Stay updated on the latest news on SaaS: Qantev raises €30 milliion; Vectorize secures $3.6 million in a seed round.
Latest SaaS Funding News
Qantev Secures €30 Million in Funding
Qantev, an AI-powered claim platform for health and life insurance, has secured €30 million led by Blossom Capital. With the new investment, Qantev will enhance its platform with advanced AI to improve claims processing and decision-making for insurers. The company will also expand globally, hiring top AI talent and entering key markets in North America and Asia.
RedTrack Closes $3.2 Million in Series A Funding
RedTrack, an AI-driven analytics and automation software for media buyers, has closed a $3.2 million Series A funding round led by LeadVentures. The new funds will be used to grow the product team, accelerate AI development, and build on progress already made in the U.S. market.
FaceUp Raises $3 Million in a Late Seed Round
Anonymous reporting platform FaceUp has closed a $3 million late seed round led by Reflex Capital. This funding round will drive new product development to expand the platform’s HR features and boost global sales efforts, with a focus on the U.S. market.
Lightdash Raises $11 Million in Series A Funding
Lightdash, a business intelligence platform, has secured a $11 million Series A funding led by Accel. The funding will accelerate product development, add new technical features, and grow Lightdash’s developer teams in the US and Europe.
forward earth Raises €4.5 Million in Seed Funding
forward earth, an AI-powered environmental management software, has raised €4.5 million in a seed funding round led by Mosaic Ventures. The recent funding and partnership with Mosaic will be key in setting up a US branch. The company also plans to expand into Asia soon.
StriveCloud Raises $1.5 Million
Gamification software company StriveCloud has raised $1.5 million. This startup will use this funding to develop its product further and grow its business.
Vectorize Secures $3.6 Million in Seed Funding
Vectorize, an AI-powered data integration startup, has raised $3.6 million in seed funding, led by True Ventures.
Listen to the Podcast
State of the Cloud 2024: The Cloud AI Era
Bessemer Venture Partners is committing $1 billion to support AI-native companies and founders at the forefront of innovation. Partner Sameer Dholakia speaks with Julia Chapin (COO, Abridge), Kate Jensen (Head of Revenue, Anthropic), Rami Karabibar (CEO, EvenUp), and Timothy Young (CEO, Jasper) about AI’s impact on industries like SaaS, marketing, healthcare, and legal.
The discussion covers challenges and opportunities in AI adoption, including topics like building strong business models, utilizing multimodal capabilities, and managing change effectively.
Watch SaaS Video
Must-Read
FinOps SaaS
As more businesses move to the Cloud, FinOps is becoming essential for managing Cloud costs. Originally designed to optimize IaaS and PaaS, FinOps is now expanding to include SaaS, which makes up a significant portion of Cloud expenses for companies, including small and medium-sized businesses.
SaaS Identity Management
The rise of SaaS has transformed business operations, especially with remote work, but also brought new security challenges. Identity management is now crucial, replacing traditional network security with controls based on who accesses what and when.
To protect sensitive data in SaaS, organizations must focus on visibility, automation, and maintaining strong identity practices.
