S|W: The SaaS Weekly – SaaS invests in AI

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

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Shopify, Google among 30 companies committing combined $80 million over 10 years to Vector Institute(BETAKIT)

The Institute, which aims to become a world-leading centre of AI, has ambitious goals: to graduate the most deep learning and machine-learning PhDs and masters students globally, and be the engine for the federal government’s AI supercluster.

LiveSmart, a London-based employee health platform, raises £700,000(TECHCRUNCH)

Investors include Matt Merrick (formerly the managing director of Virgin Active Health Clubs) and Lawrence Mitchell (formerly global marketing director and global wellness lead at Reed Business Information).

Therapia raises $750,000 seed round for on-demand physiotherapy platform(BETAKIT)

The funding round was led by a group of unnamed stakeholders in the healthcare space.

ZenJob raises €3M in venture capital funding(FINSMES)

The on-demand staffing platform raised the round from Redalpine and Acton Capital Partners, with participation from 500 Startups and existing investor Atlantic Labs.

Study predicts HR’s big move to SaaS by 2020(HRDIVE)

A study by Information Services Group predicts that more than half of all enterprises will move all or some of their HR systems to the cloud by 2020.

Logistics startup Freightos lands $25 million in funding from GE Ventures(TECHCRUNCH)

The funding will be used to launch Freightos Marketplace, described as “booking.com, but for international shipping,” into more countries.

Hootsuite’s Ryan Holmes says social networks have an “algorithmic responsibility” to users(BETAKIT)

“Networks right now are uniquely positioned to give users either a full, factual view of the world or a partial, slanted one,” said Holmes.

Singapore startup Weeloy raises US$3.6M to make restaurant management more efficient(E27)

The investment comes from FirstFloor Capital, a Malaysian VC that focuses on early stage startups.

AWS launches cloud-based contact center Amazon Connect(TALKINCLOUD)

Customers can design contact flows based on the information retrieved by Amazon Connect from AWS services or third-party systems.

Belgian accounting startup Silverfin raised £3.7 million to expand to the UK despite Brexit(BUSINESSINSIDER)

Silverfin, which pulls in data from accounting software to give businesses a real-time view of their financial data in one place, raised the funds from Index Ventures and other existing investors.

Casalova partners with Dream Maker Developments on online condo purchase system(BETAKIT)

The partnership will allow homebuyers to purchase and review the details of a pre-construction condo completely online.


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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