Augment

Limelight Networks Inc., a provider of content delivery services, has completed its acquisition of Layer0. The acquisition will help clients use the edge platform to sample content and install apps without compromising security.

Data Center Inc. (DCI), a developer of core bank processing software, has announced a partnership with DataVisor, an AI-powered fraud detection startup. Because of the partnership, DCI’s customer community banks will benefit from real-time fraud detection and prevention capabilities.

FMG Suite, a marketing and advertising SaaS provider, has announced the expansion of its strategic partnership with LPL Financial. LPL financial advisers may now submit email, social media, and website campaigns using FMG Suite’s all-in-one marketing platform.

Bidgely, an energy analytics business, has received $26 million in an oversubscribed fundraising round from Moore Strategic Ventures. Bidgely will use the funds to create customized solutions to suit India’s most critical utility needs.

Skello a French startup, has raised $47.3 million (€40 million) in a Series B funding round from Partech. Skello is working on a SaaS platform to help organizations manage their work schedules. At every level of the scheduling process, Skello keeps track of legal responsibilities.

Tyk an open-source API gateway and management platform, has raised $35 million in a Series B funding round from Scottish Equity Partners. The money will be utilized to hire more people and improve and expand the tools available to users.

strongDM, an infrastructure access platform, revealed a US$54 million increase in Series B fundraising round led by Tiger Global. Authentication, permission, networking, and observability are included in the strongDM platform itself.

The Netherlands-based startup Sendcloud stated that the Series C fundraising round of the Softbank Vision Fund 2 had raised $177M. With its long e-commerce technology suppliers, Sendcloud comprises Shopify, Magento, WooCommerce, and Amazement, with over 50 integrated distributors.   

Quolum launches a card called Quolum SaaS card to purchase and manage Saas subscriptions. According to the company, software visibility, invoice aggregation, and control are some of the card's characteristics.     

Matillion attained the unicorn status with a $150M Series E funding from General Atlantic at a valuation of $1.5B. The funding came on the heels of accelerated growth and Matillion’s Series D funding in 2021.

Constructor raised $55M in a Series A funding round. The funding came amid a record 23 percent revenue growth (YoY), with the annual recurring revenue having more than tripled.

Rewind raised $65M in a Series B funding round led by Insight Partners to build its new backup solutions for SaaS and hire the talent required to get the products to market.

Pyxis One raises $17M in a Series B funding round to expand into new markets and double down on its product development. The company witnessed over 550 percent growth since its inception and has a customer base spread across retail, automotive, healthcare, finance and food tech.

Trustmary, a testimonial marketing platform, has raised $2.2 million in funding to support the company’s marketing and development teams, as well as market entry initiatives. Trustmary began as a global video testimonial service in 2016, but by 2020, it had evolved into a SaaS startup.

STORD a cloud supply chain services provider, has announced that it has raised $90M in a Series D round from Kleiner Perkins at a valuation of $1.125B and has turned unicorn. Other than the funding, it has announced its acquisition of FulfillmentWorks in an undisclosed deal.

PassFort, a turnkey compliance solution, has announced that it has raised $16.2M in a Series A funding round led by Level Equity. Other participants include OpenOcean, Episode 1, Entrepreneur First, and Shard Credit Partners.

Prosperity7 Ventures led a $23.7 million Series A funding round for StreamNative, a real-time data streaming platform. Pulsar plans to use the funds to hire more people, speed up its R&D efforts, and expand its capacity to solve new use cases.

Satori raised $20M in Series A funding to fuel its research and development processes and accelerate go-to-market strategies and expansion in the US and accelerate the adoption of cloud data platforms with DataSecOps.

Strike Graph raised $8M in Series A from Information Venture Partners and others to drive global expansion and expand its offerings to support other customer third-party frameworks and establish a global presence in areas like Canada, and ramp up hiring for engineering, marketing and product roles.

Deep Vision, Inc. has raised $35M in a Series B funding round led by Tiger Global to accelerate product innovation. It expects to grow from its current headcount of 57 to 75 by the end of 2021 and plans to begin the sampling of ARA-2 in 2022.

SkyKick raises $130M in a debt financing round to fuel its platform innovation and help meet IT Service Providers’ demand for cloud automation solutions and accelerate cloud automation across the globe.

R3 Score has entered a partnership with Baltimore Development Corporation (BDC), enabling the BDC to extend its commitment to Baltimore’s lending ecosystem using R3 Holdings’ SaaS technology.

ALLO Communications has announced the launch of a 10 Gigabit fiber-to-the-premises project valued at $50M in Lake Havasu City, Arizona. After finalizing the remaining city agreements, ALLO hopes to begin construction in Lake Havasu in the following months.

