S|W: The SaaS Weekly – Alibaba gains cloud momentum

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

Wattpad releases diversity and inclusion survey results, encourages Canadian tech to do same

In an industry that has garnered its own reputation for being unwelcoming to people in marginalized groups, Canadian tech companies struggle to share what they’re doing to be part of the solution.


techcrunch

Evernote refines integrations with Slack and Salesforce

Users can take an Evernote note in Slack, which will then show up in Evernote automatically in a “Notes from Slack” folder.


xios

Uber (finally) hires a CFO to take it public

Uber announced that it has hired veteran Wall Street executive Nelson Chai as chief financial officer, a position that has been empty since 2015.


finsmes

Event tech startup PlayPass raises €1.9M in funding

PlayPass provides RFID solutions to allow clients to gain insight into the operational flow of an event and to enhance and streamline the event experience for all parties involved.


techcrunch

ServiceNow-Box integration brings together two enterprise cloud stalwarts

The new capabilities give employees direct access to documents and folders stored and managed in Box’s cloud content management platform, directly from the Now Platform, which helps companies manage business processes, including IT, human resources, customer service, and security.


bk

Slack raises $427 USD million with $7.1 billion USD valuation

To date, Slack has raised $841 million from investors like Kleiner Perkins, Accel, and Andreessen Horowitz.


techcrunch

Armory lands $10M Series A to bring continuous delivery to enterprise masses

Armory’s Series A was led by Crosslink Capital, with participation from Bain Capital Ventures, Javelin Venture Partners, Y Combinator, and Robin Vasan.


venturebeat

Gravity and Microsoft forge strategic partnership to digitize supply chains

Gravity will leverage Microsoft’s Azure cloud platform to continue the deployment of market-leading, differentiated SaaS solutions for its customers at a faster pace.


bk

Sonder closes new round, reveals it’s raised $135 million to date

Sonder’s funding to date was bolstered by its most recent $85 million Series C led by Greenoaks Capital.


techcrunch

Alibaba continues to gain cloud momentum

Alibaba’s cloud business grew 93 percent in the most recent quarter to $710 million. That’s down a smidgen from the gaudy triple digit growth of last report, but their market share has doubled in just two years, and they are growing fast.


techstartups

Australian procurement platform startup VendorPanel raises US$1.72 million to to accelerate growth and simplify procurement

The funding was led by Microequities Venture Capital Fund, with strategic investment by Aconex founders Leigh Jasper and Rob Phillpot.


techcrunch

Nylas scores $16M Series B to expand email API tool

The funding was led by Spark Capital.


bk

Plurilock surpasses $1 million in revenue for biometric authentication software

The company raised a $3 million funding round in July.


techcrunch

Sequoia wraps up new $695M fund for India and Southeast Asia

“As we look to the future, the menu of investment opportunities is unprecedented — from mobile internet to online brands, enterprise SaaS to AI, crypto to deep tech in healthcare, new age consumer brands and beyond,” Sequoia wrote in a blog post.



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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.