{"id":1488,"date":"2020-06-12T21:27:39","date_gmt":"2020-06-12T15:57:39","guid":{"rendered":"https:\/\/www.saasworthy.com\/blog\/?p=1488"},"modified":"2020-06-19T18:00:21","modified_gmt":"2020-06-19T12:30:21","slug":"saas-weekly-roundup-23-api-management-startup-postman-is-the-latest-unicorn-snowflake-files-for-an-ipo-and-more","status":"publish","type":"post","link":"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-23-api-management-startup-postman-is-the-latest-unicorn-snowflake-files-for-an-ipo-and-more","title":{"rendered":"SaaS weekly roundup #23: API management startup Postman is the latest unicorn, Snowflake files for an IPO and more"},"content":{"rendered":"\n<p>As the week is ending, we have gotten a ton of news, fundraising announcements, and more for you to unpack in the always-buzzing world of SaaS. So without wasting any more time, let&#8217;s get going.<\/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-api-management-startup-postman-is-the-latest-unicorn-snowflake-files-for-an-ipo-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-api-management-startup-postman-is-the-latest-unicorn-snowflake-files-for-an-ipo-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-api-management-startup-postman-is-the-latest-unicorn-snowflake-files-for-an-ipo-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-4\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-23-api-management-startup-postman-is-the-latest-unicorn-snowflake-files-for-an-ipo-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-5\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-23-api-management-startup-postman-is-the-latest-unicorn-snowflake-files-for-an-ipo-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.zdnet.com\/article\/adobe-q2-a-mixed-bag-as-revenue-falls-short-of-estimates\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Adobe Q2 a mixed bag as revenue falls short of estimates<\/strong><\/a><\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/search?s=adobe\" target=\"_blank\">Adobe<\/a> is the latest company to announce its quarterly results, and it mentioned that the subscription revenue increased to $2.87billion. Out of this, Creative Cloud accounted for $1.87billion, Document Cloud&#8217;s revenue was $360million totaling up to $2.23billion, whereas the Digital Experience Segment&#8217;s revenue was $826million.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-06-09\/cloud-data-firm-snowflake-said-to-confidentially-file-for-ipo\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Cloud data firm Snowflake confidentially files for IPO<\/strong><\/a><\/p>\n\n\n\n<p>It was just in February that <a href=\"https:\/\/www.saasworthy.com\/list\/database-management-software\" target=\"_blank\" rel=\"noreferrer noopener\">cloud data platform<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/snowflake\" target=\"_blank\" rel=\"noreferrer noopener\">Snowflake<\/a> raised $479million at a valuation of $12.4billion. Now as per a report, the California-based company has filed for its initial public offering with SEC.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2020\/06\/09\/acceleprise-announces-26-saas-startups-from-its-trio-of-accelerators\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Acceleprise announces 26 SaaS startups from its trio of accelerators<\/strong><\/a><\/p>\n\n\n\n<p>Accelprise, a startup accelerator focusing specifically on the SaaS vertical, has announced its latest cohort of 26 companies. Its three accelerators are set up in San Francisco, New York, and Toronto, and includes startups like BurnRate, <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/onebar-io\" target=\"_blank\">OneBar<\/a>, and Touchbase, among others.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.zdnet.com\/article\/mongodb-stitching-the-cloud-and-edge-together\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>MongoDB stitching the cloud and edge together<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/database-management-software\" target=\"_blank\" rel=\"noreferrer noopener\">Database management software<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/mongodb\" target=\"_blank\" rel=\"noreferrer noopener\">MongoDB<\/a> recently held its online conference, where it made a bunch of announcements. It also disclosed that its cloud service, Atlas, comprises 42 percent of the overall business. For enhancing it further, it has introduced features such as automated archiving, an &#8220;autopilot&#8221; feature that can recommend changes to the underlying schema, and more. In the new MongoDB 4.4, users will find better query capabilities.