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Rubikloud now using Microsoft Azure to support retailers moving “terabytes” of data to the cloud(BETAKIT)
“We’re at the tipping point for machine learning applications for retailers, and the catalyst to this adoption is elastic cloud computing,” said Rubikloud CEO Kerry Liu.
“Hootsuite’s wide adoption and fast-paced growth is due in large part to the contributions of developers to our ecosystem,” said Matt Switzer, SVP of strategy and corporate development.
It’s not clear who will be leading the round but one name that has floated is IVP — the high-profile VC firm that has been a prominent backer of major tech brands like Snap and Twitter.
By 2018, SaaS solutions are set to represent 27% of the HR market, according to a report by tech research and consultancy firm ISG.
SaaS startup Autobix raises seed funding(VCCIRCLE)
Autobix, an auto dealership and workshop management platform, raised an undisclosed seed round from UK-based auto parts maker GardX International.
The company also announced that its customer base is expanding into Europe, Australia, and New Zealand.
SaaS data protection provider Spanning Cloud Apps has just been acquired by affiliates of Insight Venture Partners from Dell EMC.
US-based OnDeck partners with Lightspeed to give retailers and restaurants access to additional loans(BETAKIT)
OnDeck said it will provide Lightspeed’s users with up to $500,000 term loans and $100,000 lines of credit to scale their businesses.
The round was led by new private equity participants, and existing investor RB Investments.
Hockeystick and the Lazaridis Institute partner to build a central data hub for Canada’s startup ecosystem(BETAKIT)
The Canadian government is supporting Hockeystick’s data platform with up to $2.5 million in funding.
How to tell when a SaaS startup is ready for IPO(VENTUREBEAT)
Based on historical data, the “median SaaS company” at IPO is 10 years old with ~530 employees, generates nearly $100 million in run-rate revenue, grows at 48 percent, and still operates at a loss.
While there’s technically no limit to the number of metrics you can measure at once, to remain focused you’ll want to keep the count at ten or lower.