{"id":2194,"date":"2020-12-13T18:01:43","date_gmt":"2020-12-13T12:31:43","guid":{"rendered":"https:\/\/www.saasworthy.com\/blog\/?p=2194"},"modified":"2020-12-13T18:01:59","modified_gmt":"2020-12-13T12:31:59","slug":"saas-weekly-roundup-49-pubmatic-c3-ai-ipo-cisco-acquisitions-and-more","status":"publish","type":"post","link":"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-49-pubmatic-c3-ai-ipo-cisco-acquisitions-and-more","title":{"rendered":"SaaS weekly roundup #49: PubMatic and C3.ai&#8217;s IPO, Cisco&#8217;s acquisitions, and more"},"content":{"rendered":"\n<p>If you think just last week was super buzzy in the world of SaaS, then you couldn&#8217;t be more wrong. While it&#8217;s difficult to top the news of <a rel=\"noreferrer noopener\" href=\"https:\/\/dev.saasworthy.com\/blogtop-salesforce-acquisitions\" target=\"_blank\">Slack being acquired by Salesforce<\/a>, we did see some IPOs, funding announcements, and acquisitions. So, let&#8217;s begin.<\/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-49-pubmatic-c3-ai-ipo-cisco-acquisitions-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-49-pubmatic-c3-ai-ipo-cisco-acquisitions-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-49-pubmatic-c3-ai-ipo-cisco-acquisitions-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-49-pubmatic-c3-ai-ipo-cisco-acquisitions-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-49-pubmatic-c3-ai-ipo-cisco-acquisitions-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.barrons.com\/articles\/pubmatic-ipo-set-to-open-after-adtech-company-raises-118-million-51607528312\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>PubMatic stock soars after the Adtech company raised $118million in its IPO<\/strong><\/a><\/p>\n\n\n\n<p>The past week saw IPOs like DoorDash and AirBnB doubling their valuations, but there were other companies too that made their public debut. PubMatic, a programmatic advertising company, managed to raise $118million in its IPO, a 47 percent increase in its share price.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.investors.com\/news\/technology\/c3-ai-ipo-initial-public-offering-pricing-trades-ai\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>C3.ai IPO stock, after a triple-digit gain, continues climbing<\/strong><\/a><\/p>\n\n\n\n<p>Another IPO in the space this week was C3.ai with the stock ticker AI. Its share debuted at $42 and managed to raise $651million for the enterprise AI company.<\/p>\n\n\n\n<p><strong>Cisco goes on an acquisition spree<\/strong><\/p>\n\n\n\n<p>The networking giant has paid $730million to <a href=\"https:\/\/www.zdnet.com\/article\/cisco-acquires-customer-interaction-solutions-provider-imimobile-in-730m-deal\/\" target=\"_blank\" rel=\"noreferrer noopener\">acquire<\/a> customer interaction platform IMImobile. The deal will help the company provide end-to-end Customer Experience as a Service (CXaaS).<\/p>\n\n\n\n<p>To add to the features of WebEx, Cisco has <a href=\"https:\/\/techcrunch.com\/2020\/12\/07\/cisco-acquires-slido-to-improve-qa-polls-and-engagement-in-webex-videoconferencing\/\" target=\"_blank\" rel=\"noreferrer noopener\">purchased<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/slido\" target=\"_blank\" rel=\"noreferrer noopener\">Slido<\/a>, the company that makes it easy for people to moderate questions and interactions in a virtual event. While the terms of the acquisition weren&#8217;t disclosed, Slido had 7million users.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.finsmes.com\/2020\/12\/techtarget-announces-definitive-agreement-to-acquire-brighttalk-a-leading-virtual-events-platform-in-the-enterprise-it-market.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TechTarget announces definitive agreement to acquire BrightTALK, a leading virtual events platform in the enterprise IT market<\/strong><\/a><\/p>\n\n\n\n<p>TechTarget, which provides purchase intent data for B2B technology, has acquired <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/virtual-event-platforms\" target=\"_blank\">virtual event platform<\/a> BrightTALK for $150million. Over 8million users have registered on BrightTALK for attending events, and it&#8217;s being growing amidst the pandemic like other virtual event software. TechTarget believes that the acquisition will help it expanding its purchase intent data and benefit from the move to online events.