This Week In The SaaS Universe- Updates & Highlights With spotSaaS Weekly Roundup
Latest Funding News
EvolutionIQ Raises $7 Million
| Company Name | EvolutionIQ |
|---|---|
| About The Company | EvolutionIQ is a provider of claims guidance software. Using advanced, proprietary machine learning and natural language processing, the claims guidance platform actively monitors complex bodily injury claims. |
| Founders’ Name | Michael Saltzman, Tomas Vykruta |
| Funds Raised | $7 Million |
| Investors | Brewer Lane Ventures, First Round Capital, FirstMark Capital, and Foundation Capital, and joined by Principal Financial Group. |
| How will the company use the money | The funding will be used to continue to expand the company’s engineering, data science, product, and customer success teams and to expand internationally. |
AssistIQ Raises $2.5 CAD Million
| Company Name | AssistIQ |
|---|---|
| About The Company | AssistIQ is a software company that leverages data and AI to assist hospitals and their partners in reducing medical supply waste, costs, and carbon footprint. |
| Founders’ Name | Lisa Israelovitch, Mundeep Minhas, Thierry Wong, Dr. Moishe Liberman |
| Funds Raised | $2.5 CAD Million |
| Investors | StandUp Ventures, N49P, The Kale Fund, Kerry Liu, and an investor at Horizon Ventures. |
| How will the company use the money | AssistIQ plans to use the new funding for product development and expansion into new hospitals. |
Indent Raises $8.1 Million
| Company Name | Indent |
|---|---|
| About The Company | Indent is a provider of a video review service platform. The solutions provided are a video review platform that produces purchase reviews from buyers and review management software solutions. |
| Founders’ Name | Morgan Yoon |
| Funds Raised | $8.1 Million |
| Investors | SV Investment, LG Uplus, Korea Investment Partners, and Crit Ventures |
| How will the company use the money | The new funding will be used towards product development. |
GetWork raises Rs 7 crore
| Company Name | GetWork |
|---|---|
| About The Company | GetWork helps you to manage your job applications like a pro. Now you can see, save & share jobs & internships you have applied for in one place. |
| Founders’ Name | Rahul Veerwal and Sumit Gupta |
| Funds Raised | ₹7 Crores |
| Investors | Samarthya Investment Advisors, NVS Wealth Managers, Artha Venture Fund, Pravin Agarwala, Shuchi Kothari, and Saurabh Garg. |
| How will the company use the money | The new funding will help the business scale pan-India. |
Mergers & Acquisitions
VMware SaaS Revenue Grows as Broadcom Software Revenue Stays Put
According to quarterly earnings from VMware and Broadcom, the former is expanding its software business at a good rate while the latter, which is a potential buyer.
VMware and Broadcom released their profits a day apart as they wait for regulatory permission for their $61 billion acquisition.
Zscaler Acquiring Canonic Security for SaaS Supply Chain Security
Zscaler, a provider of cloud security services, is buying Canonic Security, an Israeli firm that makes SaaS application security platforms. It seeks to reduce the rising risks of SaaS supply chain threats for businesses.
SaaS News Of The Week
Enterprise SaaS companies continue to navigate a complex economic environment
It has been difficult for businesses who provide enterprise SaaS. When offices were closed and workers migrated in large numbers to work from home due to the pandemic, these organizations reaped the benefits of expansion and revenues. However, their numbers decreased when the economy improved last year and more individuals went back to work.
Four steps SMBs can take to close SaaS security gaps
Here are four steps an SMB can take to close the security gaps in using SaaS applications:
- Understand the shared responsibility model for cloud security for your SaaS apps
- Monitor SaaS application configurations and integrations
- Understand the shared responsibility model between you and your managed services provider
- Integrate all SaaS security telemetry with your security operations center monitoring tools and security information and event management platform
Listen To The Podcast 🔊
SaaS, Blockchain & Your Personal Data – with Nick Macario
Co-founder and CEO of Dock.io, a service that enables you to manage your information on the internet, is Nick Macario.
-Learn how Dock is using blockchain technology to empower users to regain control over their personal data in this episode.
-You’ll also discover the straightforward method Nick utilized to scale Dock and numerous other B2C firms to millions of consumers.
-You’ll hear how Nick learned the value of user and customer retention from one of his prior startups.
Watch This SaaS Video 📸
7 NEW SaaS Ideas You Can Steal 👤💰
Must Read
How Chinese SaaS Firms Survive Globalization
Chinese businesses must be able to identify their unique strengths, as well as their identity and target market, in order to compete successfully in the global marketplace.
Latest Asigra platform targets SaaS backup for MSPs
The upcoming SaaSBackup platform from Asigra enables SaaS backups to be protected by Asigra’s data protection technologies. In a new market, MSPs will be able to sell SDK connections.
