S|W: The SaaS Weekly – La Caisse’s big investment

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!


BetaKit

HYAS receives $2 million in venture debt from Silicon Valley Bank

Infosec and cybersecurity company HYAS has announced that it has entered into a debt financing agreement with Silicon Valley Bank (SVB).


saasnorth

SAAS NORTH recommends: Outside Toronto: The Unsung Canadian Cities Leading AI Innovation

While Toronto deserves its place at number one when it comes to Canadian innovation, the rest of the country has been gaining ground in the field of AI research and development. Cities such as Montreal, Edmonton, Vancouver, and Ottawa are quietly becoming major hubs of AI innovation.


bk

Report: SaaS investment in Canada hits $1.62 billion

Ottawa-based SaaS accelerator L-SPARK has released the results of its annual State of Canadian SaaS report.


techcrunch

AWS launches Amazon Forecast to make time series predictions easier

Amazon’s AWS launched Amazon Forecast, a new pre-built machine learning tool that will make it easier for developers to generate predictions based on time-series data.


bk

La Caisse invests $200 million in Montreal’s Plusgrade

Caisse de dépôt et placement du Québec (la Caisse) is taking an equity interest totalling $200 million in Plusgrade, a provider of revenue solutions to the global travel industry.


dealstreetasia

SaaS startup Verloop raises $3m from IDFC Parampara Fund, others

Verloop, a SaaS startup for customer engagement, raised $3 million in Series A funding round led by IDFC Parampara Fund.


bk

Betterez appoints Porter Airlines CCO Michael Deluce to board of directors

Deluce was a founding team member of Toronto-based Porter Airlines, where he oversees all commercial aspects of the business and continues to have a central role in the company.


techcrunch

Red Hat acquires hybrid cloud data management service NooBaa

At its core, NooBaa is all about bringing together various data silos, which should make it a good fit in Red Hat’s portfolio.


bk

Patriot One acquiring threat recognition software EhEye

Toronto-based Patriot One Technologies is set to acquire New Brunswick-based EhEye, a video threat recognition software company.


inc42

Cybersecurity startup CloudSEK raises $1.9M for expansion

Singapore-headquartered SaaS-based cybersecurity startup CloudSEK has raised $1.97 M (INR 14 Cr) in a Pre-Series A funding round led by Exfinity Venture Partners and StartupXseed.


bk

Storyflow rebrands to Voiceflow, pivots to Alexa Skills builder for business

Toronto-based Storyflow, which launched as a platform to build interactive voice entertainment on smart speakers, has changed its name to Voiceflow as it pivots its platform.


finsmes

Fred de la compta Raises €4M in Funding

Backers included New Alpha, Go Capital, and other existing shareholders.


bk

IBM partners with IVADO, plans to hire 100 people in Montreal

IBM said it also plans to hire 100 people for its Client Innovation Centre in Montréal which will be focused on AI and Salesforce solutions.


Subscribe to S|W: The SaaS Weekly

* indicates required




Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.