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Shopify’s monthly recurring revenue was $20.7 million, up 62 percent compared to $12.8 million during the same time last year.
The round was led by IVP, with participation from existing investors Lightspeed Venture Partners and Greylock Partners.
Salesforce is looking to take its AppExchange to the next phase to better address the increased demand for subscription-based services within the enterprise.
Xee, a France-based connected car services platform, raised the funds from Bridgestone EMEA, Total and Cofip, with participation from existing investor Via ID.
This is Pythian’s third round of financing from BDC in its 20 years of operation.
SaaS has moved beyond standalone software functionality to a business platform for mission-critical applications, according to Informatica CIO Graeme Thompson.
ServiceChannel, a facilities management platform for companies to procure and manage building maintenance services, raised the round from Accel.
Growlabs emerged out of a problem that founder Ben Raffi experienced at Universe: growing B2B sales at scale.
Deck Commerce, a SaaS ecommerce operations plaform, raised the round from St. Louis, Missouri-based Arsenal Capital Management.
Stuart Blyth, director at SilverBridge, discusses the considerations that need to be taken before implementing SaaS solutions.