1Password only Canadian company to crack Bessemer, Salesforce Ventures’ 2023 Cloud 100 list
OpenAI takes number one spot in list of top 100 private cloud firms.
SaaS
EventMobi acquires US-based virtual events platform Run The World
The deal comes as demand for virtual gatherings has fallen from pandemic highs.
S|W: The SaaS Weekly – Atlassian & Cloudflare score big, Zoom sends employees back into the office
Plus: Uber finally makes a profit.
Niricson closes $10-million Series A to monitor critical infrastructure using tech
Victoria startup’s solution has been tested at Toronto’s Pearson Airport and Saskatchewan’s Gardiner Dam.
AppDirect acquires ADCom’s network operations centre, monitoring platform to launch managed services suite
Canadian-founded, San Francisco-based AppDirect has a strong presence in Canada.
Canadian startup struggles continue as Silofit closes up shop, Top Hat and Fable cut staff
Trio joins growing list of Canadian tech firms that have restructured or ceased operating during the downturn.
S|W: The SaaS Weekly – OpenText’s acquisition of Micro Focus spurs IP and patent questions
Plus: Solink secures $60 million to scale cloud-based video surveillance service.
Oil and gas-backed Climate Investment leads $12-million CAD round into SensorUp’s methane leak-detecting platform
Climate Investment is a specialist investor funded by OGCI, an organization of oil and gas CEOs.
Part3 serves North American construction mega-projects. With new funding, “the vision is bigger”
Toronto startup has secured $2.8 million, backing from Levelset founder to streamline construction admin.
Hopper to power travel portal for Brazilian digital banking giant Nubank
Hopper brought travel booking to Uber UK and is now targeting Nubank’s 80 million customers.
PasswordBox, Intel alums build enterprise low-code tool for natural language models
HumanFirst’s backers include Panache, Inovia, and Real Ventures.
Solink secures $60-million USD Series C and backing from Goldman Sachs to become cloud video surveillance leader
As the security market shifts to cloud, Solink looks to scale.
S|W: The SaaS Weekly – What is Reddit CEO Steve Huffman doing?
Plus: Constellation Software acquires Optimal Blue, Vitruvi acquired by Bow River Capital.
Ontario organizations secure nearly $20 million in federal funds to drive entrepreneurship, job creation
Funding is split between five companies and one business hub in Toronto, as well as one Ottawa-based firm.
Checkfront merges with Australia’s Rezdy to scale online tourism reservations
Both startups offer online booking platforms for tourism companies.