This Week In The SaaS Universe- Updates & Highlights With spotSaaS Weekly Roundup
Latest Funding News
Britive Raises $20.5 Million in Funding
| Company Name | Britive |
|---|---|
| About The Company | Cloud-native security solution called Britive was created for the most demanding cloud-forward businesses. The Britive platform provides dynamic and intelligent privileged access administration solutions for multi-cloud settings, empowering teams in the cloud infrastructure, DevOps, and security domains. |
| Founders’ Name | Art Poghosyan, Alex Gudanis, and Sameer Hiremath |
| Funds Raised | $20.5 million |
| Investors | Pelion Venture Partners, Liberty Global Ventures and insiders Crosslink Capital and One Way Ventures |
| How will the company use the money | This financing will be utilized to support the company’s dynamic and intelligent privileged access management platform’s explosive customer expansion and rising interest. |
Toku Raises $7.15 Million in Seed Round
| Company Name | Toku |
|---|---|
| About The Company | Toku is on a mission to transform how businesses receive payments in South America. The business is transforming the way subscription businesses manage their collections by offering intelligent payment optimization software that addresses the issue of manual and ineffective collection in Latin America. |
| Founders’ Name | Thomas Laboulle & Thomas Laboulle |
| Funds Raised | $7.15 Million |
| Investors | FundersClub, Clocktower, and Angel Investors Matías Muchnik (NotCo), Sebastián Kreis (Xepelin), Santiago Lira (Buk), and Daniel Guajardo (HealthAtom) |
| How will the company use the money | With the new funding, Toku moves one step forward towards serving 50,000 companies throughout Latin America and reaching over 100 million final consumers. |
AssetFloow Raised €1.5 Million in Funding
| Company Name | AssetFloow |
|---|---|
| About The Company | Retailers can purchase sensorless behavioral AI software from AssetFloow, a SaaS company with AI at its core. Its end-to-end platform, which includes merchandising and customer information, is made to assist retailers in growing their sales. |
| Founders’ Name | Katya Ivanova and Ricardo Santos. |
| Funds Raised | €1.5 Million |
| Investors | GED Ventures |
| How will the company use the money | Increase the size of its Portuguese R&D team thrice, hasten global growth in South America and Europe, and strengthened its position in the behavioral analytics industry. |
Mergers & Acquisitions
Cuadrilla-Backed Chartbeat Purchases Lineup and Tubular
Lineup Systems, an advertising and subscription revenue management software platform, and Tubular Labs, a social video measurement and intelligence software platform, have been acquired by Chartbeat, a leading content analytics software platform backed by Cuadrilla Capital, LLC (“Cuadrilla”), a leading enterprise software investment firm.
Cyara Acquires Spearline to Deliver World’s Most Comprehensive Customer Experience Assurance Platform
Today, Cyara, the pioneer and market leader in the Customer Experience (CX) Assurance space, announced the acquisition of Ireland-based Spearline, a leader in international communication testing. The capabilities for WebRTC testing and monitoring as well as international in-country dialing are greatly increased by this.
Thurston Group-Backed ARC Health Purchases WCG
ARC Health, a Thurston Group portfolio company, has announced the acquisition of Wellington Counseling Group (WCG), a multi-specialty psychotherapy provider group with two locations in the Chicago metropolitan area and a third opening in June.
SaaS News Of The Week
KinderSystems Speeds Innovation of SaaS for Publicly Funded Child Care Industry with Octopus Deploy Universal Deployment Automation Solution
The universal deployment automation firm, Octopus Deploy, recently disclosed the outcomes KinderSystems experienced when collaborating with Octopus.
Over 23,000 techies lose jobs in nearly 82 Indian startups to date
More than 23,000 people have been let go by at least 82 businesses in India, and the number is only expanding as layoffs escalate amid recessionary fears, according to the media.
Listen To The Podcast 🔊
5 Shocking Ways Your Team Is Putting Your SaaS at Risk
In this episode Dan Martell is discussing five essential steps that businesses should take in order to better protect their data and accounts from unauthorized access. From gathering logins for systems, to using strong authentication processes – Dan Martell shows you how to give your team access without leaving yourself exposed.
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Future of SaaS: Create a better CX with Product-Led Growth!
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Leading Startup Strangeworks Raises A Huge $24 Million in Series A Funding
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