Just like the last week, we witnessed several publicly listed SaaS companies announce their quarterly revenues. Of course, the past seven days also had a lot of action in terms of acquisitions, funding rounds, and more. So read on to find out everything that matters in the world of SaaS.
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News of the week and earnings corner
CI/CD platform CircleCI has announced the acquisition of Ponicode, a startup that lets developers automate their unit tests and track the test coverage. While the terms of the deal weren’t disclosed, it’s interesting to note that Ponicode will continue running separately and even work with competing continue integration and delivery software.
DocuSign shares plunge: fiscal Q4 revenue beats, Q1 and year views miss expectations
We had highlighted how DocuSign’s shares had tumbled when it had announced its quarterly revenues. For the Q4 however, it managed to beat expectations as it achieved $580.8million revenue vs $562million that was projected by analysts. That said, its revenue for the current quarter is expected to be lesser than the consensus of $596million… in the range of $579- and $583million.
Crowdstrike reports Q4 revenue of $431 million and $1.45 billion for full year
Cybersecurity company Crowdstrike’s beat market estimates with Q4 revenue of $431million, up by 63 percent from the same period, last year. Its revenue for the entire year was $1.45billion, which is 66 percent higher than the previous financial year.
Asana stock falls 15 percent after loss more than doubles, forecast calls for more red ink
Collaboration software Asana reported a loss of $90million in Q4 while its revenue reached $111.9million, higher than analysts’ expectations of $114.5million. Despite that, its share price declined. For the entire fiscal year, Asana is giving revenue guidance of $527- to $531million.
SaaS companies that got the funding this week
Typeform takes $135million to tickle more marketers
Barcelona-based Typeform has closed a $135million Series C round more than four years after its Series B investment. Led by Sofina, the form builder software is nearing the unicorn valuation at $935million. Typeform also announced that it has reached $70million in ARR.
Capchase raises $80million Series B to give startups alternatives to venture
With the rise in alternative ways to raise money for SaaS companies, we’re seeing several startups that enable the same. Capchase has nabbed $80million as part of Series B funding. Led by 01 Advisors, the startup also mentioned that its ARR has increased by 2,300 percent in a year.
Birdeye raises $60million Series C funding led by Accel-KKR to help local businesses grow
Customer experience platform Birdeye has received $60million in Series C funding. Led by Accel-KKR, the amount will be deployed towards expanding to Australia and the United Kingdom.
A lot of users use Microsoft Excel for financial planning, and so do small businesses. DataRails is catering to SMBs in ensuring that financial planning is done in a better manner, and once can also get correct forecasting. To continue its mission, it has announced $50million Series B investment led by Qumra Capital.
Atlan bags $50million from Insight, Salesforce and Sequoia
Atlan, a data collaboration software provider, has gotten $50million in the Series B round. The investment was spearheaded by Salesforce Ventures. The startup will be using the money for hiring and accelerate its GTM strategy.
Blink raises $26million to deliver the future of low-code for cloud operations
Blink is a no-code / low-code platform for helping companies and teams manage cloud operations. It has just come out of stealth and raised $26million led by Lightspeed Venture Partners.
Must reads
Flexible work, compensation demands, and hiring trends: first annual state of SaaS talent report
The next big SaaS player will be the company that solves enterprise billing
As cloud costs spiral upward, enterprises turn to a thing called FinOps
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Reaching billion-dollar valuation has become a benchmark of sorts these days, but how do you reach there? In this podcast, Bill.com’s CRO Tom Clayton shares lessons and opportunities from developing multi-revenue streams at Bill.com
Street group: bootstrapping a SaaS business to $9+ million ARR – with Heather Staff
While it may seem that SaaS has become a crowded space, there are still a lot of industries that haven’t moved to the cloud and subscription models, yet. Case in point: Street Group, a B2B SaaS company that’s modernizing the real estate industry and the process of moving home.
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The Valley’s perspective to India SaaS | The SaaS landscape: India and the Valley (Part 2)
We’ve been talking about India’s incredible rise in the SaaS industry for a while now. And if you’re still wondering about what all the buzz is about, then this video is a good starting point. Co-founder and CEO of DevRev, Dheeraj Pandey shares his perspectives about the growth from the point of view of Silicon Valley in a conversation with Eka Software’s Manav Garg.
