S|W: The SaaS Weekly – Looks good on Paper

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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!


Workforce analytics startup Visier secures $154 million CAD from Goldman Sachs (BETAKIT)

An already profitable company with a healthy bottom line, Visier raised the capital after Goldman Sachs expressed interest in helping the startup optimize for companies facing new human resource (HR) challenges coming out of COVID-19.


RECOMMENDED BY ACCENTURE:

Calling Canadian health tech entrepreneurs: pitch your startup to leading North America health industry CEOs!

Accenture’s Health Tech Innovation Challenge brings together start-ups and larger health organizations to tackle the world’s biggest health issues. Now in its fifth year, the challenge gives start-ups the chance to pitch their innovative ideas to leading CEOs from across the healthcare industry in Canada and the US. Entrepreneurs will gain exposure to judges who represent the broad spectrum of Accenture’s clients in healthcare, insurance, life sciences, and government.

Deadline extended to July 16 – apply today!


Didi, the Chinese ride-hailing giant, makes its debut on Wall Street (NEW YORK TIMES)

The company is going public as investors continue to embrace share sales by tech companies. But Didi could face additional scrutiny because of its Chinese origins.


Paper closes $123 million CAD to provide more equitable education support through tech (BETAKIT)

“There’s a ton of resources available for the families with means and hardly anything available for everybody else.”


A $1.5 billion series A? Here’s what’s behind those giant rounds. (PROTOCOL)

Articulate wasn’t the only giant series A. Just two weeks ago, General Atlantic announced a similar investment of $543 million in a series A round for Transmit, touted as the largest series A for a cybersecurity firm ever.


MaRS’ Yung Wu on the real price of ransomware (BETAKIT)

Every 11 seconds, there’s a ransomware cyberattack against a business. These types of attacks happen even more frequently to individuals.


IBM President Jim Whitehurst steps down less than two years after he joined through Red Hat acquisition (CNBC)

Jim Whitehurst is stepping down as IBM’s president but remaining a senior advisor to CEO Arvind Krishna and other executives.


Alida secures $12.3 million CAD debt facility to pursue product-driven expansion (BETAKIT)

Founded in Vancouver in 2000 as Vision Critical, Alida claims to have created “the world’s first combined CXM and Insights platform.”


Massive data leak exposes 700 million LinkedIn users’ information (FORTUNE)

The data appears to be recent, with samples from 2020 and 2021, according to the report.


Tribe Technologies announces November seed funding as company looks to scale online community platform (BETAKIT)

With $6 million USD still in the bank, Tribe Technologies is now looking to improve the extensibility, customization, and scalability of its platform.


Hi, I’m Disaster Bot (REST OF WORLD)

An Indonesian mapping platform is turning social media chatter into life-saving information during natural disasters.


Canadian tech must embrace Indigenous reconciliation (BETAKIT)

While Canada is often viewed globally as a thriving hub within the digital economy, Indigenous communities and practitioners are largely missing from the conversations and spaces about the future ‘smart’ and decentralized technologies.


Judge throws out 2 antitrust cases against Facebook (NEW YORK TIMES)

The decisions were a major blow to attempts to rein in Big Tech. The judge said one of the complaints, from the Federal Trade Commission, lacked facts and gave the agency 30 days to refile it.


ServiceTitan acquires Aspire to move into landscaping, raises $200M at a $9.5B valuation (TECHCRUNCH)

The funding is being led by a new backer, Thoma Bravo, with other unnamed existing investors participating.



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Josh Scott

Josh Scott

Josh Scott is a BetaKit staff writer who loves to tell Canadian business and tech stories. His coverage is more complete than his moustache.