S|W: The SaaS Weekly – Meta cuts Responsible Innovation team as Instagram fined €405 million for mishandling teen data
Plus: Netflix Hunts for Cost Cuts, From Cloud Computing to Corporate Swag.
SaaS
Bright secures $1.45 million from Atlantic Canadian investors to bolster its “wellness-at-work” platform
Bright was initially named Cribcut and provided at-office haircuts and beauty services.
D2L increases revenues as it tries to buck market downturn
Despite increases, CEO says growth slower than expected.
Network software startup Kaloom secures $27.4 million CAD from Québec government, Alternative Capital Group
Kaloom plans to expand in Japan, recently registering its business in the country.
Led by ex-Vidyard employees, HyperComply wants to get rid of security questionnaires
After closing $6.4 million USD in January, HyperComply launched a product to automate due diligence.
Meet the five Canadian startups participating in Y Combinator’s Summer 2022 Demo Day
Smallest #CDNtech group since Winter 2019 features four Toronto companies and one from Edmonton.
S|W: The SaaS Weekly – 1Password shuffles C-suite as Snap lays off 20% of employees
Plus: Snap lays off 20% of employees.
Adam Nanjee departs Microsoft for Startups to lead venture capital in Canada for Amazon Web Services
Nanjee previously led the launch of Microsoft for Startups in Canada.
Supply chain analytics SaaS startup Lytica secures over $13 million in Series A round
Lytica uses AI to help companies reduce costs and mitigate risks in their supply chain.
Essential Accessibility merges with Level Access to combine accessibility solutions
The combined firm will be based in the US, retaining offices in Toronto and Argentina.
SAAS NORTH unveils speaker lineup for 2022 conference
Presenters include executives from Shopify, Unbounce, Hootsuite, Wattpad.
Google selects Canadian startups Node, Beam.city, HumanSquad for third Black Founders accelerator
All three startups hail from Toronto and have worked with the DMZ.
LumiQ raises $5 million to expand CPA training podcast platform to US
LumiQ aims to build on “tremendous” pandemic growth since pivot to podcasts.
S|W: The SaaS Weekly – OpenText has a Micro Focus
Plus: Vendasta, Q4 make layoffs.
Plurilock completes acquisition of assets from India-based CloudCodes
CloudCodes marks another addition to Plurilock’s rapidly growing portfolio.