Freshworks, a SaaS customer interaction solutions provider, is planning an initial public offering (IPO) in the United States that could raise $912 million. Freshworks claims to have over 52,000 customers and generated $308 million in revenue last year, a 40% increase despite a $10 million net loss.

BitSight will acquire VisibleRisk, a Moody’s and Team8 cyber risk ratings joint venture, and Moody’s will invest $250 million in BitSight. BitSight’s ability to analyze and evaluate a company’s financial exposure to cyber risk has been enhanced by the purchase of VisibleRisk.

SpotOn, a provider of integrated software and payment solutions, has raised $300 million in Series E fundraising, valuing the firm at $3.15 billion. SpotOn will be able to quickly expand its presence in the middle market due to the acquisition.

JFrog acquires Upswift to provide a single pane of glass for DevOps engineers and developers to securely manage the complete device software release cycle, reduce the deployment time and operational pain.

Cloud directory platform JumpCloud raised $159M in Series F at a valuation of $2.56B from Sapphire Ventures and others. It came at a time of rapid growth, fueled by its cloud directory and delivery of innovations that expand the number of use cases of IT and other teams.

Copado, a development and operations (DevOps) platform that enables digital transformation on Salesforce and SaaS clouds, attained the unicorn status, raising $140 million in Series C from Insight Partners at a valuation of approximately $1.2 billion to expand its end-to-end DevOps solution.

Tenable enters a definitive agreement with Accurics to acquire the latter for $160M in cash. Accurics’ solutions will integrate with Tenable.io® Container Security and Tenable.io Web Application Scanning and extend Tenable’s broader cloud strategy.

LevaData raises $47M in a Series C funding round. It plans to invest in improving its integrated platform capabilities, strive towards a deeper physical presence in key global markets and enable the creation of new jobs.

EverAfter, a no-code collaborative platform, has announced that it has raised $13 million in a seed funding round co-led by TLV Partners and Vertex Ventures. Other participants include angel investors Benny Shneider, Zohar Gilon, and Amit Gilon. 

Guggenheim Investments led a $30M Series A financing for cloud workload protection platform Rezilion. The funds will be used to accelerate Rezilion's go-to-market strategy, including collaboration with other DevSecOps solution providers.

Fin, a work insights platform, has announced a $20M Series A funding round led by Coatue to accelerate its expansion into new countries by investing in sales, marketing, and R&D. Fin employs technology to evaluate critical staff workflows and find more efficient ways for operations teams to work.

Freight Tiger, a SaaS-based digital freight network provider, raised $6.5 million from Florintree Infra with participation from Aroa Ventures, the Family office fund of OYO Founder Ritesh Agarwal.

Accruit launches the SaaS version of its Exchange Manager Pro(SM) software to simplify and centralize the administrative functions and challenges of processing 1031 exchanges.

Amagi Media Labs, a cloud-based SaaS technology startup specializing in broadcast and connected TV, has raised more than $100 million in funding. With distribution in 40 countries across cable, connected TV, and OTT, Amagi has grown to become one of the world’s largest cloud deployment partners.

Novi Connect, a B2B marketplace that helps firms create and manufacture transparent products, has raised $10.3 million in funding. Novi is a data-rich marketplace for transparent sourcing and purchase of ingredients, fragrances, and packaging.

Delaget has teamed up with Payactiv, a financial wellness software company. Payactiv and other Delaget partners provide Easy-to-use interfaces to restaurant partners. Delaget’s API Partnerships offer access to over 100,000 restaurants, eliminating the need for costly, one-time data integrations. 

Mavenick Consulting, KlearStack’s parent business, has announced a strategic funding round. Intelligent Document Processing (IDP), a KlearStack SaaS platform, delivers AI-driven solutions for processing data from documents and images.

Unanet, a SaaS-project-based enterprise resource planning (ERP) and Customer Relationship Management (CRM) provider, has announced its partnership with OpenAsset, a project-based digital asset management solution for Architecture, Engineering, and Construction industries (AEC), to expand its Unanet Connect platform’s integration capabilities.

Graphy recently launched a $14M Graphy Grant for highly ambitious creators looking to establish their learning communities. Graphy provides a single all-in-one platform to cater to the needs of creators who aspire to grow their audience and monetize their skills.

Supabase, a developers’ suite creator for repetitive workflows, raised $30 million in a Series A funding round led by Coatue with participation from angel investors.

Snyk raised $530M in a Series F round, which valued the company at $8.5B. The company would use the proceeds to fuel its product innovation and development and introduce enhancements to its developer security platform, workflow integrations and improved functionality alongside new features.

Affinity raised $80M in a Series C funding round led by Menlo Ventures and others to expand its sales and marketing reach into sectors such as investment banking, private equity, real estate and professional services like accounting, management consulting and law firms.

