Stay updated on the latest news on SaaS: AlphaSense hits $4 billion valuation; Tenderd closes a $30 million Series A funding round;…
Latest SaaS Funding News
AlphaSense Raises $650 Million with a $4 Billion Valuation
AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partner, bringing its valuation to $4 billion. The company agreed to acquire the company intelligence platform Tegus.
Cognigy Raises $100 Million in Series C Funding
Cognigy, an AI-first customer service automation, has raised $100 million in a Series C funding round led by Eurazeo Growth. The investment will help the company expand globally and boost its R&D in Conversational AI and Generative AI.
AccountsIQ Secures $65 Million Series C Funding
Accounting platform AccountsIQ has raised €60 million (~$65 million) in Series C investment from Axiom Equity. This funding will enable the company to develop its product and grow its team.
Canary Technologies Closes $50 Million in Series C Funding
Canary Technologies, an end-to-end hotel guest management platform, has secured $50 million in Series C funding led by Insight Partners. This brings its total investment to nearly $100 million.
Pyte Raises $5 Million
Secure computation platform Pyte has secured an additional $5 million in funding led by Myriad Venture Partners, bringing its total capital to over $12 million. The investment will enable the company to expand into sectors such as financial services, healthcare, and insurance.
Tenderd Closes $30 Million in Series A Funding
Tenderd, an analytics platform for effective and sustainable operations, has closed a $30 million Series A funding round led by A.P. Moller Holding.
SaleSqueze Secures $1.5 Million in Seed Funding
SaleSqueze, a visual Configure Price Quote (CPQ) software for manufacturers, announced a $1.5 million seed funding round led by Underline Ventures. The funding will accelerate its market entry and enhance its product development.
OnSecurity Raises $7 Million in Series A Funding
Penetration testing platform OnSecurity has secured £5.5 million (~ $7 million) in Series A funding from Gresham House Ventures. The funding will accelerate its growth.
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Questions Founders Should Ask Themselves to Drive Value from Generative AI
Generative AI is changing how we create text, images, audio, videos, and code. TJ Nahigian and Luci Fonseca from Base10 Partners, a firm investing in automation of major economic sectors, explore this shift. They highlight opportunities for new and existing companies and suggest six important questions for founders to leverage GenAI.
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Must-Read
SaaS security best practices
In 2023, the average company used 342 SaaS applications, according to Productiv. This large number makes it harder to protect sensitive data and prevent breaches. Since organizations have different needs based on their industry, goals, and regulations, there’s no single security checklist that works for everyone. However, there are some best practices that most companies can follow.
Generative AI will change the SaaS pricing model
Vanessa Larco, a partner at New Enterprise Associates (NEA), believes Generative AI could have a significant impact on the world of SaaS.
