S|W: The SaaS Weekly – Gaining ground in SaaS

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

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Ritual raises $53 million Series B(BETAKIT)

The company plans to use the funding to expand into more US cities.

Amazon crushing IaaS cloud competition, Oracle gaining ground in SaaS and PaaS(TECHREPUBLIC)

Amazon Web Services has more than double the market share of its next nine IaaS competitors combined. But for Oracle’s cloud ambitions, it just might have a shot in PaaS and SaaS.

Toronto-based Trellis raises $2.5 million from Snoop Dogg’s venture firm(BETAKIT)

Trellis’ software helps cannabis-related businesses comply with US inventory management and security requirements.

Cloud-based communications startup Dialpad lands $17M more in funding(SILICONANGLE)

Dialpad raised the funds from the Section 32 fund headed by Bill Maris, who is best known for founding Google’s GV venture capital arm.

IVP raises $1.5 billion for its 16th fund, targeting late-stage startups(VENTUREBEAT)

IVP XVI will target new later-stage companies in sectors that include Software-as-a-Service (SaaS), security, consumer products, and cryptocurrency.

Competitor intelligence platform Klue launches with $4 million in funding(BETAKIT)

Klue’s platform targets B2B tech companies, and enables them to keep track of competitors’ businesses.

ProsperWorks raises $53M for its G Suite-centric CRM service(TECHCRUNCH)

The round was led by Norwest Venture Partners, with participation from Google Ventures.

Transerve, a geospatial technology startup, raises $1.6 million(MINT)

Transerve has received the funding from IL&FS Investment Managers and Omidyar Network in a Series A round.

Transit raises $5 million with mission to make car ownership obsolete(BETAKIT)

The company raised a $2.4 million seed round in September 2016.


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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