Inside SaaS - June 6th, 2019 |

Inside SaaS (Jun 6th, 2019)

Facebook cryptocurrency / Microsoft and Oracle unite / SlackBot funding

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1. Facebook will reportedly launch its own cryptocurrency this month and allow companies to manage it for $10M per license. The cyptocurrency token, tenatively dubbed Global Coin, will be used mainly for the Facebook app and Messenger, but may also become connected to ATM networks. Up to 100 nodes will be available for management by outside backers of the token. The annoucement comes as Facebook looks to expand a beta version of WhatsApp payments in India to global audiences through a launch in London. -- BUSINESS INSIDER

Your take: Do you think Facebook can succeed in the global payments space? Is their move into cryptocurrencies a good idea, or should they just stay out of fintech all together? Hit “reply” and share your thoughts! We may feature them in our next issue. 

2. Oracle and Microsoft have linked their clouds to allow users to move data seamlessly between both services. The alliance is seen as a rare union between two major SaaS giants and will enable users to migrate and run workloads between Microsoft Azure and Oracle Cloud. Microsoft and Oracle representatives said that the partnership will offer their customers a best-of-both-clouds experience. -- TECHCRUNCH

3. SlackBot CRM extension Troops has received a $12M investment just weeks before Slack's IPO. The Series B funding was led by VC firm Aspect Ventures with participation from Slack Fund, an in-house $80M fund that Slack launched in 2015 to invest in third-party platforms. Troops CEO Dan Reich said that his decision to build a SlackBot extension was inspired by Slack's ubiquity and because CRM tools represent the "the biggest opportunity in the [enterprise SaaS] category" today. -- TECHCRUNCH 

4. Employee onboarding and training platform WorkRamp has raised a $8M Series A to meet new demand for its tools. The San Francisco-based startup, which already has clients like AirBnb, Uber, Zoom and Slack, now says that it has begun to attract industry juggernauts like WalMart and Koch Industries. Through its GitHub-style platform, WorkRamp allows human resources to develop training paths that can be integrated into Slack, Salesforce and Chrome. -- VENTUREBEAT

5. A US- and India-based help desk SaaS is making a move into Japan. Offering a full-stack of customer engagement software, Freshworks has partnered with Japan's OrangeOne Corporation, a leading software provider, to enter the Japanese market. Freskworks, which has become known for its Freshdesk help desk service, has already built a strong market in Southeast Asia. -- YOURSTORY

6. India investor interest in the SaaS segment is growing as employee management software Dockble lands Series A funding. The funding round follows recent investments in online hiring firm Skillenza and predictive analytics platform -- VCCIRCLE

7. Automated data systems SaaS Liongard has received $4.5M investment in Series A funding. The Houston-based startup will use the funds to invest into its Roar platform, which provides a single dashboard for users to view all their data systems, such as cloud services and apps. -- INNOVATIONMAP

8. MacOS Catalina will end iTunes and introduce hands-free voice commands for disabled people. Apple's upcoming MacOS Catalina, which comes into service this autumn, will come without iTunes, but will allow users to control their devices using speech recognition technology while ensuring all personal data meets privacy guidelines. -- ATTODAY

9. Cloud security provider Fugue has merged two of its core products into an easy-to-use API. The two products, Fugue Platform and Fugue Risker Manager, will now operate as a unified SaaS solution that delivers on cloud infrastructure compliance and reports. -- YAHOO FINANCE

10. SaaS-based Supply Chain Market software is predicted to experience 15 percent growth by 2025. The research conducted by IT Intelligence covers IBM, Oracle, Accenture and more. -- THE WIRE NEWS NOW

The newsletter is written and curated by Justin Calderón. Justin is based out of Barcelona, Spain, and has covered technology and SaaS news for a variety of publications, including the BBC and Newsweek. Follow him on Twitter at @justinfuyun

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