S|W: The SaaS Weekly – Demo days go virtual

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

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Staffy pivots platform to direct workers to essential sectors during COVID-19 pandemic(BETAKIT)

Staffy, an online marketplace that connects businesses with workers, is shifting its focus from hospitality to other industries during the COVID-19 pandemic.

Stocks rise after mixed day, with tech leading and SaaS outperforming(TECHCRUNCH)

The wild ride that has been U.S. stock market over the past couple of weeks may be settling down — at least for the moment — from the whiplash-like swings that helped set global markets on edge.

Here’s how #CDNtech companies are pitching in during COVID-19(BETAKIT)

As the COVID-19 pandemic escalates around the world, Canadian businesses are taking steps to help flatten the curve and support customers through new offerings.

Cloud infrastructure startup HashiCorp raises $175M in Series E funding led by Franklin Templeton, now valued at $5.1 billion valuation(TECHSTARTUPS)

HashiCorp has experienced more than 100 percent year-over-year revenue growth for four consecutive years, and has more than doubled its customer base each year during the same period.

L-Spark set to host SaaS Showcase demo day virtually(BETAKIT)

Ottawa-based SaaS accelerator L-Spark has decided to move forward with its annual SaaS Showcase demo day, with the event to take place virtually.

Enterprise cloud governance startup CoreStack raises $8.5M in series A round led by Naya Ventures(YOURSTORY)

The Seattle and Chennai-based startup said it plans to use the funding to expand its Chennai R&D team by the end of the year.

Toronto’s Sinclair Interplanetary to be acquired by Rocket Lab(BETAKIT)

Sinclair Interplanetary, a supplier of hardware, software, training, and expertise to the spacecraft community, is set to be acquired by US-based Rocket Lab.

Seattle-area cloud governance startup CoreStack raises $8.5M(GEEKWIRE)

CoreStack CEO Ezhilarasan Natarajan said the company typically saves customers 20 to 60 percent off their annual cloud costs. It has more than 60 enterprise clients.

11 Canadian companies in Y Combinator’s Winter 2020 Demo Day(BETAKIT)

This week, Y Combinator (YC) held its Winter 2020 Demo Day, the 30th for the Silicon Valley incubator. For this cohort, 16 Canadian startups participated.

Microsoft Teams jets to 44M DAUs, announces new features as remote work booms(TECHCRUNCH)

Microsoft and Slack have been locked in a competition to build the biggest internal-work chat service since Teams’ launch in late 2016.

Video software startup VXG raises $1 million seed round(BETAKIT)

VXG, a video management software (VMS) startup based in Toronto, has raised a $1 million seed round of financing.

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.

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