{"id":10708,"date":"2022-06-06T09:47:30","date_gmt":"2022-06-06T04:17:30","guid":{"rendered":"https:\/\/www.saasworthy.com\/blog\/?p=10708"},"modified":"2022-06-06T09:54:28","modified_gmt":"2022-06-06T04:24:28","slug":"saas-weekly-roundup-23-salesforce-beats-market-expectations-moengage-raises-77million-and-more","status":"publish","type":"post","link":"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-23-salesforce-beats-market-expectations-moengage-raises-77million-and-more","title":{"rendered":"SaaS weekly roundup #23: Salesforce beats market expectations, MoEngage raises $77million, and more"},"content":{"rendered":"\n<p>VC winter, slowdown, downturn&#8230; no matter what you call it, we are seeing companies taking a cautious approach when it comes to hiring or spending money across the world. While the SaaS industry is not doing the layoffs like other sectors, it&#8217;s not fully protected either. That&#8217;s not to say that the excitement is muted, as the stories this week will highlight. Read on to know why we&#8217;re saying so.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-23-salesforce-beats-market-expectations-moengage-raises-77million-and-more\/#News_of_the_week\" title=\"News of the week\">News of the week<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-23-salesforce-beats-market-expectations-moengage-raises-77million-and-more\/#SaaS_companies_that_got_the_funding_this_week\" title=\"SaaS companies that got the funding this week\">SaaS companies that got the funding this week<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-23-salesforce-beats-market-expectations-moengage-raises-77million-and-more\/#In_numbers\" title=\"In numbers\">In numbers<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-23-salesforce-beats-market-expectations-moengage-raises-77million-and-more\/#Must_reads\" title=\"Must reads\">Must reads<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-23-salesforce-beats-market-expectations-moengage-raises-77million-and-more\/#Listen_to\" title=\"Listen to\">Listen to<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-23-salesforce-beats-market-expectations-moengage-raises-77million-and-more\/#Watch\" title=\"Watch\">Watch<\/a><\/li><\/ul><\/nav><\/div>\n<h2 id=\"news-of-the-week\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"News_of_the_week\"><\/span>News of the week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/05\/31\/salesforce-crm-earnings-q1-2023.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Salesforce stock jumps as it raises profit forecast, CFO says company will be more \u2018measured\u2019 in hiring<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/crm-software\" target=\"_blank\" rel=\"noreferrer noopener\">CRM pioneer<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/salesforce\" target=\"_blank\" rel=\"noreferrer noopener\">Salesforce<\/a> managed to beat the industry expectations with the results of its first quarter. It achieved revenue of $7.41billion (vs 7.38billion, expected by analysts) \u2013 an increase of 24 percent y-o-y, which also helped its share price to increase by 8 percent. In terms of the guidance, Salesforce is expecting the second-quarter revenue to be between $7.69 and $7.70billion.<\/p>\n\n\n\n<p>Keeping the external factors in mind, it has reduced its revenue expectations for the entire year. It&#8217;ll also be slowing down hiring.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2022\/06\/01\/a16z-backed-loom-video-layoffs\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>a16z-backed Loom lays off 14\\% of staff, one year after becoming a unicorn<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/screen-recording-software\" target=\"_blank\" rel=\"noreferrer noopener\">Screen recording service<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/loom\" target=\"_blank\" rel=\"noreferrer noopener\">Loom<\/a> has laid off 34 employees in product and people operations. It&#8217;s worth noting that the startup became a unicorn in May last year when it raised a $130million Series C round, led by A16z.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.zdnet.com\/article\/google-cloud-plans-to-bring-more-ai-capabilities-into-the-data-center\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Google Cloud plans to bring more AI capabilities into the data center<\/strong><\/a><\/p>\n\n\n\n<p>The internet behemoth might be lagging behind Amazon and Microsoft in the cloud race, but it&#8217;s continuing to make its offering more robust. It&#8217;s now letting customers use AI, ML, and database capabilities directly in their data centers.<\/p>\n\n\n\n<h2 id=\"saas-companies-that-got-the-funding-this-week\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SaaS_companies_that_got_the_funding_this_week\"><\/span>SaaS companies that got the funding this week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2022\/06\/01\/constrafor-grabs-106m-in-equity-credit-to-finance-construction-subcontractors\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Constrafor grabs $106million in equity, credit to finance construction subcontractors<\/strong><\/a><\/p>\n\n\n\n<p>SaaS-based construction procurement platform Constrafor has gotten a $106.3million in investment in credit as well as seed funding. The platform offers financing along with streamlining information and documentation about contractors and subcontractors.