S|W: The SaaS Weekly – Enterprise-grade

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!

Slack reportedly raising $250 million with $5 billion valuation(BETAKIT)

Accel reportedly led the financing with Japan-based SoftBank.

WalkMe raises $75M at a ‘$935M’ valuation for its on-screen guidance tech(TECHCRUNCH)

WalkMe, which has built a cloud-based platform for businesses to make web and mobile interfaces and experiences easier to navigate with on-screen guidance and prompts, raised the funds from Insight Venture Partners and other undisclosed investors.

After Microsoft’s dazzling Q4, can Amazon or Salesforce catch up in the cloud?(FORBES)

What’s particularly striking about Microsoft’s rapid ascension in the enterprise cloud—its annualized cloud revenue run rate is now $18.9 billion—is that it’s occurring even as its closest competitors, Amazon and Salesforce, are themselves performing brilliantly.

OpenText set to acquire forensic security firm Guidance Software for $300 million(BETAKIT)

OpenText said the acquisition is expected to complement its Discovery portfolio of software and services.

Monetize your SaaS APIs for analytics(SAASTR)

There is an explosion of Big Data and analytics happening right now outside of your cloud perimeter.

Workflow automation startup Workato announces $10M Series A(TECHCRUNCH)

The round was led by Storm Ventures with participation from strategic investors Salesforce Ventures and Workday Ventures.

Noticeboard raises $1.2M funding from Stellaris and angel investors(INC42)

Noticeboard, a staff communication platform, plans to use the funding to strengthen its design team and develop new products and technologies.

Cyclica raises additional $2.25 million for platform that predicts drug effectiveness(BETAKIT)

Cyclica raised its $2.4 million Series A in September 2016.

Raleigh-based startup, Pendo, hires four Valley tech execs showcasing a national trend(FORBES)

The new additions to Pendo’s exec team not only point to the strength of Pendo’s product but also to a larger trend in tech: the migration of top talent out of Silicon Valley and into growing tech hubs across the US.

A guide to simplifying private cloud management with SaaS(CLOUDCOMPUTING)

Here, we will see how the use of SaaS simplifies on-premises cloud operations in three areas: provisioning and configuration, monitoring, and management.

Sortable announces two key hires for new Toronto office(BETAKIT)

Jennifer Fields, who was formerly the head of national agency sales at Kijiji, is joining as Sortable’s head of strategic partnerships; while Lila Hunt, who has served in several roles at Index Exchange, is joining as the publisher solutions architect.


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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