Stay updated on the latest SaaS news: Metaview raises $7 million in Series A funding; Canva announced the acquisition of Affinity;..
SaaS Funding News
Metaview Raises $7 Million in Series A Funding
Metaview, a provider of an AI note-taking tool tailored for the hiring process, has secured $7 million in Series A funding led by Plural, with contributions from investors including Zach Coelius, Vertex Ventures US, Seedcamp, and Village Global, along with participation from notable angels such as Barney Hussey-Yeo (Cleo), Kyle Parrish (Figma), and several customers. This funding round brings its total raised capital to $14 million. Metaview will use the funding to accelerate its product development and grow the team.
Observe Inc. Raises $115 Million In Series B Funding
Observe Inc., the provider of a SaaS observability solution built and operated on the data cloud, announced a raise of $115 million in Series B funding. The investment was led by Sutter Hill Ventures with participation from Capital One Ventures, Madrona Ventures, and Snowflake Ventures. The company plans to expand its market presence in North America over the coming year and expects to continue to more than double the size of its business.
OpenPipe Raises $6.7 Million in Seed Funding
OpenPipe, a fully managed fine-tuning platform catering to developers, has secured $6.7 million in seed funding. Costanoa Ventures led the investment, with participation from Y Combinator, Logan Kilpatrick (former head of DevRel at OpenAI), Alex Graveley (creator of Github Copilot), Tom Preston-Werner (founder of Github), Flo Crivello (founder of Lindy.ai), Immad Akhund (founder of Mercury), Goodwater, and many others. This funding will be used to help replace GPT-4 with fine-tuned models.
Vizcom Raises $20 Million in Series A Funding
Vizcom, an AI design software startup, has secured $20 million in Series A funding led by Index Ventures. Notable angel investors Kyle Parrish, Steve Malouf, Ayush Sood, and Daniel Sturman also participated in the round. This funding will fuel the company’s mission to transform product and object creation using AI.
SaaS M&A
Canva Acquires Affinity
Canva has acquired Affinity, a creative software suite company. With this acquisition, Canva will be able to develop the world’s most comprehensive suite of visual communication tools. By joining forces with Affinity, Canva will unlock the full spectrum of designers at every level and stage of the design journey.
GitLab Acquires Cloud Security Firm Oxeye to Enhance Application Security Features
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Advice Every SaaS Founder Needs to Know in 2024 with Sam Blond and Jason Lemkin
Sam Blond, former Partner at Founder’s Fund and CRO of Brex, who hosts the SaaStr CRO Confidential Podcast, engaged in a fireside chat with Jason Lemkin, CEO and founder of SaaStr, at SaaStr Miami. They delved into the strategies for achieving success as a SaaS company in 2024, drawing from Sam’s experiences at Founders Fund, insights on the 2024 playbook, effective hiring and motivation of sales teams, and addressed audience queries.
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This Week in AI: Let us not forget the humble data annotator
OpenAI previews Voice Engine, a voice cloning tool, citing concerns over misuse. Amazon invests $2.75 billion in AI firm Anthropic. Google.org launches a $20 million accelerator program for nonprofits leveraging generative AI. Adobe expands Firefly with new generative APIs and Custom Models in its GenStudio suite.
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