S|W: The SaaS Weekly – Salesforce and MuleSoft’s $6.5 billion deal


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

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Vision Critical acquires Aida to integrate AI applications into customer intelligence platform(BETAKIT)

The entire Aida data science team will join Vision Critical.

Salesforce agrees to buy MuleSoft in $6.5 billion deal (CNBC)

The deal, scheduled to close by July 31, will give Salesforce access to MuleSoft’s 1,200 customers and the chance to sell them complementary products.

Netlify wants to make it easier for web developers to use AWS Lambda event triggers (TECHCRUNCH)

Netlify has abstracted away the concept of a web server. By shifting from a monolithic website to a static front end with back-end microservices, it believes it can solve security and scaling issues and deliver the site much faster.

Hootsuite, Shopify among Linkedin’s most sought-after companies in Canada(BETAKIT)

This is the first time Linkedin has done a Canadian version of the list.

Oracle’s lack of developer appeal is killing its cloud business (TECHREPUBLIC)

In order for Oracle to compete in the cloud, it must stop focusing on its legacy business and find a way to deliver more services at a lower entry cost.

Ansarada gets $18M in Series A funding to help companies better prepare for major deals(TECHCRUNCH)

The funding was led by Ellerston Capital, with participation from Tempus Partners, Belay Capital, and Australian Ethical Investments

CareWorx raises $17 million to help senior care centres track health records (TECHCRUNCH)

CareWorx plans to use the funding to accelerate growth in the senior care market.

Chargebee raises $18M to help businesses manage subscriptions (TECHCRUNCH)

The funding was led by Insight Venture Partners, with participation from Accel Partners and Tiger Global Management.

Where are we in the SaaS valuation cycle? (TOMTUNGUZ)

“Recently, people have been asking just where we are in the SaaS valuation cycle. The answer is close to ten-year highs.”

Toronto-based Green Tank Technologies raises $4.3 million from Snoop Dogg (BETAKIT)

Alan and Lorne Gertner, founders of Canadian lifestyle brand Tokyo Smoke, also participated in the round.

Google makes it easier to run high-performance workloads on its cloud platform (TECHCRUNCH)

Using this integration, developers can easily launch an auto-scaling Slurm cluster on Compute Engine that runs based on the developers’ specifications.


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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