<\/p>\n\n\n\n<p><strong>Related read:<\/strong> <a href=\"https:\/\/dev.saasworthy.com\/blogtop-virtual-event-software\" target=\"_blank\" rel=\"noreferrer noopener\">Top virtual event software in 2020<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/siliconangle.com\/2020\/12\/10\/adobe-leaps-past-analyst-expectations-record-quarterly-revenue\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Adobe leaps past forecasts to record quarterly revenue<\/strong><\/a><\/p>\n\n\n\n<p>Adobe has been able to move to subscription and cloud quite well, and that&#8217;s reflecting in its quarterly reports too. The Photoshop maker beats analysts&#8217; expectations with a revenue of $3.42billion, 14 percent up from last year. The revenue for the fiscal year 2020 increased by 15 percent to $12.87billion.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.zdnet.com\/article\/microsoft-teams-and-slack-rival-kotlin-maker-jetbrains-launches-space-for-developers\/#ftag=RSSbaffb68\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Microsoft Teams and Slack rival? Kotlin-maker JetBrains launches Space for developers<\/strong><\/a><\/p>\n\n\n\n<p>Is there a space for another player in the <a href=\"https:\/\/www.saasworthy.com\/list\/collaboration-software\" target=\"_blank\" rel=\"noreferrer noopener\">collaboration software<\/a> segment? Well, the company behind programming language Kotlin thinks so as it has announced Space. Aimed at developers, the software comes with the usual features such as chats, meetings, calendars, etc., but also things like automation CI\/CD and turn-based code reviews.<\/p>\n\n\n\n<p><a href=\"https:\/\/digiday.com\/media\/axios-is-entering-into-the-software-licensing-business\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Axios is entering into the software licensing business with a new tool to help companies communicate<\/strong><\/a><\/p>\n\n\n\n<p>Publishers have been licensing their products to others for quite some time. Be it The Washington Post&#8217;s Arc CMS or Vox&#8217;s Chorus, but now Axios is joining the fray with a SaaS that helps businesses write succinctly. It&#8217;ll be debuting in February next year, but is already been tested by the likes of AT&amp;T and Delta for the past year.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2020\/12\/08\/sap-latest-enterprise-software-giant-to-offer-low-code-workflow\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>SAP latest enterprise software giant to offer low-code workflow<\/strong><\/a><\/p>\n\n\n\n<p>With <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/low-code-development-platforms-lcdp-software\" target=\"_blank\">low-code<\/a> being in the news, SAP has also joined the club with the launch of SAP Cloud Workflow Management, SAP Ruum, and SAP Intelligent Robotic Process Automation. These tools will help people with no coding knowledge to develop workflows.<\/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:\/\/www.techinasia.com\/singapores-gic-leads-100m-series-chinese-saas-startup-huice\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Singapore\u2019s GIC leads $100million series C round for Chinese SaaS startup Huice<\/strong><\/a><\/p>\n\n\n\n<p>Chinese company Huice, a provider of <a href=\"https:\/\/www.saasworthy.com\/list\/erp-software\" target=\"_blank\" rel=\"noreferrer noopener\">ERP software<\/a> for e-commerce firms, has closed a $100million Series C funding round. Led by Singapore&#8217;s sovereign wealth fund GIC, the company will be using the funds to improve its product and hire employees.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2020\/12\/09\/squire-series-c\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Squire, a barbershop tech startup, triples its valuation to $250million in latest round<\/strong><\/a><\/p>\n\n\n\n<p>Squire provides software to barber shops to help them manage their bookings while allowing the customer to schedule appointments, have loyalty programs, and enable cashless payment. While the startup&#8217;s revenue went to zero at the beginning of the pandemic, its adoption increased as it allowed people to book their appointments, and hence it seems to have nabbed a $59million with a valuation of $250million.