Stay updated on the latest SaaS news: Wiz secures $1 billion funding; Docusign acquires Lexion;…
Latest SaaS Funding News
Atlan Raises $105 Million in Series C Funding at a $750 Million Valuation
Atlan, offering data governance software, has secured $105 million in Series C funding led by GIC and Meritech Capital. With this round, the company has raised over $206 million, reaching a valuation of $750 million.
Wiz Raises $1 Billion Funding at a $12 Billion Valuation
Cloud security company Wiz has raised $1 billion led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital with a $12 billion valuation. This makes it one of the most highly valued startups in cybersecurity today.
Nudge Security Secures $16.5 Million Funding
Nudge Security, a SaaS security and governance software, announced new funding from Forgepoint Capital, which joins Ballistic Ventures in bringing its seed funding to $16.5 million.
Definely Raises $7 Million in Series A funding
Definely, offering a legal document creation software, has secured $7 million in Series A funding led by Octopus Ventures. The investment will support its expansion efforts.
SaaS M&A News
Docusign Acquires Lexion
Docusign has agreed to buy the contract management system Lexion for $165 million in cash, subject to customary adjustments. Lexion’s AI capabilities will help Docusign accelerate its Intelligent Agreement Management vision. Last month, Docusign introduced Docusign IAM, an AI-powered intelligent agreement management platform.
Freepik Acquires Magnific AI
Freepik has acquired Magnific AI, an AI image enhancement tool, marking its largest acquisition yet. The acquisition allows Freepik to enhance its AI offerings with Magnific’s technology.
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How Many SaaS Companies Are There? (2024)
As the demand for cloud computing grows, so does the SaaS market and the number of companies operating within it.
List of 2024 Tech Layoffs
The updated list of all the known layoffs in tech in 2024: 7,403 employees laid off in March; 22,153 employees laid off in April 2024.
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