S|W: The SaaS Weekly – Microsoft bans Slack

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

Shopify reveals Amazon-style fulfillment centres, 3D product display at Shopify Unite

The Shopify Fulfillment Network will provide US-based merchants with a network of various fulfillment centres.



The Verge

Microsoft bans Slack and discourages AWS and Google Docs use internally

The Slack ban isn’t primarily driven by Microsoft’s competing Teams product, though. Microsoft is reportedly concerned about the security aspects of Slack Free and Slack Plus.


BetaKit

L-Spark Accelerator opens applications for sixth B2B SaaS cohort

L-Spark aims to scale Canadian companies into globally competitive firms by nurturing rapid month-over-month growth.


Deal Street Asia

SaaS startup Druva becomes India’s latest unicorn after raising $130 million

With the latest capital infusion, total capital raised by Druva stands at $328 million.


TechCrunch

Blue Prism acquires UK’s Thoughtonomy for up to $100 million to expand its RPA platform with more AI

Blue Prism, which helped coin the term RPA when it was founded back in 2001, has announced that it is buying Thoughtonomy, which has built a cloud-based AI engine that delivers RPA-based solutions on a SaaS framework.


BetaKit

Slack shares surge after direct listing on the NYSE

Prior to the filing, Slack was valued at $7 billion USD, with the public listing valuation rising to around $22 billion.


Venture Beat

Valimail raises $45 million to thwart email phishing attacks

Anti-phishing startup Valimail has raised $45 million in a Series C round of funding from Insight Partners.


NorthStar wants to take Earth and space monitoring service global

NorthStar plans to launch a constellation of satellites that will monitor Earth’s ecosystem and orbit.


TechCrunch

‘The Operators’: Acceleprise partner Whitney Sales and Docsend CEO Russ Heddleston on how to grow your sales strategies

The Operators highlights the experts building the products and companies that drive the tech industry.


BetaKit

Live streaming platform LiveScale raises $1 million in first round of funding

Montreal-based LiveScale, offering a live video platform allowing its customers to broadcast events on multiple social networks and websites simultaneously, has closed a $1 million round.



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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.