M ($1.4 million) in seed funding from Pan-European Venture Capital firm, Nauta Capital that predominantly invests in early-stage tech companies.


20 Jul 2021

Rank #1

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Kamereo and Captain Fresh raises funds | Zoom to acquire Five9 | AllCloud acquires Integress | Publicis Groupe acquired CitrusAd | Razorpay has acquired TERA Finlabs

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 undisclosed amount to help companies in their cloud transit journey.  With Integress accelerators that can expand, into AWS and Salesforce with data and analytics offerings, organizations would be able to accelerate their cloud journey. Publicis Groupe has announced its acquisition of CitrusAd, a Sas retail media platform for optimizing brands’ marketing performances, for anundisclosed amount. The acquisition would help it in three major areas of growth, customer understanding and consolidated measurement. Kamereo, a purchasing platform and Tech-veggie supply for restaurants in Vietnam, has raised $4.6 million co-led by CPF Group, QuestVentures, and Genesia Ventures. The funds will be used to hire additional employees, create a new warehouse management system, update the user interface, and expand into Hanoi next year. Razorpay, a fintech startup, has acquired TERA Finlabs, a Bengaluru-based sas startup, in an undisclosed deal. TERA Finlabs enables embedded finance solutions for organizations by providing technology, risk, and capital solutions. TERA Finlabs is a subsidiary of GAIN Credit, a digital lender located in the United Kingdom. Accel Partners and Matrix Partners India led a $12 Million Series A financing round for Captain Fresh. The fresh funds will be used to continue investing more heavily in supply-side technologies, increase distribution globally, and invest in the company’s employees.


19 Jul 2021

Rank #2

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Teikametrics and Shopmonkey raises funds

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 investment led by Bessemer Venture Partners and Index Ventures. The funds will continue to expand and grow, while also delivering top-notch service, to the auto repair industry with additional finances.


18 Jul 2021

Rank #3

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NirogGyan, Slang Labs raise funds | Workiva recently became the first SaaS company to gain entry to the UN Global Compact CFO Taskforce | NRG Systems, a developer and manufacturer of decision support tools, has announced the launch of NRG Cloud | ServiceMax announced its entry into a business combination agreement with Pathfinder Acquisition Corporation

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 industry, has raised an undisclosed amount in a seed funding round led by industry veterans. Participants in the round include Arindam Haldar, Teji HS, Sumit Bagaria, and others like BITS Pilani’s startup incubator PIEDS (Pilani Innovation & Entrepreneurship Development Society). Google Assistant Investments Program and 100x Entrepreneurs have invested an unknown sum in Slang Labs. Slang Labs, which was formed in 2017, claims to be one of the first Google-funded companies in the global In-App Voice Assistant market. NRG Systems, a developer and manufacturer of decision support tools, has announced the launch of NRG Cloud. To make data retrieval and storage operations easier, NRG Cloud offers a suite of data management services. NRG Systems has made the NRG Cloud Standard Connect Package accessible for free. ServiceMax, a field service management SaaS provider, has recently announced its entry into a business combination agreement with Pathfinder Acquisition Corporation, a publicly-traded Special Purpose Acquisition Company (SPAC). The close of this transaction would list ServiceMax on Nasdaq as a public company.


17 Jul 2021

Rank #4

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ServiceMax to acquire LiquidFrameworks | Netradyne, LearnWorlds, Daloopa, Lightyear, Easy Eat, SecurEnds, Tinvio, Digantara and MedPay raise funds | Amazon Web Services has announced the general availability of Amazon Health Lake | Google Cloud India has announced the launch of its new cloud region in Delhi-NCR | Lantronix has announced the introduction of True Zero-Touch Automation updates

