The SaaS News Roundup

Jscrambler has announced the completion of a $15M Series A funding round led by Ace Capital Ventures. The funds will be used to augment marketing and sales resources in the United States and Europe and strengthen and accelerate the product roadmap. 

DataDome, a SaaS bot protection solution for e-commerce and classifieds businesses, has released an updated version of its product. This improved solution gives businesses even more specific, actionable insight into the threats they face.    

Huobi Technology Holdings Limited (Huobi Tech) has announced the signing of a Memorandum of Understanding (MOU) with the DIAE. Both parties intend to pool their resources and enter into definitive agreements regarding the potential business collaboration contemplated by the MOU.

VETRO Inc joins hands with Tilson to leverage its broadband intelligence platform and Tilson’s consulting expertise to provide integrated support for infrastructure grants management and mapping services.

Clearhaven Partners closes an oversubscribed debut private equity fund, Clearhaven Fund I, to invest in software and technology companies and focus on the lower middle-order market software and technology inputs.

Quantifind has joined forces with Matrix-IFS. Quantifind’s Graphyte platform complements Matrix-IFS’ comprehensive KYC/CDD/EDD, transaction monitoring, sanctions screening, and case management services with best-in-class risk assessment and entity resolution accuracy.

Bigeye raised $45M in Series B to scale its data observability platform, continue building its product, trust and save expensive engineering hours by assisting data teams in preventing customer-centric outages.

Ocrolus raises $80M in Series C at $500M valuation. It said it would use the proceeds from the funding to aggressively build products for the mortgage lending and banking industries, expand its US operations, ramp up hiring into 2022

Panorays, a provider of third-party security risk management, announced a $42 million Series B funding round led by Greenfield Partners. The investment will help the company strengthen its position as the global benchmark for transforming third-party security risk management.

Sternum, an endpoint security builder for IoT devices, raised $27 million in a Series B funding round led by Spark Capital to bolster its research and development and advance its scalable platform.

Pronto, a partner ecosystem management company, has announced a $4 million seed funding round led by Work-Bench. Pronto will use this investment to expand its team and accelerate the delivery of its product roadmap and innovation.

Progress, a global software company, has announced that it has entered a definitive agreement to acquire Kemp, a provider of always-on application experience (AX) for its customers, in a $258 million all-cash deal. Progress is a global software company that makes it easier to develop, deploy, and manage business applications.

Content automation company Turtl raised $17M in Series A funding from Octopus Ventures to expand its team and double its headcount. This Series A funding is Turtl's first institutional raise and stated that with this, the startup would double its headcount using the proceeds from the fund.

Osano raises $11M in funding from Jump Capital to support its international expansion and hire for sales marketing and engineering. It witnessed significant growth and has over 10 percent of the Fortune 500 as paying customers.

Genially raised $20M in a Series B funding round led by 645 Ventures and Owl Ventures to accelerate its global content aspirations and focus on growing its community alongside the constant evolution of its product.

SaaS companies Molecule Software and Fidectus team-up. Molecule Software stated that the partnership is aimed at developing the integration between the two software platforms, which would be available in the first half of 2022.

Sinch, a cloud communication company, recently announced the acquisition of MessengerPeople. Sinch will pay a total enterprise value of $ 56.2 million, consisting of $ 39.4 million in cash and $ 16.8 million in new Sinch shares.

Freshworks, a provider of SaaS customer engagement solutions, debuted on the Nasdaq on Wednesday after a billion-dollar IPO. Freshworks stock increased by 32% after the company raised $1 billion in an IPO priced above the marketed range.  

Lio, a SaaS startup, received $5M in seed funding from Lightspeed India Partners and Sequoia Capital India. The funds will be used to hire more engineers and increase the number of users of the company's mobile app.

Pentathlon Ventures, a venture capital firm focused on early-stage B2B SaaS, has announced the final close of its INR 76 crore first Fund. Pentathlon plans to invest in 20+ B2B SaaS startups each year, with average investments ranging from INR 75 lakh to INR 3 crore.

Data integration software Fivetran acquires data replication technology HVR. Customers of Fivetran now have access to a broader set of high-performance data replication solutions, including HVR’s change data capture connectors. Fivetran also raised a funding round of $565M.

Business Canvas, the company document management SaaS behind Typed, has announced a $2.5M seed round led by Mirae Asset Venture Investment. The seed funding will be used to speed up product development and the global open beta launch of its AI-powered document management platform.

