Welcome to your weekly roundup of everything that deserves your attention in the world of SaaS. As with most of the roundups, the past seven days were quite newsworthy. So without wasting any more time, let’s jump right in.
Table of Contents
News of the week
The identity and access management space has been witnessing some major action this year. Adding to the list is OneLogin’s acquisition by One Identity. OneLogin has raised $330million over the years, but the terms of its acquisition weren’t disclosed.
The Redmond giant is beefing up its software offerings. It has acquired OKR software Ally.io, which will become a part of its employee experience platform, Microsoft Viva. The price of the deal hasn’t been divulged, but the Seattle-based Ally had raised $76million in its three-year journey.
Coding platform GitLab aims for nearly $9 billion valuation in U.S. IPO
Gitlab, a popular continuous integration software, is planning to list itself on NASDAQ with a valuation of $9billion. It plans to sell Class A shares at a share price between $50 and $60. It’ll trade under the symbol GTLB, and was last valued at $6billion.
Box adds new integrations with Microsoft, Slack, steps up security
Cloud storage company Box has introduced new integrations with Microsoft and Slack. These would enable real-time co-authoring, the ability to save edits on Microsoft Office files, and uploading Box files directly through Slack among other things.
SaaS companies that got the funding this week
Cloud security provider Orca Security nabs $550million
Orca Security, a company that secures public cloud platforms like Amazon Web Services (AWS), Microsoft Azure, and more – has extended its Series C funding by another $550million. Valued at $1.8billion, the fund infusion was led by Temasek.
Notion reaches $10billion valuation, boosted by remote work — and TikTok
Popular note-taking company Notion has been seeing stupendous growth. It has nabbed a $275million funding, which has increased its valuation five-fold to $10billion. Led by Coatue Management and Sequoia, the amount will be used for amplifying Notion’s platform, and hiring.
Referring to itself as a service intelligence automation platform Aquant has closed a $70million Series C funding round. Led by Qumra Capital, Insight Partners, and Pitango Growth, the startup will be growing its engineering, client services, and go-to-market teams.
Must reads
7 ways Salesforce achieves complete customer engagement using the four realms of experience
How to create a sustainable competitive advantage (without fighting dirty)
6 ways Slack ignored traditional marketing to kickstart a $27billion valuation
Listen to
Squarespace founder, Anthony Casalena on scaling the from dorm room to public company with over $700million in ARR
Squarespace – one of the most popular website builder software – has an unusual journey. Started in 2003, it was bootstrapped for many years before raising any money, and recently IPOed in May this year. In this podcast, its founder and CEO Anthony Casalena shares how he got the idea, its early years, and its current status.
Virtual events – six tactics to create memorable virtual experiences
There’s no denying that virtual events are here to stay. But what are the things to keep in mind for organizing them? In this podcast, Banzai’s VP of Marketing, Ashley Levesque shares six things that one should follow to ensure that virtual events don’t turn to be boring for the attendees.
Global dominance with Philippe Botteri and Varun Purandare (Accel)
In this podcast, host Alex Theuma discusses the state of the SaaS industry in Europe with Aceel’s Philippe Botteri and Varun Purandare. They also share about the Euroscape, a report that reveals the top 100 SaaS companies in Europe. The latest report will be launched during the SaaStock EMEA 2021.
Watch
Inside Decalab SaaS factor: acquiring and scaling SaaS startups | Raj Sheth
Earlier this year, we highlighted that micro SaaS business and their acquisitions would become more common. In this video, Decalab’s Raj Sheth shares how to go about acquiring SaaS startups and scaling them.
