S|W: The SaaS Weekly – SaaS growth vs. profit


The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.

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Closing a $95 million fund, Round 13’s Bruce Croxon says it’s the perfect time to invest in Canada(BETAKIT)

The fund is looking to invest $1 million to $5 million in Canadian tech companies.

Robotic digitization startup Ripcord raises $40 million to make paperless offices a reality(VENTUREBEAT)

Ripcord, which has built machines that can scan, index, and categorize paper documents to make them searchable via the cloud, raised the Series B round from Icon Ventures, Kleiner Perkins, Lux Capital, and Silicon Valley Bank.

Subscribe to The AI Times Newsletter(BETAKIT)

The biggest AI, machine learning, big data, and automation news from around the globe sent your inbox every week.

LiftIgniter raises a $6.4 million Series A led by Storm Ventures(BENZINGA)

LiftIgniter uses machine learning to create personalized, digital experiences to optimize user engagement.

Onvia announces next-generation SaaS and data platform to help businesses sell more to government(BUSINESSINSIDER)

The platform, Onvia 8, enables companies of all sizes to find and act on more opportunities and win more government contracts.

Sipbar uses tech to power its on-demand bar service(BETAKIT)

Sipbar allows people to book a fully-stocked bar with beer, wine, and spirits on demand.

Inside ServiceNow’s surge: How it’s become the most-innovative SaaS vendor on the planet(FORBES)

With Q2 revenue up 40.2% to $478.5 million, ServiceNow, a cloud computing company that aims to replace unstructured work patterns with intelligent workflows, has raised its guidance for full-year revenue to just over $1.9 billion.

Respond Software launches analyst platform to help security staff(EWEEK)

Along with launching the Respond Analst platform, which aims to solve the IT security staffing challenge, also raised a $12 million Series A funding round.

Hootsuite’s Ryan Holmes shares a dummies’ guide to startup growth vs. profit(BETAKIT)

“The profit-growth question doesn’t have easy answers,” the founder argues.

Bluebird Network launches The Connected World SaaS platform(BUSINESSINSIDER)

Bluebird serves carrier and enterprise customers by providing high bandwidth, carrier-class Internet and data services in rural and urban communities.

Vibrent Health SaaS precision medicine platform granted ATO(HITINFRASTRUCTURE)

Vibrent Health’s SaaS precision medicine platform combines clinical data from multiple sources to provide clinicians with evidence-based insights into patient health.


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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