{"id":3328,"date":"2021-05-23T16:51:11","date_gmt":"2021-05-23T11:21:11","guid":{"rendered":"https:\/\/www.saasworthy.com\/blog\/?p=3328"},"modified":"2021-05-23T17:20:41","modified_gmt":"2021-05-23T11:50:41","slug":"saas-weekly-roundup-21-google-workspace-introduces-smart-chips-squarespace-goes-public-and-more","status":"publish","type":"post","link":"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-21-google-workspace-introduces-smart-chips-squarespace-goes-public-and-more","title":{"rendered":"SaaS weekly roundup #21: Google Workspace introduces Smart Chips, Squarespace goes public, and more"},"content":{"rendered":"\n<p>As per a <a rel=\"noreferrer noopener\" href=\"https:\/\/news.crunchbase.com\/news\/growth-firms-the-most-active-investors-doubling-down-on-new-unicorns-this-year\/\" target=\"_blank\">report by <em>Crunchbase<\/em><\/a>, the number of startups that raised the funding to become a unicorn (or raised more funding after being a unicorn) in 2021 has already crossed the number of unicorns in 2020 (166 vs 163). Of course, these include all sorts of companies and not just those who&#8217;re in the SaaS industry. But if you take a closer look, you&#8217;ll find a lot of SaaS companies only. And if you&#8217;ve been a regular reader of this roundup, then this won&#8217;t come as a surprise. The funding pace in the space continues unabated, and we&#8217;re seeing a lot of acquisitions too. So, what did the previous week held in store for us? A lot of the same, and a lot of new things too (in the form of news and more)&#8230;<\/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-21-google-workspace-introduces-smart-chips-squarespace-goes-public-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-21-google-workspace-introduces-smart-chips-squarespace-goes-public-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-21-google-workspace-introduces-smart-chips-squarespace-goes-public-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-21-google-workspace-introduces-smart-chips-squarespace-goes-public-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-21-google-workspace-introduces-smart-chips-squarespace-goes-public-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.theverge.com\/2021\/5\/18\/22440226\/google-workspace-smart-canvas-features-docs-updates?scrolla=5eb6d68b7fedc32c19ef33b4\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Google Workspace turns to &#8216;Smart Chips&#8217; to weave Docs, Tasks, and Meet together<\/strong><\/a><\/p>\n\n\n\n<p>The search giant announced a dozen of new updates to <a href=\"https:\/\/www.saasworthy.com\/product\/google-workspace\" target=\"_blank\" rel=\"noreferrer noopener\">Workspace<\/a>. Chief among them is a concept dubbed Chips, which lets you add not just contacts to a document, but even other Sheets, etc. by using the @ symbol. The Smart Canvas feature brings some much-needed smarts to the Workspace and will help it compete with the likes of <a href=\"https:\/\/www.saasworthy.com\/product\/notion-so\" target=\"_blank\" rel=\"noreferrer noopener\">Notion<\/a>, which is fluid with any kind of content that one can add. There are several other additions too such as the ability to do video calls within the docs, and get a Grammarly-like language checker, among other things.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2021\/05\/18\/google-partners-with-shopify-on-online-shopping-expansion\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Google partners with Shopify on online shopping expansion<\/strong><\/a><\/p>\n\n\n\n<p>Google also announced a partnership with <a href=\"https:\/\/www.saasworthy.com\/product\/shopify\" target=\"_blank\" rel=\"noreferrer noopener\">Shopify<\/a> to allow its merchants to sign up quickly on Google and allow them to appear their products on its various offerings such as Search, Maps, Images, Lens, and YouTube.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.microsoft.com\/en-us\/microsoft-365\/blog\/2021\/05\/17\/microsoft-teams-now-brings-family-and-friends-together-to-call-chat-and-make-plans\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Microsoft Teams now brings family and friends together to call, chat, and make plans<\/strong><\/a><\/p>\n\n\n\n<p>It seems that consumerization of B2B products continue to take place. After announcing it earlier, the software giant Microsoft has announced <a href=\"https:\/\/www.saasworthy.com\/product\/microsoft-teams\" target=\"_blank\" rel=\"noreferrer noopener\">Microsoft Teams<\/a> for personal use. This means, that friends and family member can chat, do voice \/ video calls, share content, and more.