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.
(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.
(Image Credit: Google )
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