SingleStore raises $80M in Series F to innovate and expand its footprint and team to offer customers more resources and a better choice. The company revealed a 150 percent increase in cloud revenue and a 300 percent growth in customer acquisitions for its cloud service.

Zeotap, a SaaS customer intelligence platform, announced a second extension of $11 million to its Series C funding, where it received $18.5 million from SignalFire in the first extension last year. The new extension involved the backing of Liberty Global Ventures.

myCOI raised $5M in debt financing from SaaS Capital, a provider of growth debt for B2B SaaS companies. The proceeds would be used to continue innovation, improve customer experience and hire primarily for sales, marketing, product and development departments.

ThinkIQ, a digital manufacturing transformation SaaS, has announced the launch of the Alliance Partner Program to assist customers in getting the most out of their strategic technology investments with the firm.

PolyAI, a conversational AI company, raised $14 million in a Series B funding round led by Khosla Ventures. PolyAI, according to the company, creates and installs voice assistants for customer service automation that sound like actual people.

TrueFort, a company that safeguards zero-trust apps, has secured $30 million in a Series B investment led by Shasta Ventures. The funds will be used to improve company-wide recruiting, go-to-market operations, and a variety of R&D projects.

Duda, a professional web development platform for SaaS enterprises and digital agencies, has acquired Snipcart. Duda intends to put a lot of money into expanding the team and improving the basic Snipcart platform’s capabilities and features.

To further its vision for hybrid work environments, Google announced a series of innovations in the Google Workspace to help employees collaborate equally regardless of location, device preferences, role or language, a press release from Google said. The updates on the G Suite include a rollout of Spaces in the Google Chat for all users, in addition to new meeting enhancements and conferencing hardware for organizations to bridge the gap while navigating hybrid work environments.

Sumo Logic, a log management and analytics provider, and IBM announced the availability of Sumo Logic’s continuous intelligence platform on the open cloud Red Hat Marketplace to help companies running on the Red Hat OpenShift platform achieve insights into their cloud and hybrid infrastructure.

Hi there, and welcome to the SaaS news round up by SaaS Industry. My name is Thomas, and I'll be sharing with you the latest from the SaaS world.

Microsoft announced that it acquired Clipchamp, an in-browser video creation startup founded in Brisbane, Australia. While the terms of the deal weren’t disclosed, Chris Pratley, CVP of Microsoft’s office media group, said that the purchase would enable Microsoft to incorporate Clipchamp’s technology with Windows.

Virtual meeting platform called Vowel has announced that it raised $13.5 million in a series A round led by Lobby Capital. During the pandemic, videoconferencing saw a 535% rise in daily traffic. The virtual meeting software market is expected to reach $41.58 billion by 2027. The fund will be put toward product development and expanding the size of Vowel’s team. 

DigitalOcean, a cloud infrastructure company has announced the acquisition of Nimbella, a three-year-old startup which simplifies multicloud serverless software development. DigitalOcean, best known for its infrastructure-as-a-service platform, that helps software developers deploy and scale applications across multiple cloud servers. With the acquisition, DigitalOcean will be able complement its current PaaS and IaaS offerings with Nimbella’s serverless compute tools.

Leading web accessibility company UserWay has brought its AI Powered Accessibility Widget to the Duda app store. The Addition of the UserWay AI widget, will enhance the professional website building platform, by altering any website to make it accessible and ADA compliant. This is done by modifying both elements on the site and any inaccessible code that would otherwise limit visitors with disabilities. This creates a more user-friendly experience for the one billion people living with disabilities worldwide.

IBM has announced the new IBM Power E1080 server, designed specifically for hybrid cloud environments. First in a new series of servers based on the new IBM Power 10 processor, the Power E1080 is engineered to be one of the most secured server platforms and is designed to help clients operate a secured, frictionless hybrid cloud experience across their entire IT infrastructure.

Flipspaces, a technology-enabled interior designer for office spaces, has announced a fund raise of $2 million. The funding was led by former IIFL AMC CEO Prashasta Seth. The capital will be used to grow the US business, where the Mumbai-based startup claims to have seen 25X growth and expand its newly launched software-as-a-service vertical.

RainFocus, the next-generation enterprise event marketing platform, today announced that it has closed its Series C funding round led by KKR, a leading global investment firm. RainFocus provides a premier end-to-end solution for setting up, running, and promoting events. 

“Indonesia-only” investment firm Intudo Ventures, closed its third fund, totaling $115 million. Intudo intends to invest in about 12 to 14 startups, in sectors like agriculture, B2B and enterprise, education, finance and insurance, healthcare and logistics. Initial check sizes will range from $1 million to $10 million.

Seqera Labs, a Barcelona-based data orchestration and workflow platform, has raised $5.5 million in seed funding. The company’s technology treats each source of data across different clouds, without that data ever leaving the boundaries of the infrastructure where it already exists.