Stay updated on the latest news on SaaS: Zerve secures $7.6 million in seed round; ADP acquires WorkForce Software.
Latest SaaS Funding News
Everstage Raises $30 Million in Series B Funding
Everstage, a sales performance management software for enterprises, has raised $30 million in Series B funding led by Eight Roads Ventures, bringing its total funding to $45 million.
The new funding will help Everstage enhance its product features and invest more in its in-house services to speed up the time it takes for customers to see results.
Tebi Raises €20 Million in Series A
Tebi, an all-in-one operational platform for hospitality and retail businesses, has raised €20 million in Series A round led by Index Ventures. Tebi will use this funding to accelerate its product development and expand its reach beyond the Netherlands. The startup also plans to grow its team and expand its product beyond hospitality and retail.
Gladia Secures $16 Million in Series A Funding
Gladia, an AI transcription and audio intelligence platform, has closed a $16 million Series A funding round led by XAnge. The company will use the funding to create a complete audio system, beginning with a new engine for real-time audio transcription and analytics. This will help voice-first platforms provide more value to their users around the world using AI technology.
Omnea Secures $20 Million in Series A Funding
Omnea, an AI-powered procurement orchestration and supplier risk management platform, has raised $20 million in Series A funding led by Accel.
Zerve Secures $7.6 Million in Seed Funding
Zerve, a data science and AI development platform has raised a $7.6 million seed round led by Paladin Capital Group. The company will use the funding to accelerate its research and development to deliver even more powerful features. Zerve aims to provide exceptional customer support. Besides, the company will amplify its mission to reach more data teams worldwide.
Vendorvue Raises €1.4 Million
Vendorvue, a compliance software, has secured €1.4 million in new funding. The company plans to use the funding to enhance its platform, grow its team, and expand across Europe.
Cambri Raises €8 Million
Cambri, an AI consumer insights and innovation platform, has raised another €8 million round led by Octopus Ventures.
SaaS M&A
IBM Acquires Prescinto
IBM announced it has acquired Prescinto, an asset performance management (APM) software for renewables. It will improve the IBM Maximo Application Suite (MAS), which is IBM’s tool for managing asset lifecycles.
Check out IBM products
ADP Acquires WorkForce Software
ADP, a leader in human capital management (HCM) solutions, has acquired WorkForce Software, a workforce management platform. This acquisition will enhance ADP’s global range of workforce management solutions and allow for future innovations in this area.
Check out ADP products
Listen to the Podcast
The Future of AI in SaaS Sales
SaaStr CEO Jason Lemkin joined ZoomInfo’s ZI Labs Podcast for Season 2, talking with CEO Henry Schuck and co-host Ben Salzman about how AI is changing the SaaS industry.
Key aspects of growing SaaS companies were mentioned like building strong management teams, using multi-product strategies, and handling challenges during growth.
Watch SaaS Video
Must-Read
AI Is Leading to New Competitors in SaaS
AI is bringing thousands of new competitors to the market, fueled by venture capital and excitement from entrepreneurs. Industries that used to be slow, like search, call centers, and legal services, are now growing rapidly with new AI innovations and startups.
Why companies are struggling to keep up with SaaS data protection
Many business leaders lack confidence in their ability to protect data in SaaS tools, with only 28% feeling very confident about their data security. The risks of losing data are serious, as 57% believe that damage to their brand is the biggest consequence of data loss.
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