S|W: The SaaS Weekly – Tech layoffs on the rise

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

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St. John’s Newfoundland startup Cyno signs deal with Shopify (BETAKIT)

Cyno, a virtual healthcare startup, announced at the beginning of January that it has signed a service agreement with Canadian e-commerce giant Shopify.

Qualcomm launches a car-to-cloud service for over-the-air updates and telemetrics (TECHCRUNCH)

It’s the company’s first product that integrates its automotive cockpit platform and Snapdragon automotive platforms with 4G and 5G support.

After its big bet on Periscope Data, Sisense raises $100M+ at a unicorn valuation(SILICONANGLE)

Sisense’s total outside funding now stands at more than $300 million when counting the capital raised by Periscope Data, a fellow business intelligence provider it absorbed through a nine-figure merger last year.

Today in funding: SkyWatch, Reshift Security(BETAKIT)

Two Canadian startups have announced fresh funding rounds to fuel their growth. Here’s the latest on who raised, how much, from whom.

BigID raises $50M in funding from Tiger Global(FINSMES)

BigID, a New York and Tel Aviv, Israel-based provider of privacy-oriented data discovery, intelligence and automation solutions, raised $50m in new funding.

Startup raises $6.2M to give patients a lift(MEDCITYNEWS)

By giving patients access to reliable transportation, Ride Health hopes to reduce costly no-shows and delayed hospital discharges.

Insight Partners acquires data management company Veeam for $5B(TECHCRUNCH)

The company, which has been based in Baar, Switzerland, says that it had $1 billion in revenue last year. It boasts 365,000 customers worldwide, including 81% of the Fortune 500.

Toronto startup uses blockchain to help Mongolian farmers create sustainable supply chain (BETAKIT)

Toronto-founded startup Convergence.tech has concluded a case study conducted alongside the United Nations Development Program (UNDP).

AvePoint raises $200M to ease IT governance in the Microsoft ecosystem(SILICONANGLE)

Application governance provider AvePoint Inc. has raised $200 million in funding from a group of investors headlined by TPG Sixth Street Partners and Goldman Sachs.

Tech layoffs rise as cost-cutting comes into vogue (TECHCRUNCH)

Companies cut 64,166 tech jobs in 2019, up 351% from the prior year.

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.

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