<\/p>\n\n\n\n<p><a href=\"https:\/\/venturebeat.com\/2022\/06\/01\/workos-which-brings-enterprise-readinessto-saas-apps-raises-80m\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>WorkOS, which brings \u2018enterprise readiness\u2019 to SaaS apps, raises $80million<\/strong><\/a><\/p>\n\n\n\n<p>WorkOS offers single-sign-on (SSO) along with directory sync for users and group provisioning for enterprises. It has now nabbed $80million in Series B funding led by Greenoaks.<\/p>\n\n\n\n<p>It also announced the acquisition of Modulz, the company that has introduced a UI design tool and open-source projects such as Radix, a UI framework.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.moneycontrol.com\/news\/business\/startup\/moengage-raises-77-million-from-goldman-sachs-b-capital-others-8622561.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>MoEngage raises $77million from Goldman Sachs, B Capital, others<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/marketing-automation-software\" target=\"_blank\" rel=\"noreferrer noopener\">Marketing automation<\/a> and customer engagement software <a href=\"https:\/\/www.saasworthy.com\/product\/moengage\" target=\"_blank\" rel=\"noreferrer noopener\">MoEngage<\/a> has closed a $77million Series E funding round led by Goldman Sachs Asset Management and B Capital. The amount will be utilized for strengthening its position in the US, Europe, Asia, and Middle-East markets along with expanding to Latin America and Australia.<\/p>\n\n\n\n<p><em>Related tweets:<\/em> <a href=\"https:\/\/twitter.com\/AakashTulsani\/status\/1532023130717270016\">https:\/\/twitter.com\/AakashTulsani\/status\/1532023130717270016<\/a><\/p>\n\n\n\n<p><em>Related read: <a href=\"https:\/\/dev.saasworthy.com\/bloginterview-with-suraj-dubey-head-growth-accelerator-program-moengage\" target=\"_blank\" rel=\"noreferrer noopener\">Interview with Suraj Dubey, Head \u2013 Growth Accelerator Program at MoEngage<\/a><\/em><\/p>\n\n\n\n<p><a href=\"https:\/\/www.zdnet.com\/article\/jupiterone-the-graph-powered-cybersecurity-platform-scores-70m-series-c-funding-and-achieves-unicorn-status\/#ftag=RSSbaffb68\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>JupiterOne scores $70million series C funding, achieves unicorn status<\/strong><\/a><\/p>\n\n\n\n<p>JupiterOne stands out with its graph-powered cybersecurity platform. It has received a $70million Series C investment led by Tribe Capital which values it at over $1billion.<\/p>\n\n\n\n<p><a href=\"https:\/\/sifted.eu\/articles\/cybersecurity-hoxhunt-raises-series-b\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Cybersecurity startup Hoxhunt raises $40million to teach employees to detect phishing<\/strong><\/a><\/p>\n\n\n\n<p>Cybersecurity training platform <a href=\"https:\/\/www.saasworthy.com\/product\/hoxhunt\" target=\"_blank\" rel=\"noreferrer noopener\">Hoxhunt<\/a> has raised $40million in Series B funding led by Level Equity Management. Its platform offers millions of phishing simulations so that employees can detect possible threats.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2022\/06\/02\/launchnotes-looks-to-transform-how-software-product-teams-communicate-changes-to-customers\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>LaunchNotes looks to transform how software product teams communicate changes to customers<\/strong><\/a><\/p>\n\n\n\n<p>We all have read boring app \/ software updates. LaunchNotes is aiming to change that by offering a platform that product teams can use to communicate product changes. It has raised $15million in Series A funding led by Insight Partners.<\/p>\n\n\n\n<h2 id=\"in-numbers\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"In_numbers\"><\/span>In numbers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"610\" height=\"457\" src=\"https:\/\/images.saasworthy.com\/blog_latest\/wp-content\/uploads\/2022\/06\/Broadcom-VMware-acquisition-SaaSworthy.jpg\" alt=\"\" class=\"wp-image-10710\" srcset=\"https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2022\/06\/Broadcom-VMware-acquisition-SaaSworthy.jpg 610w, https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2022\/06\/Broadcom-VMware-acquisition-SaaSworthy-400x300.jpg 400w, https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2022\/06\/Broadcom-VMware-acquisition-SaaSworthy-100x75.jpg 100w, https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2022\/06\/Broadcom-VMware-acquisition-SaaSworthy-300x225.jpg 300w\" sizes=\"(max-width: 610px) 100vw, 610px\" \/><figcaption>Source: <a href=\"https:\/\/www.crn.com\/slide-shows\/cloud\/broadcom-s-vmware-acquisition-5-key-customer-and-cost-figures-to-know\/\" target=\"_blank\" aria-label=\"Broadcom\u2019s VMware acquisition: 5 key customer and cost figures to know (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"ek-link\">Broadcom\u2019s VMware acquisition: 5 key customer and cost figures to know<\/a><\/figcaption><\/figure><\/div>\n\n\n\n<h2 id=\"must-reads\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Must_reads\"><\/span>Must reads<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.inc.com\/jeff-haden\/9-years-ago-a-simple-marketing-decision-helped-slack-become-a-27-billion-company.html\" target=\"_blank\" rel=\"noreferrer noopener\">9 years ago, a simple marketing decision helped Slack become a $27billion