Stay updated on the latest SaaS news, MoveInSync raises $15M for employee commute solutions, Metronome gets $43M for usage-based billing, Nile secures $11.6M for serverless Postgres. Adaptive Shield partners with Netpoleon to boost SaaS security in Australia and New Zealand.
Key Takeaways
- MoveInSync Raises $15M in Series C Funding
- Metronome Raises $43M in Series B Funding
- Nile Raised $11.6M in Seed Funding
- Netpoleon and Adaptive Shield Collaborate for SaaS App Security in Australia and New Zealand
MoveInSync Raises $15M in Series C Funding
SaaS company MoveInSync has secured $15 million in Series C funding led by Bessemer Venture Partners. The funding will be utilized to further expand MoveInSync One, their end-to-end employee commute solution for enterprises.
MoveInSync specializes in transportation organization, offering a robust transport management platform designed for efficient movement of people or goods. As the world’s largest employee commute platform, MoveInSync serves over 300 clients, including 70 Fortune 500 companies spanning 37 countries.
(Image Source: MoveInSync)
Metronome Raises $43M in Series B Funding
Metronome, a usage-based billing provider for SaaS companies, has secured over $43 million in Series B funding, led by NEA with strong participation from both a16z and General Catalyst. This funding infusion aims to enhance and streamline the process of usage-based billing for SaaS companies. Hilarie Koplow-McAdams, former President of New Relic and Salesforce, as well as a seasoned public company board member, has joined their board. This latest funding infusion brings the total raised by the company to an impressive sum of over $78 million.
Nile Raised $11.6M in Seed Funding
Nile has raised $11.6 million in seed funding led by Benchmark to build serverless Postgres for modern Software-as-a-Service.
Nile is a serverless Postgres designed for modern SaaS applications, catering to B2B and B2C SaaS models. It virtualizes tenants, offering native data isolation, performance separation, per-tenant backups, and flexible global placement on shared or dedicated computing for latency or compliance. With Nile, manage multiple tenants seamlessly within a single Postgres instance, eliminating the need for complex permissions and backup scripts. Additional features include opt-in user management, customer-specific vector embeddings, and instant tenant admin dashboards. Built for the cloud, Nile’s Postgres ensures effortless scaling, cost efficiency, and a true serverless experience.
(Image Source: Nile)
Netpoleon and Adaptive Shield Collaborate for SaaS App Security in Australia and New Zealand
SaaS Security company Adaptive Shield has partnered with Value-added security solutions distributor – Netpoleon. This collaboration aims to help businesses in Australia and New Zealand safely expand their use of Software-as-a-Service applications. Teaming up with Netpoleon ANZ will address the growing need for Software-as-a-Service Security Posture Management (SSPM) solutions, as businesses increase their spending on cybersecurity in response to a rise in SaaS data breaches in the region over the past year.