<\/p>\n\n\n\n<p><a href=\"https:\/\/news.crunchbase.com\/news\/squarespace-shares-fall-in-direct-listing-debut\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Squarespace shares fall in direct listing debut<\/strong><\/a><\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/website-builder-software\" target=\"_blank\">Website builder software<\/a> <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/squarespace\" target=\"_blank\">Squarespace<\/a> made its public debut earlier this week. While it chose a direct listing \u2013 similar to <a href=\"https:\/\/www.saasworthy.com\/product\/asana\" target=\"_blank\" rel=\"noreferrer noopener\">Asana <\/a>and Spotify \u2013 its price fell to $43.31, which was below the reference price of $50.<\/p>\n\n\n\n<p><strong>Related read:<\/strong> <a href=\"https:\/\/www.cnbc.com\/2021\/05\/19\/squarespace-ceo-worth-2point4-billion-after-web-company-holds-nyse-debut.html\" target=\"_blank\" rel=\"noreferrer noopener\">Squarespace CEO is worth $2.4 billion after web company he built in college debuts on NYSE<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-20\/construction-software-firm-procore-raises-634-5-million-in-ipo\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Procore raises $634.5million in IPO priced above range<\/strong><\/a><\/p>\n\n\n\n<p>Cloud-based construction software company <a href=\"https:\/\/www.saasworthy.com\/product\/procore\" target=\"_blank\" rel=\"noreferrer noopener\">Procore<\/a> got a price of $67 per share, higher than its planned price of $60 to $65. This helped the company raise $634.5million, and it&#8217;ll be listed on NYSE with the symbol PCOR.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.geekwire.com\/2021\/twilio-acquire-seattle-business-texting-startup-zipwhip-850m\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Twilio to acquire Seattle business texting startup Zipwhip for $850million<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/zipwhip\" target=\"_blank\" rel=\"noreferrer noopener\">Cloud communications company<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/twilio-flex\" target=\"_blank\" rel=\"noreferrer noopener\">Twilio<\/a> has made a name for itself with its acquisitions. The latest company that&#8217;s going in its fold is business-texting startup Zipwhip. The deal is pegged at $850million in cash and stocks, and <a href=\"https:\/\/www.saasworthy.com\/product\/zipwhip\" target=\"_blank\" rel=\"noreferrer noopener\">Zipwhip<\/a> will become a part of Twilio&#8217;s Messaging Business Unit.<\/p>\n\n\n\n<p><a href=\"https:\/\/stripe.com\/newsroom\/news\/bouncer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Stripe acquires Bouncer to help businesses with fraud prevention<\/strong><\/a><\/p>\n\n\n\n<p>Payment giant <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/stripe-billing\" target=\"_blank\">Stripe<\/a> has acquired Bouncer, a company that provides card scanning technology to reduce fraud during online transactions. While the terms of the deal weren&#8217;t disclosed, Bouncer will be used to improve <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/stripe-radar\" target=\"_blank\">Stripe Radar<\/a> to identify high-risk transactions.<\/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.forbes.com\/sites\/rebeccaszkutak\/2021\/05\/18\/boston-startup-klaviyo-raises-320-million-doubling-its-valuation-to-95-billion-in-seven-months\/?sh=6641feb835d1\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Boston startup Klaviyo raises $320million, doubling its valuation to $9.5billion in seven months<\/strong><\/a><\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/klaviyo\" target=\"_blank\">Klaviyo<\/a>, a <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/marketing-automation-software\" target=\"_blank\">marketing automation software<\/a>, has closed a $320million Series D funding round\u00a0\u2013 just seven after raising a $200million Series C round. Now it&#8217;s valued at $9.5billion, and the company also highlighted that it has doubled its paying customers in the past 12 months. Led by Sands Capital, the company aims to expand to more markets and focusing on new verticals such as healthcare and financial services.<\/p>\n\n\n\n<p><a href=\"https:\/\/siliconangle.com\/2021\/05\/19\/industrial-saas-startup-cognite-raises-150m-unicorn-valuation-1-6b\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Industrial SaaS startup Cognite raises $150million on a unicorn valuation of $1.6billion<\/strong><\/a><\/p>\n\n\n\n<p>Cognite provides an industrial IoT platform for legacy industries to help them become more sustainable and profitable. It has received $150million in funding led by TCV, which will also help it in international expansion.