<\/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><a href=\"https:\/\/dev.saasworthy.com\/blogsaas-companies-that-got-the-funding\" target=\"_blank\" rel=\"noreferrer noopener\">SaaS companies that got the funding<\/a> this week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/blog.postman.com\/postmans-series-c-funding-and-the-future-of-apis\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Postman\u2019s Series C funding and the future of APIs<\/strong><\/a><\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/api-management-software\" target=\"_blank\">API management software<\/a> <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/postman\" target=\"_blank\">Postman<\/a> is the latest unicorn from India as it has raised Series C funding worth $150million. The round was led by Insight Partners and gives it a valuation of $2billion. Today, over 11million developers and 500,000 companies use the company&#8217;s API platform. The funding will be used to expand further and hiring.<\/p>\n\n\n\n<p><strong>Related tweet: <\/strong><a href=\"https:\/\/twitter.com\/therealjpk\/status\/1269874614013882368\">https:\/\/twitter.com\/therealjpk\/status\/1269874614013882368<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/siliconangle.com\/2020\/06\/09\/yugabyte-raises-30m-cloud-native-distributed-sql-database\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Yugabyte raises $30million for its cloud-native distributed SQL database<\/strong><\/a><\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/api-management-software\" target=\"_blank\">Yugabyte<\/a>, an open-source <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/cloud-management-platform\" target=\"_blank\">cloud management platform<\/a>, has garnered $30million Series B funding. Led by 8VC, the round will help the company meet the increasing demand for its database, Yugabyte DB, which supports both SQL and NoSQL capabilities.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2020\/06\/11\/kahoot-raises-28m-for-its-user-generated-educational-gaming-platform-now-valued-at-1-4b\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Kahoot raises $28M for its user-generated educational gaming platform, now valued at $1.4billion<\/strong><\/a><\/p>\n\n\n\n<p>With online learning becoming commonplace amidst the ongoing crisis, <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/gamification-software\" target=\"_blank\">gamification software<\/a> <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/kahoot\" target=\"_blank\">Kahoot<\/a> is also seeing a surge in its usage. To keep up with the growth, it has gotten $28million, along with raising $62million in secondary shares.<\/p>\n\n\n\n<p><a href=\"https:\/\/entrackr.com\/2020\/06\/nexus-partners-leads-18-mn-series-a-jiffy-ai\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Nexus Venture Partners leads $18million Series A in Jiffy.ai<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/workflow-automation-software\" target=\"_blank\" rel=\"noreferrer noopener\">Enterprise automation software<\/a> Jiffy.ai has closed an $18million Series A funding round. Nexus Venture Partners led the funding, and the company will be using the investment to expand further as well as upskill the workforce who have lost their jobs due to automation through its foundation dubbed Paanini.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.concourselabs.com\/press-releases\/concourse-labs-raises-15-2-million-in-series-a-funding-to-accelerate-enterprise-digital-transformation-by-automating-cloud-governance\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Concourse Labs raises $15.2million in Series A funding led by ForgePoint Capital<\/strong><\/a><\/p>\n\n\n\n<p>With everything related to cloud growing at a fast clip, its governance is equally important. That&#8217;s what Concourse Labs, which came out of stealth recently aims to do. To accelerate its product development, marketing efforts, and more, it has received $15.2million funding.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2020\/06\/11\/spike-raises-8-million-to-make-your-email-look-like-a-chat-app\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Spike raises $8million to make your email look like a chat app<\/strong><\/a><\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/spike\" target=\"_blank\">Spike<\/a> is aiming to modernize emails by making them look like chats itself. But that&#8217;s not all, it also turns emails into task management apps, note creation, and more. Along with the launch, the startup also announced its $8million Series A funding, which was led by Insight Partners.<\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">How do you bootstrap a $20mn+ ? business in 10 years? <br><br>Without any VC\/angel funding.