The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.
Subscribe to S|W using the form at the bottom of this page to ensure you don’t miss out on the most important SaaS news every week!
Uber could face class-action lawsuit in Alberta for concealing cyberattack(BETAKIT)
A law firm’s case against Uber could turn into a class action lawsuit.
Canada’s SaaS ecosystem receives high marks from L-Spark report (ITBUSINESS)
The “State of SaaS 2017” report found found that Canada’s SaaS companies received Canadian investments worth $1.02 billion in the first three quarters of 2017 alone.
McAfee acquires cloud security startup Skyhigh Networks, last valued at $400M (TECHCRUNCH)
The deal is a sign of the ongoing trend for consolidation in the security industry, where smaller players are coming together under larger businesses to provide more security services under one roof.
Chefs Plate raises $10 million Series C (BETAKIT)
The company’s last round of funding was $6 million in September 2016.
Uptake raises $117 million to spot inefficiencies in industrial machinery (VENTUREBEAT)
The round was led by Baillie Gifford, a U.K.-based venture capital firm, with participation from Revolution Growth, which is led by AOL cofounder Steve Case.
App integration remains a hurdle in adopting SaaS technology(TECHTARGET)
The allure of SaaS architecture was to simplify IT and cut costs. The reality is on-premises silos often reappear in the cloud, requiring integration.
Affinio raises $11.4 million Series B (BETAKIT)
Round13 Capital joined the round as a new investor.
Amazon launches AWS Cloud9, a browser-based IDE for cloud developers (TECHCRUNCH)
Cloud9 allows for collaborative editing and it’s also deeply integrated into the AWS ecosystem. The tool comes with built-in support for languages like JavaScript, Python, PHP and others.
Will developers kill the cloud wars? (FORBES)
Is 2018 the year Amazon, Microsoft, and Google finally get serious about their cloud marketplaces? With the cloud wars as heated as ever, it’s hard to imagine a future like that today, but they’ll need to if they still want to be as relevant in coming decade.
Hockeystick acquires LaunchSpot to boost startup ecosystem data platform (BETAKIT)
Hockeystick is getting more interested in growth through acquisitions.