S|W: The SaaS Weekly – A rocky future for SaaS investing

The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.

Subscribe to S|W using the form at the bottom of this page to ensure you don’t miss out on the most important SaaS news every week!


BetaKit

Google to continue collaboration with Kitchener-Waterloo’s Quantum Benchmark

Google lead on its quantum supremacy project calls Kitchener-Waterloo-based Quantum Benchmark’s model integral to its quantum efforts, as licence renewed.


LATEST JOBS

eCompliance – Scrum Master/Agile Coach

Hackworks – Hackathon Project Lead

ventureLAB – Director, Business Development

See more jobs and post your own on Jobs.BetaKit (powered by Jobbio).


TechCrunch

The SaaS gold rush will become the ‘Hunger Games’

For investors, the next 5 years won’t be as easy as the last 10.


BetaKit

Calgary-based Benevity raises $40 million in Series C

The new capital comes from previous investors JMI Equity and General Atlantic. JMI has invested in Benevity since its Series A, when the Baltimore-based growth equity firm put forward the entire $38 million round.


Databricks raises $400 million at a $6.2 billion valuation

Since 2013, the year Databricks opened for business, it’s had no trouble attracting customers. But this week kicked into high gear the company’s uninterrupted march toward market domination.


TechCrunch

Vendr, already profitable, raises $2M to replace your enterprise sales team

Vendr has developed an enterprise SaaS solution for managing enterprise SaaS.


Our SaaS picks: playing defense in the software space

We lay out our set of screening criteria along with four of our most interested SaaS picks.


SaaS startup Crediwatch raises $3.2M from VC firm Artis Labs

Artis Labs is an early-stage company that invests in artificial intelligence and machine learning companies. This is the fund’s first India investment.


TechCrunch

Grafana Labs nabs $24M Series A for open source-based data analytics stack

Lightspeed Venture Partners led the round with participation from Lead Edge Capital.


BetaKit

Flare Systems raises $1 million for darknet intelligence software

Flare Systems, a Montreal-based cybersecurity startup that helps financial institutions security threats, has closed a $1 million seed round.


Commercetools raises $145M to power large enterprises’ online sales

The post-money valuation wasn’t revealed in the official announcement. But a source described as close to the deal told TechCrunch that Commercetools is now worth around $300 million.


Raydiant raises $7M in financing

Raydiant, a San Francisco, CA-based cloud, dynamic display platform for businesses to centrally deploy and manage applications across many screens, raised $7M in financing.


BetaKit

Edmonton-based startup Mover acquired by Microsoft

Mover, an Edmonton-based startup that offers data migration services, was acquired by Microsoft. Terms of the deal were not disclosed.



Subscribe to S|W: The SaaS Weekly Newsletter

* indicates required




Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.