S|W: The SaaS Weekly – Going gangbusters


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

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Mphasis to launch Canadian HQ in Calgary, create up to 1,000 tech jobs (BETAKIT)

Mphasis has reached a strategic, public-private partnership with the Government of Alberta and the University of Calgary.


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Celonis snares $1B Series D on $11B valuation (TECHCRUNCH

Durable Capital Partners LP and T. Rowe Price Associates co-led the round, with participation from new investors Franklin Templeton, Splunk Ventures and existing investors Arena Holdings.

Toronto tech CEO vows to rebuild, grow team after Gaza office destroyed in airstrike (BETAKIT)

The Gaza office building housing the team of nine developers from Open Screenplay was destroyed in mid-May on the 10th day of deadly airstrike attacks on the city.

Israel’s monday.com eyes over $6 bln valuation in U.S. IPO (REUTERS)

The company, with backers including venture capital firm Sapphire Ventures and investment manager Hamilton Lane, plans to sell 3.7 million shares for $125 to $140 apiece, raising up to about $518 million.

AQC Capital secures $64 million for second tech startup investment fund (BETAKIT)

Through the fund, AQC and its backers aim to support the development of innovative Québec startups and help accelerate their international growth ambitions.

Gong going gangbusters, grabs $250M Series E on $7.25B valuation (TECHCRUNCH)

What is making investors open their wallets and pull out such large sums of cash? The company is helping solve a hard problem on how to bring more intelligence to the revenue process.

Guild Education reaches $3.7 billion valuation amid labor shortage (CNBC)

Guild Education has raised $150 million from venture investors valuing it at $3.75 billion — more than triple its previous $1 billion valuation.

INTELIGHT partners with Innisfil on $2.2 million project to develop smart city connectivity solution (BETAKIT)

Through the 24-month-long project, Mississauga-based tech startup INTELIGHT hopes to help shape the future of intelligent transportation systems and smart communities.

European regulators launch fresh probes of Facebook, Google (AP NEWS)

The multiple probes represent the latest escalation by European regulators in their battle to rein in the dominance of big American tech companies.

helloDarwin raises $2 million seed round (BETAKIT)

The raise comes along with a new name and after an evolution of the startup’s offering.

KKR, CD&R to take data analytics firm Cloudera private for $4.7 billion (CNBC)

Private-equity firms KKR and Clayton Dubilier & Rice will take Cloudera private for $4.7 billion, the cloud-based data analytics company said.

Josh Scott

Josh Scott

Josh Scott is a BetaKit reporter focused on telling in-depth Canadian tech stories and breaking news. His coverage is more complete than his moustache. He was also the winner of SABEW Canada’s 2023 Jeff Sanford Best Young Journalist award.

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