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.

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

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

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

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.

Report: SaaS investment in Canada hits $1.62 billion (BETAKIT)

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

AWS launches Amazon Forecast to make time series predictions easier (TECHCRUNCH)

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.

La Caisse invests $200 million in Montreal’s Plusgrade (BETAKIT)

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.

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

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

Betterez appoints Porter Airlines CCO Michael Deluce to board of directors (BETAKIT)

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.

Red Hat acquires hybrid cloud data management service NooBaa (TECHCRUNCH)

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

Patriot One acquiring threat recognition software EhEye (BETAKIT)

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

Cybersecurity startup CloudSEK raises $1.9M for expansion (INC42)

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.

Storyflow rebrands to Voiceflow, pivots to Alexa Skills builder for business (BETAKIT)

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.

Fred de la compta Raises €4M in Funding (FINSMES)

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

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

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.


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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