S|W: The SaaS Weekly – Brazilian innovation

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

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Auvik Networks raises $15 million Series B to help small businesses build IT networks (BETAKIT)

The round was led by OpenView, with participation from existing investors Celtic House Venture Partners and Rho Canada Ventures.

The new wave of Brazilian SaaS innovators(TECHCRUNCH)

The SaaS market in Brazil is booming. It mirrors the rapid adoption of SaaS as the dominant cloud computing type in a global public cloud services market that’s forecast to reach more than $122 billion in 2017.

Security startup Socure raises $13.9 million(NEWSCENTER)

Socure, which provides a SaaS solution to fight the risk of identity theft and other fraudulent activities, raised the funds from Commerce Ventures, Flint Capital, Work-Bench Ventures, Santander InnoVentures, and Two Sigma Ventures.

Innisfil saved $73,500 through Uber public transportation partnership(BETAKIT)

The city partnered with Uber on May 1st, and allocated $100,000 over six to nine months.

Microsoft adds auto-remediation to SaaS security tool(RCPMAG)

The new feature will enable administrators to compel user log-ins and invalidate user sessions in response to certain kinds of security threats.

How SaaS startup RateGain is working towards becoming the Bloomberg for travel(INC42)

RateGain sells software for the hospitality and travel industries for revenue management decision support, rate intelligence, seamless electronic distribution and brand engagement helping customers streamline their operations and sales.

Voices.com acquires talent management platform Voicebank.net(BETAKIT)

In early July, Voices.com raised $18 million from Morgan Stanley Expansion Capital.

Celoxis and the next wave of SaaS in India(ENTREPRENEUR)

The SaaS business model appears to be the fastest growing sector in India and Indian SaaS companies are poised to make the country one of the leading SaaS providers in the world within the next few years.

Online ordering platform LinkGreen raises undisclosed seed round from Georgian Angel Network(BETAKIT)

LinkGreen’s main product, LinkGreen Connect, aims to help wholesale buyers and suppliers in fragment industries like the lawn and garden industry process manage orders more efficiently.


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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