S|W: The SaaS Weekly – Which SaaS market will machine learning disrupt?

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

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Ford acquires Autonomic to double down on mobility services(BETAKIT)

Autonomic CEO Sunny Madra will join Ford to run Ford X.

Data analytics startup Sumo Logic raises $75 million as it eyes IPO(VENTUREBEAT)

Sumo Logic, which helps business users analyze log files, is looking to the company is looking to improve its AI capabilities, along with its ability to support Internet of Things uses.

Tigera raises $10M to help enterprises secure their cloud native applications(TECHCRUNCH)

Tigera, which offers these enterprises a solution for secure application connectivity based on its CNX platform, raised the funding from Madrona Venture Group.

With $3.5 million seed round, Vention launches platform that automates industrial design (BETAKIT)

Vention wants to democratize the process of building industrial parts.

Startup Rainforest QA raises $25 million to inject more AI into QA testing (FOBRES)

Rainforest QA, an on-demand software QA service, raised the funds from Silicon Valley Bank, Bessemer Venture Partners, Sutter Hill Capital, Rincon Ventures, and Initialized Capital.

Cloud application management startup Zylo nets $9.3M from Bessemer, Salesforce and Slack(SILICONANGLE)

The funding was led by Bessemer Venture Partners with participation from the investment arms of Salesforce and Slack.

ADP acquires workforce management software startup WorkMarket (TECHCRUNCH)

WorkMarket includes payment systems, management for extended employee networks, as well as a marketplace for piecing together a workforce that can fill the gaps for companies looking to operate outside of the traditional range that full-time employees might operate.

Sobeys plans to launch an online grocery platform to Canada (BETAKIT)

The platform will incorporate online grocery ordering, automated fulfillment, and home delivery.

How to identify a SaaS market that machine learning will disrupt (TOMTUNGUZ)

Whether it’s automating responses to inbound sales queries, identifying expense reports for audit, or surfacing anomalies in data, machine learning improves workflow software. Why? Because machine learning is focused on efficiency gains.

Snowflake raises $263.5 million for cloud data warehouse conquest (ZDNET)

Snowflake raised the Series E venture funding from ICONIQ Capital, Altimeter Capital, and Sequoia Capital. This move gives the cloud data warehouse provider the funding to expand and call its own timing to go public.

5 Kitchener-Waterloo tech companies to watch in 2018 (BETAKIT)

Here’s a roundup on the Waterloo Region companies set to make strides this year.


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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