company<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/openviewpartners.com\/blog\/planning-a-successful-usage-based-pricing-launch-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">How to announce: crafting the right message for a usage-based pricing launch<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.cpomagazine.com\/cyber-security\/the-ghost-saas-threat-and-why-security-teams-should-take-it-seriously\/\" target=\"_blank\" rel=\"noreferrer noopener\">The \u201cGhost SaaS\u201d threat and why security teams should take it seriously<\/a><\/p>\n\n\n\n<h2 id=\"listen-to\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Listen_to\"><\/span>Listen to<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Understanding Paddle&#8217;s $200million acquisition of ProfitWell<\/strong><\/p>\n\n\n\n<iframe src=\"https:\/\/www.listennotes.com\/podcasts\/the-saas\/the-exit-inside-the-200mm-N0iqXVSQMEB\/embed\/\" height=\"170px\" width=\"100\\%\" style=\"width: 1px; min-width: 100\\%;\" loading=\"lazy\" frameborder=\"0\" scrolling=\"no\"><\/iframe>\n\n\n\n<iframe src=\"https:\/\/www.listennotes.com\/podcasts\/build-your-saas\/patrick-campbell-why-W3DkghpMyso\/embed\/\" height=\"170px\" width=\"100\\%\" style=\"width: 1px; min-width: 100\\%;\" loading=\"lazy\" frameborder=\"0\" scrolling=\"no\"><\/iframe>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/billing-and-invoicing-software\" target=\"_blank\" rel=\"noreferrer noopener\">Billing and invoicing software<\/a>\u00a0<a href=\"https:\/\/www.saasworthy.com\/product\/paddle\" target=\"_blank\" rel=\"noreferrer noopener\">Paddle&#8217;s<\/a> $200million acquisition of <a href=\"https:\/\/www.saasworthy.com\/product\/profitwell\" target=\"_blank\" rel=\"noreferrer noopener\">ProfitWell<\/a>, a <a href=\"https:\/\/www.saasworthy.com\/list\/subscription-analytics-software\" target=\"_blank\" rel=\"noreferrer noopener\">subscription analytics software<\/a>, took everyone by surprise. And if you&#8217;re wondering why this is a significant deal, and how bootstrapped ProfitWell is all set to unlock faster growth under well-funded Paddle, then we have two excellent podcasts for you. In the first one, both Paddle and ProfitWell&#8217;s CEOs Christian Owens and Patrick Campbell talk about how this acquisition came about, why the latter chose to sell, and more. While in the second podcast, Patrick Campbell converses with <a href=\"https:\/\/www.saasworthy.com\/product\/transistor\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"ek-link\">Transistor&#8217;s<\/a> Justin Jackson about the early days of ProfitWell, and his take on bootstrapped vs funding route among others.<\/p>\n\n\n\n<p><strong>Enterprise communities: the what, who, why, when and how with Venafi Head of Community, Holly Firestone<\/strong><\/p>\n\n\n\n<iframe src=\"https:\/\/www.listennotes.com\/podcasts\/the-official\/saastr-560-enterprise-Rcm38xDnpCL\/embed\/\" height=\"170px\" width=\"100\\%\" style=\"width: 1px; min-width: 100\\%;\" loading=\"lazy\" frameborder=\"0\" scrolling=\"no\"><\/iframe>\n\n\n\n<p>Community-led growth has become more than just a buzzword, but how can one leverage that? In this episode, Venafi&#8217;s Holly Firestone shares all you need to know about building a community, right from how to start to how to grow it further.<\/p>\n\n\n\n<h2 id=\"watch\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Watch\"><\/span>Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>SaaS email marketing: beyond onboarding emails<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"SaaS Email Marketing: Beyond Onboarding Emails\" width=\"788\" height=\"443\" src=\"https:\/\/www.youtube.com\/embed\/_K8Y8Hgjnvg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Everyone says that email marketing is the best way to connect with customers. But how can a SaaS company use it? Well, this video acts as a good primer as shares all the emails that can be sent to users by a SaaS platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>VC winter, slowdown, downturn&#8230; no matter what you call it, we are seeing companies taking a cautious approach when it comes to hiring or spending money across the world. While the SaaS industry is not doing the layoffs like other sectors, it&#8217;s not fully protected either. That&#8217;s not to say that the excitement is muted,<\/p>\n","protected":false},"author":3,"featured_media":10709,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":3,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-10708","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-saas-weekly-roundup"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SaaS weekly roundup #23: Salesforce beats market expectations, MoEngage raises $77million, and more - SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; Trends in SaaS<\/title>\n<meta name=\"description\" content=\"VC winter, slowdown, downturn... no matter what you call it, we are seeing companies taking a cautious approach when it comes to hiring or spending money\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-23-salesforce-beats-market-expectations-moengage-raises-77million-and-more\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SaaS weekly roundup #23: Salesforce beats market expectations, MoEngage raises $77million, and more - SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; 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