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.finsmes.com\/2020\/12\/callrail-raises-56m-in-funding.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>CallRail Raises $56million In Funding<\/strong><\/a><\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/inbound-call-tracking-software\" target=\"_blank\">Call tracking<\/a> and marketing analytics platform <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/callrail\" target=\"_blank\">CallRail<\/a> has received $56million funding from its existing backers like Sageview Capital and Leaders Fund. The company also disclosed that its ARR has reached the $60million mark.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2020\/12\/09\/firebolt-raises-37m-to-take-on-snowflake-amazon-and-google-with-a-new-approach-to-data-warehousing\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Firebolt raises $37million to take on Snowflake, Amazon and Google with a new approach to data warehousing<\/strong><\/a><\/p>\n\n\n\n<p>With organizations moving their data to cloud or having a hybrid approach, it seems the data warehousing space is quite hot. <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/snowflake\" target=\"_blank\">Snowflake<\/a> has made a stunning debut in the public markets, and now a company that&#8217;s challenging it has gotten $37million in funding. Firebolt aims to use the funding to develop its product and expand its customer base.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2020\/12\/09\/getaccept-raises-20m-series-b-led-by-bessemer-to-expand-its-sales-platform-for-smbs\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>GetAccept raises $20million Series B, led by Bessemer, to expand its sales platform for SMBs<\/strong><\/a><\/p>\n\n\n\n<p>All-in-one digital sales platform <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/getaccept\" target=\"_blank\">GetAccept<\/a> has raised $20million in Series B round. Led by Bessemer Venture Partners, the company will be deploying the funding to expand to the SMB segment.<\/p>\n\n\n\n<p><a href=\"https:\/\/news.crunchbase.com\/news\/workramp-lands-17m-series-b\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>WorkRamp lands $17million Series B<\/strong><\/a><\/p>\n\n\n\n<p>WorkRamp is an enterprise learning platform, which turns boring tasks such as compliance training into bite-sized learning activities. It has gotten $17million funding in a Series B round led by OMERS Ventures.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2020\/12\/10\/userleap-raises-16-million-to-bring-better-qualitative-data-to-pms\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>UserLeap raises $16million to bring better qualitative data to PMs<\/strong><\/a><\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/getaccept\" target=\"_blank\">UserLeap<\/a> aims to help product managers by bringing high-quality data to them. Founder by serial product manager Ryan Glasgow, UserLeap allows product teams to insert short line of code into the product to deliver contextual micro-surveys to users. The startup has raised $16million Series A funding to bring this vision to reality.<\/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\">\nhttps:\/\/twitter.com\/Julian\/status\/1337831019546779649\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:\/\/www.weforum.org\/agenda\/2020\/12\/cloud-and-saas-technology-can-drive-inclusive-banking\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cloud and SaaS technology can drive inclusive banking. Here are 3 reasons how<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.securitymagazine.com\/articles\/94132-how-organizations-can-avoid-todays-biggest-saas-data-security-issues\" target=\"_blank\" rel=\"noreferrer noopener\">How organizations can avoid today\u2019s biggest SaaS data security issues<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.techradar.com\/news\/as-education-goes-virtual-its-time-to-get-saas-y-on-app-security\" target=\"_blank\" rel=\"noreferrer noopener\">As education goes virtual, it\u2019s time to get SaaS-y on app security<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/sagieliyahu.medium.com\/salesforce-acquiring-slack-signals-saas-2-0-77a59011f35e\" target=\"_blank\" rel=\"noreferrer noopener\">Salesforce