Stay updated on the latest SaaS news: Corelight raises $150 million in funding; Altruist secures $169 million in Series E funding and hits $1.5 billion valuation;…
SaaS Funding News
Altruist Raises $169 Million in Series E Funding
Altruist, a wealth management platform, has raised $169 million in a Series E funding round led by ICONIQ Growth. This brings the total funding to over $450 million and values the company at over $1.5 billion.
Corelight Raises $150 Million in Series E Funding
Corelight, a network security software, has raised $150 million in Series E investment led by Accel. This investment will speed up Corelight’s AI-driven security advancements, enhance its cloud-native security features, and strengthen partnerships with top cybersecurity platforms to provide powerful tools for SOC analysts and incident response teams.
Elisity Raises $37 Million in Series B Funding
Elisity, a provider of microsegmentation software, has secured $37 million in Series B financing from Insight Partners. With this latest investment, Elisity plans to enhance its platform’s AI functionalities, harnessing device identity data to predict and proactively mitigate evolving cyber threats. The goal is to empower organizations with unparalleled control over their IT, OT, IoT, and hybrid environments.
Indigitall Closes its Series A Funding Round at $6.4 Million
Indigitall, a push notifications software provider, secured €6 million (~ $6.4 million) in Series A funding led by Data Point Capital. This investment will fuel the company’s growth in Spanish-speaking markets, particularly in Latin America and Spain, as well as facilitate its entry into the US market.
AiDash Closes its Series C Funding Round at $58.5 Million
AiDash, an artificial intelligence software, announced the official closing of its Series C funding round at $58.5 million led by Lightrock.
SafeBase Raises $33 Million in Series B Funding
SafeBase, offering Governance, Risk Management, and Compliance (GRC) software, has raised $33 million in a Series B funding round led by Touring Capital. This investment will fuel the expansion of its platform in the trust ecosystem and revolutionize third-party risk management.
Aikido Security Raises $17 Million in Series A Funding
Aikido Security, static application security testing (SAST) software, has raised $17 million in Series A funding led by Singular.vc. The new funding will help enhance the platform and introduce Aikido to a global audience.
LayerX Security Raises $26 Million in Series A Funding
LayerX, offering a browser security platform, has raised $26 million in Series A funding LED BY Glilot+. The company will use the new capital to grow its team and expand its market reach worldwide.
Carbonfact Raises $15 Million in Series A Funding
Carbonfact, a carbon management software, has secured $15 million in a Series A funding round led by European VC Alven. Over the next year, Carbonfact will focus on helping textile retailers and manufacturers measure and cut emissions in line with upcoming regulations. They’ll also expand their global onboarding teams.
Plotline Secures $2.6 Million in Seed Funding
Plotline (user research software) has secured $2.6 million in seed funding. The investment will strengthen various areas including research and development, marketing, and sales. Additionally, the company plans to expand into the US, Middle East, Africa, and Asia-Pacific regions.
UserHub Raises $3.2 Million in Pre-Seed Funding
UserHub (user-based billing platform) has raised $3.2 million in pre-seed funding led by 468 Capital. The investment will support the expansion of the engineering team, speed up product development, and increase the customer base.
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Hubstaff: Overcoming Early Struggles to Bootstrap to $22M ARR
Jared Brown is the co-founder and CEO of Hubstaff, a time-tracking software. Today Hubstaff generates approximately $22 million in ARR and serves over 16,000 customers.
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Must-Read
93% of security leaders have increased SaaS security budgets
According to Valence Security’s 2024 State of SaaS Security Report, 58% of organizations experienced a SaaS security incident in the last 18 months. 96% of security leaders have prioritized SaaS security, with 93% increasing budgets for it in 2024.
Your AI-native startup ain’t the same as a typical SaaS company
AI startups, according to Rudina Seseri, founder and managing partner at Glasswing Ventures, face unique challenges compared to traditional SaaS companies, as highlighted at the TechCrunch Early Stage event in Boston.
“Here’s the thing: With the SaaS product you code, you QA and you kind of get the beta — it’s not the finished product, but you can get it out there and can get going,” (Rudina Seseri)
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