The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.
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Carta acquires Kik team as part of Canadian expansion(BETAKIT)
Carta, a San Francisco-headquartered company that helps companies, investors, and employees manage equity and ownership, has hired 51 former Kik employees. The Kik app has also been acquired (separately).
Greylock GP Sarah Guo is as bullish on SaaS as ever(TECHCRUNCH)
Clari led us to a discussion of vertical SaaS, and Guo’s views on the future of SaaS products (she’s bullish). Alex and Guo had a lot to say on this subject.
Starting a SaaS company from India? 5 essentials you should know(ENTREPRENEUR)
The abundant IT talent, unsolved opportunities, cheaper workforce and a strong digital infrastructure has made India one of the fastest-growing SaaS markets.
Flare Systems raises $1 million for darknet intelligence software(BETAKIT)
Flare Systems, a Montreal-based cybersecurity startup that helps financial institutions security threats, has closed a $1 million seed round.
Mark Hurd, co-CEO of Oracle, dies at 62(CNBC)
Co-CEO of Oracle Mark Hurd had taken a leave of absence from Oracle last month because of unspecified health reasons.
Zurich-based Apiax raises about €6 million to help global companies grow despite regulatory headwinds(EUSTARTUPS)
The fresh capital will support Apiax’s global growth plans for its solution for mastering complex regulations digitally.
Converge Technology Solutions acquires US-based Essextec(BETAKIT)
Toronto-based Converge Technology Solutions has acquired Essex Technology Group, a New Jersey-based cloud, cognitive, and cybersecurity solution provider.
Commvault launches new SaaS offering called Metallic(FORBES)
Commvault has announced a new Software-as-a-Service offering called Metallic in its latest move in the hot market of enterprise data protection.
Ritual expands into first non-English speaking markets(BETAKIT)
Ritual has expanded its international operations into its first non-English speaking markets, Germany, Hong Kong, and the Netherlands.
WEGoT, water management startup, raises $2 million in seed funding(MINT)
WEGoT will use these funds to strengthen its IoT-enabled product portfolio, scale its presence in India, and double its employee base in the next six months.
Enterprise drones startup Aerodyne raises US$30M; claims to have inspected over 250K assets in 25 countries
The firm plans to undertake select M&As and continue to expand into Japan, India, the US, and the Middle East.
Blockchain music startup Beatdapp raises $3.2 million, adds new advisory board members(BETAKIT)
Beatdapp Software, a startup using proprietary blockchain technology to authenticate digital content streams, has completed a $3.2 million financing round.