SaaS Weekly Roundup #35

Stay updated on the latest SaaS news. Planity raises $48 million in series C funding; AutoVRse raises $2 million in seed funding; Axlle Health raises $4.2 million in seed funding; Thryv Holdings reports strong SaaS growth; Google pauses Gemini AI image generation feature.

SaaS Funding News

Planity Raises $48 Million in Series C Funding

Planity, a French booking platform for the beauty industry, has secured €45 million ($48 million) in Series C funding. InfraVia Capital Partners led this round, with existing investors Crédit Mutuel Innovation, Revaia, and Bpifrance Digital Venture also participating.

The company aims to become the European leader in online booking for the beauty industry. This funding round will fuel their European expansion, bolster their teams with the recruitment of 300 additional employees, and enhance their product by integrating conversational AI.

(Image Credit: Planity)

AutoVRse Raises $2 Million in Seed Funding for Enhancing SaaS Product

VR/AR startup AutoVRse has successfully secured $2 million in seed funding, with Lumikai leading the round. Notable investors include Rajat Monga, the co-founder of TensorFlow and Inference.io, as well as Yash Kotak, the founder of Jumper.ai.

The company plans to utilize this capital infusion further to develop its foundational enterprise SaaS product, VRseBuilder. Besides, AutoVRse intends to intensify its expansion initiatives in the United States, broaden its product range, and augment its team size. 

SaaS Startup SocialCrowd Raises $1.6M in Pre-Seed Funding

(Image Credit: AutoVRse)

Axle Health Raises $4.2 Million in Seed Funding

Axle Health, scheduling and workforce management software for in-home care providers, has secured $4.2 million in seed funding, bringing its total raised to $4.4 million. The initial seed round was led by Pear VC, with an additional round of funding led by TRAC VC with participation from existing investors.

This new funding will be used to hire more software and machine learning engineers to improve their software platform.

(Image Credit: Axle Health)

More SaaS News of the Week

Thryv Holdings Reports Strong SaaS Growth in Q4 2023

Thryv Holdings Inc, a leading provider of business management software for small businesses, released its financial results for the fourth quarter and full year of 2023. They have reported a remarkable 25% year-over-year increase in SaaS revenue for Q4, reaching a total of $74.0 million. For the entire year of 2023, Thryv’s SaaS revenue has seen a notable increase of 21.9%, totaling $263.7 million.

(Image Credit: Thryv)

Google Pauses Gemini AI Image Generation Feature

Google announced it is pausing its Gemini AI image generation feature after it created inaccurate historical images. They plan to reintroduce an “enhanced” version soon.

Last week, Open AI launched Sora, its latest generative AI model capable of generating video content based on user-supplied text prompts.

Best AI Software 2023: 20 Artificial Intelligence Platforms

(Image Credit: Google )

Listen to the SaaS Postcast

How to Build Out Your SDR Function in 2024 with Sam Blond, Partner at Founders Fund and Host of SaaStr’s CRO Confidential

Sam Blond, Partner at Founders Fund and host of SaaStr’s CRO Confidential shares his advice for building the SDR function in 2024.

Watch SaaS Video

Get Rich With A.I. In 2024 (5 New Business Ideas)

Must Read

92% of companies eyeing investment in AI-powered software

In 2024, the software industry is witnessing a surge in demand for AI-powered solutions, driven by a growing focus on cost efficiency, functionality, and security. Gartner identified four top priorities for software buyers in 2024 to help software-as-service companies keep their customers and attract new ones.

Read more of our blogs

20 AI Podcasts to Learn More About Artificial Intelligence

Artificial Intelligence (AI) Will Transform Project Management