Inside SaaS - September 26th, 2019

Inside SaaS (Sep 26th, 2019)

Zylo Inc. raises $22.5 million with Salesforce / Dropbox invests in BetterCloud / Netdata raises $17 million


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1. Zylo Inc. raised $22.5 million in a Series B funding round which inculded a contribution from Salesforce. Zylo is a SaaS that helps large companies like Nike, Slack, and Atlassian manage their SaaS subscriptions. The round was led by Uber Technologies Inc. investor Menlo Ventures, with Menlo Ventures partner Matt Murphy simultaneously joining Zylo’s board of directors. However, Salesforce Ventures, Slack Fund, Bessemer Venture Partners and others also participated. Altogether, Zylo has raised more than $35 million in three years. - SILICON ANGLE


2. Dropbox has invested $5 million into the SaaS operations management platform, BetterCloud. The investment is part of the duo's new strategic partnership, which also involves the launch of BetterCloud for Dropbox -- an integration that will provide advanced data protection and orchestration functionality for Dropbox teams -- later this year. The news comes at the same time BetterCloud also separately announced the release of BetterCloud Integration Center. BetterCloud's chief product officer, Jim Brennan, says this is a "single place for users to discover, install and configure any integration" and it is designed to improve the management and security of SaaS applications. - FINSMES


3. Netdata, a startup offering an open-source monitoring tool that's also available as a SaaS version, raised $17 million in a Series A round led by Bain Capital. The company previously raised $3.7 million in a seed round led by Marathon earlier in 2019. The startup's success has particularly captured attention given the atypical background of its founder, Costa Tsaousis. Tsaousis is a 50-year-old man who previously worked as a C-level executive and had barely coded in years before developing the monitoring tool. - TECHCRUNCH


4. Duda, a WordPress competitor that provides a cloud-based website building platform for developers as well as builders at digital agencies and SaaS platforms, has raised $25 million from Susquehanna Growth Equity (SGE). Altogether, the company has raised $50 million to date. The funds will be used towards sales and marketing, as well as growing its R&D team in Israel. - VENTURE BEAT


5. Darwinbox, a SaaS that operates a cloud-based human resource management platform, has raised $15 million in a Series B round. Sequoia India led the round, while Lightspeed India Partners, Endiya Partners, and 3one4 Capital also participated. The SaaS will use the money in part to expand its platform to other areas in Asia, such as Southeast Asia, as it believes the solutions Western companies offers do not fit well with Asian markets. "There is a new trend of SaaS companies targeting the India/SE Asia markets," said Dev Khare, a partner at Lightspeed Venture. "This trend is gathering steam and is disproving the conventional wisdom that Asia-focused SaaS companies cannot get to be big companies. We firmly believe that Asia-focused SaaS companies can get to large impact value and become large and profitable [like Darwinbox]." With the new funding, the SaaS has raised a total of $19.7 million. - VCCIRCLE


6. Cerner is partnering with Simplee, the developer of SaaS-based patient financial experience tools. Cerner, which is a major supplier of health information technology solutions, services, devices, and hardware, will work with Simplee to improve its healthcare billing process. "Adding Simplee's expertise in consumer-friendly billing helps Cerner simplify this part of the healthcare experience through third-party innovation," said David Bradshaw, senior vice president for Cerner’s consumer and employer solutions. - HEALTHCARE IT NEWS


7. Salesforce has appointed a relatively small Australian partner, AFDigital, to the company's marketing cloud partner advisory board. With a team of around 50 staff, AFDigital will sit on the board alongside giants such as Accenture, IBM and Deloitte. "It’s definitely recognition that we are doing something right," AFDigital co-founder Robin Leonard said. - CRN


8. Healthcare technology private equity firm Warburg Pincus has purchased Qualifacts. Qualifacts is a leading SaaS that provides the CareLogic Electronic Health Records (EHR) for behavioral health and human services organizations. Through the partnership, Qualifacts hopes to expand marketing efforts, accelerate product development, and more. - HIT CONSULTANT


9. Digital freight forwarder Flexport released its SaaS Flexport Platform. The online platforms streamline customers’ workflows, allowing factories, their brand clients, and Flexport logistics representatives to team up to deliver goods, track and manage shipments, and more. All current Flexport users will be able to access it by the end of Sept. 27. - TECHCRUNCH


10. Optiva Inc. a company that provides communications service providers with cloud-native revenue management software, has attracted a new customer for its new Optiva BSS platform. The SaaS solution represents the company first foray into the SaaS market, and has been re-architected so it is available on the public cloud. The new customer, who is unnamed, will use the platform to launch a mobile virtual network operator (MVNO) service. - OPTIVA


Written and curated by Inside Dev and Inside Deals Editor Sheena Vasani, a freelance journalist based in California. Proficient in Javascript and Ruby. Got my start at Dev Bootcamp and Thinkful.

Edited by Bobby Cherry, a senior editor at Inside.com who also curates Inside Pittsburgh.


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