Salesforce has announced new Slack features just a few months after announcing integrations with Sales Cloud, Service Cloud, Marketing Cloud, and Tableau. According to the company, the features are intended to “build a digital HQ” at enterprises that are embracing hybrid work.

Salesforce has declared a significant victory in the fight against global climate change. Utilizing 100 percent renewable energy and purchasing carbon offsets has effectively achieved Net Zero energy usage across its value chain.

project44 acquires customer experience provider Convey for $255M to become a definitive global leader in modern digital supply chain technology. It said that the new AI capabilities from Convey would improve collaboration, bolster workflow automation and defend against business disruption with end-to-end visibility and predictive order intelligence.

Mirakl raised $555M in Series E funding from Silver Lake to accelerate the growth of leading enterprises and online marketplaces. The company said it targets hiring 350 engineers, growing its team to 500 by 2023, expanding its geographic reach, with a dual focus on growing its Paris and Boston headquarters.

Package management SaaS provider Cloudsmith raised $15M in Series A from Tiger Global and others to grow its team, deliver on its product roadmap and continue expanding into international markets.

DeepFactor raises $15M in Series A from Insight partners and others to continue developing its AppSec observability platform, automatically observing billions of live telemetry events to detach anomalies without making code changes.

Blackbird.AI, an AI-powered platform that combats disinformation, raised $10 million in a Series A funding round led by Dorilton Ventures to support hiring, scale-up engineering and sales teams.

Wipro has launched Wipro-Google Cloud Innovation Arena with a partnership with Google Cloud. This collaboration will aid in in-residence technical information, assist in seamlessly adapting to the cloud, and enhance innovation.

F5, a cloud edge security software, has acquired the cloud security monitoring software Threat Stack for $68M. F5’s application and API protection solutions combined with Threat Stack’s cloud security capabilities can enhance visibility across the application infrastructure.

Indeni, a security infrastructure automation company, has announced that it has partnered with TD SYNNEX. With the addition of Indeni to its portfolio, SYNNEX will be able to provide even more comprehensive solutions to its customers

Flippa, a global online marketplace for buying and selling online businesses and digital assets, has raised $11M in Series A funding. The funds will be used to enhance the functionality of Flippa’s platform products and scale the company’s industry-leading business valuation tool.

Check joins hands with Procare Solutions to improve how childcare centers carry out their payroll operations. The partnership is aimed at enabling Procare to integrate payroll capabilities into its platform fully.

FloBiz, a neobank builder for small and medium-sized businesses (SMB), raised $35 million in a Series B funding round co-led by Sequoia Capital India and Think Investments to expand its team, develop its product and scale its distribution.

Atlanta AI raises $15M in a Series A funding round led by GV to develop its AI systems and launch machine learning, network analytics tools. Its platform connects with numerous supply chain data points and answers questions about products, shipments, companies and networks, filtering out illicit trade, targeting bad actors and security threats across global commerce networks

RateGain Technologies, a company offering solutions for the hospitality and travel industry, recently launched Demand.AI, a SaaS solution leveraging AI to help businesses track hyper-local city demand

Explorium launches Explorium Starters to help businesses start analytics programs from scratch, enable small and medium-sized businesses, looking to enter new markets or territories to identify their audiences, pilot new analytics programs   

CDNetworks, a content delivery network (CDN) provider, has announced the official release of its new live-streaming technology called Cloud Live. It’s made to provide a smooth streaming experience while also making video streaming professional and efficient. 

Kolide, a user-centric endpoint security system, has raised $17M in a Series B round to help with its go-to-market strategy and hiring more engineers and developers. Kolide presently manages 250 customers, thousands of users, and 23,000 devices with an eight-person staff.

eShipz raised $700K in funding led by Indian Angel Network. The company provides shipping automation in the B2B segment and helps companies manage orders from multiple sources, via numerous courier companies using an integrated dashboard.

Mirantis launches Mirantis Flow to integrate numerous open-source technologies flexibly and package them as subscription services. It can also utilize existing computing hardware and includes Mirantis Container Cloud for providing deployment and lifecycle management of Kubernetes clusters across different infrastructure platforms.

Ketch, a data control platform that manages compliance, raised an additional $20 million to its Series A funding round that closed in March this year, where it came out of stealth. This extension, AI funding, was led by Acrew Capital.

Aircover, a sales tools and intelligence platform for in-person meetings, has raised $3M in a seed round to fund product development. Aircover’s conversational AI platform integrates with Zoom and automates parts of the sales process, resulting in more successful conversations.