<br><br>(A thread on how <a href=\"https:\/\/twitter.com\/VWO?ref_src=twsrc%5Etfw\">@vwo<\/a>&#39;s evolution)<\/p>&mdash; Paras Chopra (@paraschopra) <a href=\"https:\/\/twitter.com\/paraschopra\/status\/1270331735939653634?ref_src=twsrc%5Etfw\">June 9, 2020<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\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:\/\/medium.com\/redpoint-ventures\/a-look-back-at-q1-public-saas-earnings-e392a7f6f4f8\" target=\"_blank\" rel=\"noreferrer noopener\">A look back at Q1 public SaaS earnings<\/a><\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/venturebeat.com\/2020\/06\/08\/google-meet-noise-cancellation-ai-cloud-denoiser-g-suite\/\" target=\"_blank\">Google Meet noise cancellation is rolling out now \u2014 here\u2019s how it works<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.chargebee.com\/blog\/building-saas-finops\/\" target=\"_blank\" rel=\"noreferrer noopener\">Building blocks of an efficient SaaS finance operations team<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/openviewpartners.com\/blog\/cio-downturn\/#.XuCY2OczaUk\" target=\"_blank\" rel=\"noreferrer noopener\">CIOs from LogMeIn, Vonage and more share how their role has changed in the downturn<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/dev.saasworthy.com\/bloginterview-with-niraj-ranjan-rout-co-founder-and-ceo-hiver\" target=\"_blank\" rel=\"noreferrer noopener\">SaaS Talks: Interview with Niraj Ranjan Rout, Co-founder and CEO at Hiver<\/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>The power of analytics in times of crisis &#8211; and beyond with Amir Orad, Sisense<\/strong><\/p>\n\n\n\n<figure><iframe src=\"https:\/\/www.listennotes.com\/embedded\/e\/903a9979b6834e179d9a4aadd5528efb\/\" height=\"170px\" width=\"100\\%\"><\/iframe><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/business-intelligence-software\" target=\"_blank\" rel=\"noreferrer noopener\">Business intelligence software<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/sisense\" target=\"_blank\" rel=\"noreferrer noopener\">Sisense<\/a> has over 800 employees worldwide and has breached the $100million ARR mark. In this podcast, its CEO, Amir Orad shares why business intelligence is important for companies of all sizes, and not just enterprises. He also discusses how BI tools can help companies in planning, be it for short- or long-term.<\/p>\n\n\n\n<p><strong>How Datadog generates over half a billion in revenue with their product-led go-to-market strategy<\/strong><\/p>\n\n\n\n<figure><iframe src=\"https:\/\/www.listennotes.com\/embedded\/e\/0ea53b5ef44246e09fb346171536fbce\/\" height=\"170px\" width=\"100\\%\"><\/iframe><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/datadog\" target=\"_blank\" rel=\"noreferrer noopener\">Datadog<\/a> is one of the leading <a href=\"https:\/\/www.saasworthy.com\/list\/application-performance-monitoring-tools\" target=\"_blank\" rel=\"noreferrer noopener\">application performance monitoring<\/a> software, and it has grown by focusing on the product-led growth strategy. Its VP of Marketing, Alex Rosemblat explains how it manages to connect to individual developers as well as tech executives at the same time.<\/p>\n\n\n\n<p><strong>What radical transparency truly means and how to implement it and enterprise adoption of cloud during COVID times with David Politis, founder &amp; CEO @ BetterCloud<\/strong><\/p>\n\n\n\n<figure><iframe src=\"https:\/\/www.listennotes.com\/embedded\/e\/4b11d649dc6443a2bade6c0e5b37a54d\/\" height=\"170px\" width=\"100\\%\"><\/iframe><\/figure>\n\n\n\n<p>David Politis, founder and CEO of BetterCloud, a SaaS management platform, talks about his journey into the world of SaaS, the evolution of the SaaS industry. He also discusses what he thinks about the cloud adoption by enterprises, how BetterCloud has achieved radical transparency, how they implement OKRs in the company, and more.<\/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>How to rock your SaaS customer support without adding to your team<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Build Your SaaS Customer Support System\" width=\"788\" height=\"443\" src=\"https:\/\/www.youtube.com\/embed\/YGWwkdnEWvE?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>If you&#8217;re wondering how you enhance your customer support, then this video by Dan Martell is a must-watch. The best way to do that according to him is to build a comprehensive knowledge base for the support team.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s everything that you need to know about the happenings in the world of SaaS in the past week<\/p>\n","protected":false},"author":3,"featured_media":1490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-1488","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: API management startup Postman is the latest unicorn, Snowflake files for an IPO and more - SaaSworthy Blog<\/title>\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-api-management-startup-postman-is-the-latest-unicorn-snowflake-files-for-an-ipo-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: API management startup Postman is the latest unicorn, Snowflake files for an IPO and more - SaaSworthy Blog\" \/>\n<meta property=\"og:description\" content=\"Here&#039;s everything that you need to know about the happenings in the world of SaaS in the past week\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-23-api-management-startup-postman-is-the-latest-unicorn-snowflake-files-for-an-ipo-and-more\" \/>\n<meta property=\"og:site_name\" content=\"SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; 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