The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.
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SkyWatch raises $4 million to democratize satellite data(BETAKIT)
SkyWatch, which allows satellite operators to distribute data to new markets, raised the funds from Sinai Ventures and Space Angels.
Red Hat acquires CoreOS for $250 million to double down on Kubernetes(VENTUREBEAT)
CoreOS’s main products include CoreOS, a Linux distribution, and Tectonic, a container management solution based on the open source Kubernetes container orchestration platform, originally developed by Google.
Microsoft’s Azure revenue nearly doubled year-over-year in its second quarter(TECHCRUNCH)
Microsoft said that its Azure revenue grew 98 percent year-over-year — a long-running theme alongside many other lines that equate to Microsoft’s efforts in the cloud offsetting many of the major shifts in computing that first led Microsoft to be a behemoth.
CanvasPop raises $3.3 million to turn your social media photos into wall art (BETAKIT)
Customers can turn their Instagram and Facebook photos into magnets, pillows, and canvas or framed prints.
Oracle places huge bets on AI and machine learning to overtake Salesforce in SaaS (FORBES)
Already offering the largest lineup of modern SaaS applications on the market, Oracle is infusing its entire lineup of SaaS apps with machine learning and artificial intelligence to help customers become high-speed data-driven digital enterprises.
Google to create a cloud app marketplace, chasing Amazon(BLOOMBERG)
Google Cloud and MobileIron, which offers a cybersecurity tool for cellphones, are partnering on a new online marketplace that will allow businesses to buy cloud services and distribute them to employees, while keeping corporate data secure.
German API integration startup CloudRail announces $672K seed investment (TECHCRUNCH)
CloudRail, which provides integration services for developers, raised the funds from Ulrich Turck Family Office, SB Rheinland-Pfalz, Leonardo Ventures, BMW, and others.
Platterz raises $18 million and adds former GrubHub president, Lyft EVP to advisory board (BETAKIT)
The company’s last funding round was $6.7 million in April 2017.
SaaS startup Paperflite secures $400K seed funding in round led by The Chennai Angels (YOURSTORY)
Paperflite enables small and mid-sized companies to improve their sales through content-sharing tools.
BigID pulls in $14 million Series A to help identify private customer data across big data stores (TECHCRUNCH)
Comcast Ventures, SAP (via SAP.io), ClearSky Security Fund, and one of the company’s seed round investors, BOLDstart Ventures, all participated in the investment.
Student-run Front Row Ventures makes first $25,000 investment (BETAKIT)
Front Row Ventures has invested in Pelcro, which helps publishers monetize their content through subscriptions.