acquiring Slack signals \u201cSaaS 2.0\u201d<\/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>Creating a better presentation software, competing with PowerPoint, Keynote &amp; Google Slides &amp; achieving great design with Pitch CEO Christian Reber<\/strong><\/p>\n\n\n\n<figure><iframe src=\"https:\/\/www.listennotes.com\/embedded\/e\/5514478494374f6998d31e726e1ae4ea\/\" height=\"170px\" width=\"100\\%\"><\/iframe><\/figure>\n\n\n\n<p>Angel investor Jason Calcanis continues to interview people in the SaaS space as part of \u201crising stars of SaaS\u201d series, and this week, his attention turned to Christian Reber, who had co-founded Wunderlist (acquired by Microsoft). He has started a new company dubbed <a href=\"https:\/\/www.saasworthy.com\/product\/pitch\" target=\"_blank\" rel=\"noreferrer noopener\">Pitch<\/a>, which aims to make it easier to create a world-class presentation.<\/p>\n\n\n\n<p><strong>Hosting online summits for Your SaaS to grow your authority, partnerships and revenue, with Natalie Luneva<\/strong><\/p>\n\n\n\n<figure><iframe src=\"https:\/\/www.listennotes.com\/embedded\/e\/fbcc946019cb451f885a38f03aee7805\/\" height=\"170px\" width=\"100\\%\"><\/iframe><\/figure>\n\n\n\n<p>In this podcast, Natalie Luneva, growth and team performance coach for SaaS companies, shares how to think about online summits, how they can help the startup, how to approach speakers, sponsors and more. She highlights that the summits not only help in getting leads, but also in creating connections with industry leaders, generating content, and more.<\/p>\n\n\n\n<p><strong>Solving the customer success equation: Nick Mehta on delivering value at scale<\/strong><\/p>\n\n\n\n<figure><iframe src=\"https:\/\/www.listennotes.com\/embedded\/e\/817cc07bff3a4b31bd631ad100258039\/\" height=\"170px\" width=\"100\\%\"><\/iframe><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/gainsight-px\" target=\"_blank\" rel=\"noreferrer noopener\">GainSight<\/a> has moved from strength to strength over the years, and its CEO Nick Mehta shares about the journey. He talks about the customer success equation and how customer success can help in scaling the business.<\/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>AI offers a new kind of IT management for cloud\/SaaS service spree<\/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=\"Ali Siddiqui, BMC Software | AWS re:Invent 2020\" width=\"788\" height=\"443\" src=\"https:\/\/www.youtube.com\/embed\/VRUIDndPwbY?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><a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/it-asset-management-itam-software\" target=\"_blank\">IT Service Management company<\/a> BMC Software&#8217;s chief product officer Ali Siddiqui talks about how the company is taking out service issues with the use of AI <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/chatbots-software\" target=\"_blank\">chatbot<\/a>. He also highlights the company&#8217;s partnership with <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/aws-chatbot\" target=\"_blank\">AWS<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you think just last week was super buzzy in the world of SaaS, then you couldn&#8217;t be more wrong. While it&#8217;s difficult to top the news of Slack being acquired by Salesforce, we did see some IPOs, funding announcements, and acquisitions. So, let&#8217;s begin. News of the week PubMatic stock soars after the Adtech<\/p>\n","protected":false},"author":3,"featured_media":2195,"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-2194","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 #49: PubMatic and C3.ai&#039;s IPO, Cisco&#039;s acquisitions, 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-49-pubmatic-c3-ai-ipo-cisco-acquisitions-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 #49: PubMatic and C3.ai&#039;s IPO, Cisco&#039;s acquisitions, and more - SaaSworthy Blog\" \/>\n<meta property=\"og:description\" content=\"If you think just last week was super buzzy in the world of SaaS, then you couldn&#8217;t be more wrong. While it&#8217;s difficult to top the news of Slack being acquired by Salesforce, we did see some IPOs, funding announcements, and acquisitions. So, let&#8217;s begin. 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