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!
ZenHub raises $5.9 million CAD seed round to help automate tasks for developers (BETAKIT)
“We see [automation] as a huge opportunity to differentiate in this space for software project management tools.”
Build Trust with an Enterprise Data Catalog
What is data for your company – a resource or a risk? A leg-up or a liability? The key to getting twice as much out of data investments this year is a curated catalog of internal and external data (Gartner). But juggling shareability and security isn’t easy.
A data catalog can help. Centralized data, granular access controls, and simple collaboration are all essential components of good data governance. What’s more, a data catalog makes it easier to audit data access and comply with data privacy regulations.
Learn how your organization can innovate easily and securely with a data catalog solution.
FlightHub reaches $5-million settlement after investigation by Competition Bureau (THE TORONTO STAR)
The Competition Bureau said FlightHub made millions in revenue from charging hidden fees and misled consumers about the costs and terms associated with various services.
TradeCafe raises $10 million from Round13 amid pandemic’s impact on food supply chain (BETAKIT)
TradeCafe claims it has helped facilitate more than $2 billion in trade transactions to date.
Australia’s standoff with Facebook has lessons for Canada, publisher says (CBC)
How Canada proceeds will likely have a major impact on the future of news in the country.
Galvanize to be acquired by Diligent for reported $1 billion (BETAKIT)
British Columbia-based software company Galvanize is set to be acquired by Diligent Corporation, a corporate governance software company based out of New York.
After GameStop craze, Reddit raises even more money than previously announced (FORBES)
Reddit is working overtime to fill up its coffers, adding millions of dollars more to an already sizeable funding round made public two weeks ago.
TheScore files for US IPO on Nasdaq (BETAKIT)
theScore plans to use the proceeds to expand its mobile sports betting app’s operations across North America.
Is your boss watching you? Widespread computer surveillance of remote workers ‘worrisome on a bunch of levels’ (TORONTO STAR)
Technology allowing employers to keep tabs on workers remotely being enhanced at astonishing pace, raising deep privacy concerns.
Loop Insights, Nano One Materials, Converge Technology Solutions among TSX Venture’s Top 50 companies (BETAKIT)
This year’s companies had the highest share price increase and market capitalization increase since 2011.
Twitter aims to double revenue by 2023, teases new ‘super follow’ feature (REUTERS)
The site, typically used to broadcast short messages to a wide audience, is also working on building more ways for people to have conversations, it said.
HYAS looks to develop cybersecurity product with $20 million CAD Series B round (BETAKIT)
The round was led by Austin, Texas-based S3 Ventures, with participation from Uncorrelated Ventures, Tightline Holdings, Cyber Mentor Fund, and Dcode Capital.
Airbnb is driving hosts elsewhere with costly pandemic policies (NEW YORK TIMES)
Hurt by refunds, some are trying to cut the site out of bookings or taking legal action. The company says it is working to reduce tensions.