S|W: The SaaS Weekly – How AI impacts enterprise software

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!

You.i TV raises $30 million for cross-platform app development program (BETAKIT)

Bob Higgins, partner at Causeway Media, will join the board at You.i TV.

SAAS NORTH recommends: SAAS NORTH is 93% sold out (SAASNORTH)

See why Mobify, Martello Tech, Ceridian, SurePath Capital, Female Funders and Solace say you need to be at SAAS NORTH.

Wattpad launches paid content program in the US (BETAKIT)

The launch of Wattpad Next (beta) in the US will reach the company’s 13 million monthly users in the region.

BlackBerry to buy cybersecurity company Cylance for $1.4B US (CBC)

The Ontario-based company called Cylance a pioneer in applying artificial intelligence, algorithmic science and machine learning to cybersecurity software.

Standard Cognition raises $40M in Series A funding (FINSMES)

The round, which brings total amount to more than $51M, was led by Initialized Capital, with participation from CRV and Y Combinator, and new investors including Draper Associates.

What to look for in an API development SaaS platform (TECHTARGET)

Not all SaaS API development platforms are made the same. Learn about the fundamental capabilities that API SaaS tools should provide and discover some popular options.

Alate Partners launches with $40 million in funding to boost real estate tech industry (BETAKIT)

The company is the brainchild of Relay Ventures managing partner John Albright and Dream president Michael J. Cooper.

Mercaux raises £3.5M in Series A funding (FINSMES)

Mercaux, which provides a SaaS-based retail technology platform that powers digital in-store experiences for offline retailers, raised the funding from Nauta Capital.

Tech leaders explain how agile and AI impact enterprise software at #WebSummit (BETAKIT)

“We need to execute at the speed of ideas. We want our organization’s model to work for the future.”

SAP agrees to buy Qualtrics for $8B in cash, just before the survey software company’s IPO (TECHCRUNCH)

This is the second-largest ever acquisition of a SaaS company, after Oracle’s purchase of Netsuite for $9.3 billion in 2016.

Ridecell expands funding round for autonomous ride-hailing platform to $60 million (VENTUREBEAT)

The round was led by Activate Capital, with participation from Munich Re’s ERGO Corporate Venture Fund, LG Technology Ventures, BNP Paribas, Sony Innovation Fund, Ally Ventures, and Khosla Ventures.

RPA startup Automation Anywhere nabs $300M from SoftBank at a $2.6B valuation (TECHCRUNCH)

The funding is an extension to the Series A the company announced earlier this year, which was at a $1.8 billion valuation.

Transit raises $17.5 million Series B to enable multimodal transportation (BETAKIT)

The round was led by Alliance Ventures, with participation from Jaguar Land Rover’s InMotion Ventures; and returning investors Accel and Real Ventures.

Citrix acquires Sapho for $200 million to surface actionable insights in the workplace (VENTUREBEAT)

Sapho makes micro-apps for team collaboration apps like Slack and Microsoft Teams that call upon more than 50 popular SaaS products like Salesforce, Workday, Concur, ServiceNow, Outlook, and Google Drive.


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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