S|W: The SaaS Weekly – 1Password hits $250M ARR on the back of B2B growth
Plus: Cisco buys Splunk, Klaviyo shares soar post-IPO.
SaaS
As 1Password hits new revenue milestones, CEO Jeff Shiner touts B2B growth
B2B revenue growth has driven 1Password to $250 million ARR.
Secoda closes $19-million CAD Series A to scale its data management AI copilot
As prompts supplant search, US investors Craft Ventures and Abstract Ventures back Secoda’s new AI-powered tools.
GrowerIQ secures $1 million from Government of Canada to expand its cannabis-tracking system
FedDev Ontario funding follows GrowerIQ’s recent Barbados government contract.
Monark closes $1.5 million led by Storytime Capital to modernize leadership development
Former leadership-development consultants aim to engage leaders earlier and more continuously with tech.
S|W: The SaaS Weekly – Salesforce begins restoring headcount after slashing 10 percent of staff
Plus: Plurilock finds gains in selling safety, Databricks raises $500M.
SaaSquatch acquired by US-based partnership management platform Impact.com
Deal follows Impact.com’s recent purchase of another BC tech startup: Pressboard.
Paper cuts more staff in second round of layoffs since August
Another 87 “paperites” let go as EdTech startup aims for profitability.
Streamforge raises $1.6 million CAD to scale AI-driven influencer marketing
Montréal startup hopes seed round enables European, Asian expansion.
Ontopical closes $3.3 million seed extension to help companies navigate the local government procurement process
Rhino and Graphite Ventures-backed Ontopical mines public data for private sector clients using AI.
S|W: The SaaS Weekly – Canadian legaltech duo agrees to merge, SAP nabs LeanIX in $1B+ deal
Plus: David Sacks has a new SaaS startup for other SaaS startups.
As enterprises dip their toes into generative AI, Plurilock finds gains in selling safety
Regulatory changes are putting greater pressure on compliance, says CEO Ian Paterson.
Space-tech startup Mission Control shoots for the Moon (and Mars) with funding from GreenSky
Mission Control’s customers have included the Canadian Space Agency, NASA, and MDA.
Meet the Y Combinator Summer 2023 cohort startups with Canadian connections
Participants include Decoda Health, Greenlite, LifestyleRX, Spine AI, Tempo Labs, Terminal, and VaultPay.
S|W: The SaaS Weekly – Rubrik aims for IPO, SentinelOne is not for sale
Plus: Replicon is acquired by US-based Deltek.