Legaltech scaleup Athennian navigates growing pains with layoffs, leadership changes
Athennian CEO says changes part of company “preparing for its next level of scale.”
SaaS
Cybersecurity startup Field Effect on the hunt for acquisitions following $30-million CAD debt facility from Scotiabank
The average cost of data breaches in Canada rose to $5.64 million in 2022.
S|W: The SaaS Weekly – Only one Canadian company made Bessemer’s Cloud 100 list
Plus: Canadian SaaS companies have acquisition fever.
Salesforce, Radian6 veteran Chris Ramsey named CEO of criminal-intelligence startup Cybercheck
Radian6 sold to Salesforce for $436.9 million CAD during Ramsey’s time there.
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.
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.