S|W: The SaaS Weekly – AI-enabled SaaS

The SaaS Weekly is a weekly newsletter covering the 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!

Automat raises $11 million Series A to build up conversational AI platform(BETAKIT)

Automat, which allows brands to build conversational bots, raised the round from brandtech group You & Mr Jones, with participation from new investors Comcast Ventures and Omidyar Technology Ventures.

Lightspeed and Accel lead $100 million investment in cloud security startup Netskope(VENTUREBEAT)

Netskope, which helps companies secure their cloud-stored data, plans to use the funding to achieve “financial independence.”

Shopify’s social marketing bot now free for all merchants(BETAKIT)

Kit has had over 3 million conversations with merchants since it was acquired last year.

Oracle adds machine learning, AI to cloud security services(SDXCENTRAL)

Oracle added new adaptive access capabilities into Oracle Identity Cloud Service (SOC), risk monitoring that uses machine learning engines, and expanded its Cloud Access Security Broker (CASB) service to support its SaaS products with automated threat detection.

Must-haves for digital transformation(TALKINCLOUD)

Digital transformation will mean different things to different companies, but any organization that is looking to create new possibilities for its business through digital technology needs to focus on four strategic IT priorities.

Pressboard raises $2 million to develop AI assistant for its branded content marketplace(BETAKIT)

The funding round was led by the Vancouver Founder Fund.

Moving the collaborative experience to the cloud(ZDNET)

SaaS office tools are a fast-growing market segment. What are the implications for IT implementers, the benefits of cloud scalability and versatility, and the potential drawbacks?

Customer engagement platform Freshdesk rebrands to Freshworks(INC42)

CEO and Founder Girish Mathrubootham said the rebranding to Freshworks would not just the change the way businesses do customer support, but to refresh the way they do business.

Upbrella Construction wins PwC Canada’s disruptor award(BETAKIT)

Upbrella construction is developing crane-less roof technology.

This SaaS company’s new look is inspired by Netflix and Spotify(FORBES)

Cornerstone, a learning and HR software company, said it will redesign its site with a Netflix-style interface that tells user what online-learning they might want to try next.

With $2.1 million in funding, Zoom.ai wants its automated assistant to be the next Salesforce(BETAKIT)

The round included participation from Extreme Venture Partners, BetaWorks, MaRS IaF, BDC, and the Golden Triangle Angel Network.

Exclusive: Growfitter raises $600K to expand its health and fitness services(INC42)

The Series A round was led by San Francisco-based VC SQue Capital.

Jibestream releases new features to enhance user experience(BETAKIT)

Jibestream released a suite of features to help developers embed indoor maps into web and mobile apps.


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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