Stay up-to-date with the latest update in the SaaS industry as we bring you the SaaS Weekly Roundup, which includes but not limited to breaking news on recent SaaS funding rounds. Discover which software-as-a-service companies are securing new investments, driving innovation, and shaping the future of cloud-based solutions.
Latest SaaS Weekly Roundup Funding News
Here we provide some SaaS Weekly Roundup Funidng News List.
Fractile secures £12M for AI chip
Fractile, a UK startup, is developing a new AI chip and has secured £12 million in seed funding. This recent investment brings their total funding to £14 million. The funds will likely be used to accelerate the chip’s development, aiming to create faster and more affordable AI technology. This milestone highlights the growing interest in innovative hardware solutions for AI applications. Fractile’s progress could play a key role in advancing the field.
Estonian Enty raises €700K
Talinn-based fintech startup Enty has secured €700,000 in a seed funding round. This investment will support the development of their financial SaaS platform, aimed at simplifying business management for companies. The fresh capital will help Enty enhance its services and expand its reach. The founders are excited about the potential to grow and innovate further. This funding marks a significant step forward for the company.
AppMagic advised on $3M funding
AppMagic, has secured a $3 million investment. AppMagic specializes in mobile app market analytics, helping developers and businesses make data-driven decisions. This funding will support the growth and enhancement of their services. It’s a significant milestone for AppMagic as they continue to innovate in the app analytics space. Congratulations to the AppMagic team on this achievement!
€55M for Dutch Startup Payt
Payt, a Dutch credit management company, has secured a €55 million investment from Partech’s growth fund. Partech, known for supporting companies like Gireve and Greenlyte, aims to help Payt expand its services across Europe. This investment also includes a strategic partnership, providing additional support for Payt’s growth. The funding will bolster Payt’s capabilities and market reach. This marks a significant step in Payt’s journey to becoming a leading player in European credit management.
Rabbitt AI raises $2.1M seed
Rabbitt AI, a key player in generative AI, has secured $2.1 million in seed funding, led by TC Group of Companies. This round also attracted investments from angel investors and tech leaders from Meta, Nvidia, and Microsoft. The new funding will support Rabbitt AI in expanding its innovative AI solutions. The company is poised to enhance its offerings and market presence. This investment marks a significant step forward in their growth journey.
Upekkha backs Umwelt.Ai with $125K
Faridabad-based Umwelt.Ai, an AI-powered platform focused on people analytics and employee engagement, has secured $125k in seed funding. This investment, led by Upekkha, a SaaS accelerator, will help Umwelt.Ai expand its reach globally. The platform aims to enhance employee experiences and productivity using advanced analytics. With the new funds, Umwelt.Ai is set to accelerate its growth and impact in the market. This move marks a significant step in the company’s journey to scale.
Castelnau Group Ltd invests £3.25M
Castelnau Group Limited has invested £3.25 million in Ocula Technologies Holdings Ltd, with Praetura Ventures leading the Series A round. This funding will help Ocula, which offers AI insights for e-commerce, grow its sales and technology teams. The investment shows strong confidence in Ocula’s AI capabilities and its potential to stand out in the competitive e-commerce market.
Dow Jumps as 3M Drives Rally
The Dow Jones soared 1.73%, driven by a huge jump in 3M’s stock. 3M’s remarkable performance led the market rally, marking its biggest daily gain in years. This surge in 3M significantly boosted the overall index. The rally reflects strong investor confidence and optimism in the market.
Cowbell Secures $60M Series C Funding
Cowbell has secured $60 million in Series C funding from Zurich Insurance Group. This investment will help Cowbell expand its operations and promote global adoption of its cyber insurance for small and medium-sized enterprises (SMEs). The funding aims to enhance Cowbell’s capabilities and support its growth. Zurich’s backing underscores confidence in Cowbell’s innovative approach to cyber risk management.
Read More: SaaS Weekly Roundup #10 – SaaS Funding Highlights