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 the deal would expand its field service management solutions, to address unique challenges in the energy sector. Additionally, the acquisition would better position ServiceMax to meet digital service execution demand in the industry and facilitate its expansion of portfolio and go-to-market strategies.Netradyne, a startup using AI to build fleet safety solutions, has announced its Series C fundraise of $150 million from SoftBank Vision Fund 2.  with participation from existing investors Point72 Ventures and M12.Amazon Web Services has announced the general availability of Amazon Health Lake, which is a cloud service that allows healthcare companies to centralize their medical data from various systems, and utilize it to improve patient care. According to AWS, utilizing HealthLake to consolidate different records into a single data repository makes information more accessible. This information includes medical information, such as clinician notes, lab reports, and insurance claims, stored in several databases.LearnWorlds, a platform for creating and selling online courses, has announced that it has raised $32 million in a minority investment led by Insight Partners, global venture capital and private equity firm.Google Cloud India has announced the launch of its new cloud region in Delhi-NCR. This would enable the firm to better their services to clients in various industries, particularly the public sector in India and the Asia-Pacific. The financial details have not been disclosed.Daloopa, a company providing AI-powered document automation and data extraction, has announced its $20 million Series A funding in a round led by Credit Suisse Asset Management’s NEXT Investors. Lightyear, a software provider for network infrastructure procurement and management, has announced its Series A fundraise of $13.1 million from Ridge Ventures to boost hiring and resources in development, enhance go-to-market strategies, the company said in a press release. Lightyear had raised its seed round funding in 2020, netting $3.7 million from Amplo. With the close of Series A, the total funding raised by the company crossed 17 million $, as per Crunchbase.  Singapore-based Easy Eat, a startup transforming restaurants into tech companies, has announced a raise of $5 million to expand into deeper Southeast Asia. The round involved participation from Aroa Ventures, family office of Ritesh Agarwal, founder and CEO of OYO; Reddy Futures Family Office; Prophetic Ventures; Maninder Gulati, global chief strategy officer of OYO; Cem Garih, managing Partner at Alarko Ventures, Fethi Sabancı Kamışlı, founder and managing partner of Esas Ventures and a few Silicon Valley-based VCs and angels, as per reports. SecurEnds, a cloud-based identity governance company, has announced a $21 million in Series A funding led by Elephant, one of the largest Series A investments in Atlanta’s cybersecurity and tech startup ecosystem, the company stated in a press release. Lantronix has announced the introduction of True Zero-Touch Automation updates for provisioning remotely deployed IoT devices. Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things and Remote Environment Management , including SaaS, connectivity, engineering, and intelligent hardware.Tinvio, a Singapore-based startup, has announced that it has raised $12 million in a Series A funding round led by AppWorks Ventures. The startup’s strategic investor MUFG Innovation Partners (MUIP), also participated in the round. Other participants include Tinvio’s existing investors, Sequoia Capital India’s Surge, Global Founders Capital, and Partech Ventures. Digantara, a spacetech startup, has raised $2.5 million as part of their seed funding round led by Kalaari Capital. Digantara plans to utilize the funds to expedite product development and launch its first satellite (technology demonstration mission) into low-Earth orbit, according to the official announcement.MedPay, an API platform, has raised $1.2 million in a seed funding round led by Talent Investor Entrepreneur First and GrowX Ventures. The funds will be used to meet rising demand and enhance the company’s current product offerings.


16 Jul 2021

Rank #5

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Simpplr, Unybrands,Cybereason, Flymachine,Untitled Ventures, Railsbank, Cardless, The Moot Group (TMG), Great Question, BHyve, Mobile.dev, Acelerate, Stytch, Multiplier and Proper raise funds | Clubhouse has launched its direct messaging feature | Microsoft has unveiled Windows 365 | Deskimo has launched in Singapore and Hong Kong | Bevy has acquired Eventtus

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 computing amid hybrid working.Simpplr has raised a $32M Series C from Tola Capital. Simpplr will use the new funds to develop its platform, expand its development team, and scale up to serve worldwide commercial clients.Crayhill Capital Management invests $300 million in Unybrands as growth capital. Unybrands is an eCommerce platform that helps Amazon fulfill and direct-to-consumer businesses scale.Deskimo, a Y Combinator’s S21 batch startup providing on-demand access to work desks in professional workspaces, has launched in Singapore and Hong Kong after its inception in February this year, reports state.Cybereason, an end-point detection and response platform has raised $275 million in a crossover Series F funding round led by Liberty Strategic Capital, with participation from Irving Investors, certain funds advised by Neuberger Berman Investment Advisers LLC and Softbank Vision Fund 2*, it said in a press release.Bevy, an enterprise-grade virtual conference and community events platform, has acquired Eventtus, an engagement platform managing events for an undisclosed amount to offer a comprehensive end-to-end management solution and a seamless experience for event attendees.Flymachine, an organizer of digital live events, has raised $21 million in a round co-led by  Greycroft Partners and SignalFire, with participation from Primary Venture Partners, Contour Venture Partners, Red Sea Ventures, and Silicon Valley Bank.Untitled Ventures has announced its second fund of USD 118.3 million. It will collaborate with InnMind to deliver high-quality deep tech startup deal-flow to the fund’s pipeline.Railsbank, a provider of APIs for fintech services, has raised $70 million in equity funding led by Anthos Capital. Other participants include Central Capital, Cohen and Company, and Chris Adelsbach’s new fund Outrun Ventures.Cardless, a platform developer for companies launching credit cards, has raised $40 million in a Series B funding round led by Activant Capital. Other participants include Accomplice, Pear VC, and the owners and management of NBA teams Phoenix Suns and Boston Celtics. The funding increases the company’s total raised since its debut in 2019 to $50 million.The Moot Group (TMG), an eCommerce technology startup, has raised €5 million (approx. USD 6.9 million) in a seed funding round led by Fuel Ventures. The new funds will be used for the company’s next growth stage. Great Question raises $2.5 million in a seed funding round. Great Question is an online platform that provides product managers, designers, researchers, and research operations with UX research services. Great Question was part of Y Combinator’s winter program of 2021.  BHyve, a future of work platform, has raised $300,000 in a JITO Angel Network, LetsVenture, and other angel investors. BHyve is a platform for disseminating tacit employee knowledge and allowing peer learning networks in the future of work.Mobile.dev, a startup providing pre-production workflows to help mobile teams automatically detect problems, has raised $3 million in seed round funding from Cowboy Ventures.Acelerate, a software company helping restaurants operate efficiently, has announced the raise of $14.4 million in Series A funding led by Sequoia Capital. Taking the announcement to its LinkedIn handle, the company expressed delight at the investment after a year of bootstrapping.Stytch has raised $30 million in Series A funding led by Thrive Capital with participation from Coatue and existing investors, Benchmark and Index, the company wrote in an official blog. Multiplier, a Professional Employment Organization (PEO) platform, raises a $4 million investment round. It provides complete solutions that enable businesses to hire individuals globally. Proper, a property accounting services provider for the real estate industry, has announced the raise of $9M in Series A from QED Investors, with participation from our partners at MetaProp, Expa, and Bling Capital. 


