This Week In The SaaS Universe- Updates & Highlights With SpotSaaS Weekly Roundup
Latest Funding News
Cypris Raises $4 Million in Series A Funding
| Company Name | Cypris |
|---|---|
| About the company | For teams working on innovation and research, Cypris is a leading platform. In order to answer important questions about their market, competitors, core technologies, and more in order to support new product development, commercial strategy, and accelerate global innovation, users of the Cypris platform can gain unique insights from 500 million or more global data points. |
| Founder Name | Steve Hafif |
| Fund raised | $4 Million |
| Investors | Funding round led by York IE, with notable institutional co-investors, Activate VP, K20 Fund, and BlueTree Capital. |
| How will the company use the money | With the support of this funding, Cypris will be able to carry out its aim of assisting R&D teams in tracking and analyzing worldwide innovation through a single, all-inclusive platform. |
Copilot lands $10M to help service businesses build digital customer experiences
| Company Name | Copilot |
|---|---|
| About the company | Copilot is a platform designed to assist businesses, such as marketing agencies, accountancy firms, and legal firms, in managing and expanding their operations. Businesses can set up a client portal using Copilot so that customers can communicate, pay, sign contracts, and get personalized apps. |
| Founder Name | Marlon Misra & Neil Raina |
| Fund raised | $10M |
| Investors | Funding round led by YC Continuity and Lachy Groom |
| How will the company use the money | The money will be used to grow Copilot’s personnel, especially in engineering and product management, in order to create a “Shopify-like” app store tailored to services businesses. |
Leading fintech startups Komunal raises an astonishing $8.5M
| Company Name | Komunal |
|---|---|
| About the company | Komunal, founded in 2019, goes where its consumers are to connect with them in Indonesia to digitalize rural banks. |
| Founder Name | Hendry Lieviant, Kendrick Winoto, Jean Rijkaard, & Rico Tedyono |
| Fund raised | $8.5 million |
| Investors | Funding was led by East Ventures Growth Fund, with participation from AlphaTrio Sustainable Technology Fund, Skystar Capital, Sovereign’s Capital, Ozora and Gobi Partners. |
| How will the company use the money | Komunal’s new funding will be used to market DepositoBPR and build its core banking system for rural banks. |
Mergers & Acquisitions
Quad-C Acquires QED Technologies
QED Technologies International, a provider of cutting-edge materials and process solutions for the semiconductor and other high-technology industries, will be purchased by private equity firm Quad-C Management.
Modern production solutions for subaperture stitching interferometry (SSI) metrology and magnetorheological finishing (MRF) polishing are provided by Rochester, New York-based QED.
Astara Acquires Majority Stake in Wyandot Snacks
Astara Capital Partners, LLC (“Astara”), a middle-market private equity firm, declared today that Wyandot Snacks has received funding from an affiliate of Astara Capital Fund I, L.P.
Wyandot, an industry leader in contract manufacturing of premium cereals, snack foods, and better-for-you options, was established in 1936 and has its corporate headquarters in Marion, Ohio. Wyandot is a dependable partner to numerous well-known and up-and-coming brands as well as private label clients.
One Rock Capital Partners Buys EnviroServe
One Rock Capital Partners, LLC (“One Rock”) today announced that one of its affiliates has successfully acquired EnviroServe Inc. from Savage, a major international supplier of supply chain infrastructure and services, a leading national provider of environmental and waste management services.
SaaS News Of The Week
Amberflo wants to transform SaaS pricing with metered usage
Puneet Gupta, the founder and CEO of Amberflo, believes there is a better method to consider software pricing, one that is based on actual usage rather than seats or subscription levels. To measure all of the different interactions with the product, this necessitates a pricing infrastructure. Gupta founded Amberflo in order to create the necessary tooling to make granular metered pricing available to all businesses.
Tech Layoffs: U.S. Companies That Have Cut Jobs In 2022 and 2023
There are still layoffs in the US tech sector. Several tech behemoths, including Microsoft and Alphabet, announced massive layoffs this week.
According to a Crunchbase News count, more than 46,000 employees of American IT companies have already been let go in 2023, and the year has only barely begun. This figure includes the 12,000 layoffs announced this week by Google parent Alphabet and the 10,000 job cuts announced by Microsoft this week.
Listen To SaaS Podcast
Buy and scale SaaS companies
In this episode, we’ll deep dive with Sujan Patel, Founder of Mailshake on brand, user experience, and customer obsession. This podcast will cover pivoting a company, buying businesses, and Sujans’ decision to run a SaaS billboard in the middle of Iowa.
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Must Read
SaaS Trends That Will Shape the Industry in 2023
1. Mobile-First Development
2. Emergence of Micro-Niches
3. More Content Marketing
& More
Survive or thrive report: What will SaaS prioritize in 2023?
Survive or thrive: How operational efficiency can strengthen SaaS in a downturn, a Paddle report with insights from 100 SaaS CEOs, Founders, and Finance leaders.