15 Jul 2021

Rank #6

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SimplyDelivery, Logical Clocks,Endgame, Quantexa, Sourcegraph, Eka Ventures, Pantheon, AttackIQ, Impact, Marco Financial, Arctic Wolf, Remote, Amperity, Bookee and Female Founders Fund raises funds | Fortive Corporation acquire ServiceChannel | Motorola Solutions to acquire Openpath Security solutions | Discord is set to acquire Sentropy | ZoomInfo is set to acquire conversational intelligence provider Chorus.ai

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 secured €5M (approx. USD 5.9M in a Series A round sponsored by Industrifonden. The money will go toward expanding the company’s commercial activities and footprint, particularly in the United States. Hopsworks, the world’s first enterprise and open-source Feature Store with a full machine learning platform, was established and is operated by Logical Works.Fortive Corporation, a technology provider for connected workflows, has signed a definitive agreement to acquire ServiceChannel, a leading SaaS-based multi-site facilities maintenance service provider. The deal, approximately worth $1.2 billion, would primarily be funded with available cash, Fortive said in a press release.In a series of seed and Series A investment rounds, Endgame has raised a total of $17 million. Endgame is up against in-house developers who are splicing together various apps to create a solution that works for them. Endgame is currently in the early phases of development and is pre-revenue, but it already has a group of beta clients.In a Series D financing led by Warburg Pincus, Quantexa raised $153 million. Quantexa plans to use the cash to enhance its product line and expedite its regional market growth plans. Quantexa works with blue-chip banks, insurers, and government agencies worldwide, including seven of the top ten banks in the United Kingdom and Australia.Sourcegraph has raised $125M in Series D from a16z and others. The total funding raised by the company crosses $225M with this round and it aims to make its search engine easier to set up and add more features to help developers with the funding.Eka Ventures, a UK-based venture capital firm, has completed its $95 million (£68 million) fund. Eka’s goal is to invest in consumer technology firms that promote sustainable consumption, consumer health, and the “inclusive economy.” Eka also has the backing of 24 entrepreneurs, 12 of whom were previously supported by Eka Ventures, either through a fund or directly.Pantheon, a SaaS platform for WebOps developers, marketers and designers, attains the unicorn tag, raising $100 million in Series E funding from SoftBank Vision Fund 2 at a valuation of over $1 billion. This round takes the company’s total funding raised to over $200 million.Motorola Solutions has announced its entry into a definitive acquisition agreement to acquire Openpath Security solutions, a mobile and cloud-based access control system provider for businesses. The financial details of the deal were undisclosed but Motorola expects the deal to close by the end of July 2021.San Diego-based AttackIQ, a security optimization platform and a Breach and Attack Simulation (BAS) system vendor, has raised $44 million in a Series C funding round led by Atlantic Bridge, taking its total funding raised to over $79 million.Impact, a global management platform, has raised $105 million in a $1.5 billion funding round led by Qatar Investment Authority. The additional funds will be used to increase partnership automation, strengthen channel relationships, and expand Impact’s go-to-market operations. Leading companies such as Shopify, Uber, and Walmart use Impact’s marketplace.Miami-based Marco Financial, a trade finance platform providing access to working capital for LATAM small and medium enterprises, has raised $82 million in a combination of seed and debt financing round, reports state.Discord, an online voice, video and text service platform, is set to acquire Sentropy, an AI-powered tool preventing digital communities from harassment for an undisclosed amount. It is reported that Discord would integrate Sentropy’s products into its existing toolkit, also bringing the latter’s leadership aboard its platform. Arctic Wolf, a cybersecurity operations firm, has raised $150 million in a Series F funding round, valuing the firm at $4.3 billion. The additional funds will be utilized to keep the company on track and improve its mergers and acquisitions strategy. Arctic Wolf’s cloud security operations platform provides small and mid-sized enterprises with round-the-clock security monitoring.Remote has raised $150M in a Series B funding round led by Accel at a valuation of over $1 billion. Other participants include Sequoia, Index Ventures, Two Sigma, General Catalyst, and Day One Ventures. Employees and contractors can use Remote’s worldwide payroll, benefits, and compliance services. With this round, Remote attains the unicorn status.Amperity, an intelligent customer data platform (CDP) for consumer brands, has turned a unicorn, raising $100 million in Series D funding at a valuation of over $1 billion in a round led by HighSage Ventures. Other investors – Tiger Global Management, Declaration Partners, Madrona Venture Group and Madera Technology Partners – participated in the round. Bookee, a SaaS platform for the fitness industry, has announced the raise of its pre-seed funding (amount undisclosed) from Antler India. Pallav Nadhani, founder of Charts.com and FusionCharts, and Abhishek Rungta, founder and CEO of Indus Net Technologies, participated in the round, reports state.ZoomInfo is set to acquire conversational intelligence provider Chorus.ai in a $575M all-cash deal. The move is aimed to allow customers to make excellent, data-driven decisions through their sales funnel by combining ZoomInfo’s top-of-the-funnel strength with insights, driven from customer conversations that Chorus captures.The $57 million Fund III of the Female Founders Fund (FFF) has been completed. The new fund expands on FFF’s current investing approach in women, women of color, and LGBTQ+owned businesses. Climate change and education are two topics that have recently gotten a lot of attention.


14 Jul 2021

Rank #7

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Elevate Brands, Vaayu, Gembah, HelloFlow, Tide, Vara and Robin AI raises funds | Microsoft acquires RiskIQ

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 retailers cut down their carbon emissions, has raised $1.57 million in its pre-seed funding round led by CapitalT. A number of angel investors, including Atomico’s Angel Program, Planet Positive LP, Saarbrücker 21, Expedite Ventures and NP-Hard Ventures- participated in the funding round, reports state.Microsoft has announced a definitive agreement to acquire RiskIQ, a security company providing digital threat management solutions for software vendors. The deal is aimed to help customers build a comprehensive view of the global threats, better understand vulnerable internet-facing assets, and build world-class threat intelligence.Gembah has raised $11M in a Series A funding round led by ATX Venture Partners. The total funding raised by the company now crosses $14M and it looks to use the proceeds from this funding towards expanding its engineering and marketing team, develop UX/UI.HelloFlow, a fintech business, has raised € 1.3 million (about USD 1.5 million) in a seed round from PreSeed Ventures and Seedcamp. The cash will be utilized to strengthen the platform’s advanced capabilities and speed up product development. HelloFlow is a no-code platform that connects with local ID authentication providers to change client onboarding and identity verification in local markets and in banks.Tide, a fintech firm, has raised $100 million in a $650 million Series C investment. The round’s leader was Apax Digital. Tide will use the extra funds to strengthen its business finance platform, expand internationally, and expand its market share. While Tide’s user base has gradually increased since its inception, in 2020, the number of users in the United Kingdom more than doubled.Vara, a staff-management platform for Southeast Asian small and medium enterprises (SME), has announced the raise of $4.8 million in a seed round from Go Ventures, RTP Global, AlphaJWC, Sequoia Capital India’s Surge, FEBE Ventures and Taurus Ventures, reports state.Robin AI has raised USD 2.42 million in a funding round led by Episode 1. The increased funds will be used to expand the firm’s client base. Robin AI will receive $2 million from the Google Black Founders Fund in addition to the funding round. Robin AI’s software solution combines machine learning and human intelligence to automate legal labor. Richard Robinson is a Black attorney-turned-entrepreneur who is passionate about promoting diversity in the workplace.


13 Jul 2021

Rank #8

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Dovetail studios raises funds

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 knowledge. Afterpay enlisted Dovetail’s help to build its digital infrastructure and create consumer-facing solutions.

12 Jul 2021

Rank #9

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Wobot.ai has announced the launch of a SaaS-based version of its product

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.

11 Jul 2021

Rank #10