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.loom.com\/blog\/loom-series-c\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Loom raises $130million Series C to unlock the potential of video for hybrid work<\/strong><\/a><\/p>\n\n\n\n<p>Remote work is creating a new paradigm for working, and <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/loom\" target=\"_blank\">Loom<\/a> is leading that from the front. Instead of real-time <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/video-conferencing-software\" target=\"_blank\">video calls<\/a> through software like <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/zoom\" target=\"_blank\">Zoom<\/a>, it enables asynchronous videos. The startup already has over 10million users across 120,000+ companies, and for growing further, it has gotten $130million Series C funding led by A16z.<\/p>\n\n\n\n<p><a href=\"https:\/\/venturebeat.com\/2021\/05\/20\/presentation-platform-pitch-eyes-the-enterprise-with-85m-raise\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Presentation platform Pitch eyes the enterprise with $85million raise<\/strong><\/a><\/p>\n\n\n\n<p>Collaborative presentation platform <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/product\/pitch\" target=\"_blank\">Pitch<\/a> has announced a Series B funding of $85million. The platform lets team members <a rel=\"noreferrer noopener\" href=\"https:\/\/www.saasworthy.com\/list\/collaboration-software\" target=\"_blank\">collaborate<\/a> with each other on a video chat to discuss the presentation. Pitch also integrates with third-party apps like Google Analytics to integrate the data quickly. With the funding, the startup plans to introduce an enterprise plan.<\/p>\n\n\n\n<p><a href=\"https:\/\/devops.com\/salto-secures-42-million-series-b-to-unlock-value-across-saas-applications-and-bring-agility-to-business-operations\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Salto secures $42million Series B to unlock value across SaaS applications and bring agility to business operations<\/strong><\/a><\/p>\n\n\n\n<p>Business operations startup Salto has announced its Series B funding round of $42million. The startup helps in managing the umpteen SaaS applications that an organization has. Led by Accel, the startup has raised a total of $69million till now.<\/p>\n\n\n\n<p><a href=\"https:\/\/yourstory.com\/2021\/05\/funding-alert-nextbillion-ai-microsoft-m12-venture-fund-saas\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>NextBillion.ai raises $6.25million in Series A round from M12<\/strong><\/a><\/p>\n\n\n\n<p>AI spatial data startup NextBillion has received another $6.25million from Microsoft&#8217;s M12 as part of its Series A round. The startup helps enterprises in building, scaling, and managing their spatial data ecosystem at scale.<\/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\">The single biggest mistake I see companies make when it comes to customer centricity is treating it like an initiative. <br><br>But &quot;customer-first&quot; is not a project, it&#39;s a way of being.<\/p>&mdash; Yamini Rangan (@yaminirangan) <a href=\"https:\/\/twitter.com\/yaminirangan\/status\/1394696194132226059?ref_src=twsrc%5Etfw\">May 18, 2021<\/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:\/\/yourstory.com\/2021\/04\/adoption-benefits-saas-video-communication-industry\/\" target=\"_blank\" rel=\"noreferrer noopener\">The adoption and benefits of SaaS in the video communication industry<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/openviewpartners.com\/blog\/marketing-to-developers\/\" target=\"_blank\" rel=\"noreferrer noopener\">Marketing to developers: core values and tactical tips from GitLab\u2019s former CMO<\/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>Astha Malik (Zendesk): Product Marketing 101<\/strong><\/p>\n\n\n\n<figure><iframe src=\"https:\/\/www.listennotes.com\/embedded\/e\/9a39069999504d449f5f6ec10bbceda6\/\" height=\"170px\" width=\"100%\"><\/iframe><\/figure>\n\n\n\n<p>Product marketing is used quite often, but not everyone understands it well. <a href=\"https:\/\/www.saasworthy.com\/product\/zendesk-support\" target=\"_blank\" rel=\"noreferrer noopener\">Zendesk&#8217;s<\/a> Astha Malik explains all you need to know about product marketing, and how it&#8217;s connected to the company at various revenue stages.<\/p>\n\n\n\n<p><strong>Segment&#8217;s Peter Reinhardt &#8211; learning how to sell<\/strong><\/p>\n\n\n\n<figure><iframe src=\"https:\/\/www.listennotes.com\/embedded\/e\/f87e02a7cfc74523ae6ecfa36cd2fd6d\/\" height=\"170px\" width=\"100%\"><\/iframe><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/segment\" target=\"_blank\" rel=\"noreferrer noopener\">Segment<\/a>&nbsp;\u2013 a <a href=\"https:\/\/www.saasworthy.com\/list\/customer-data-platform-cdp\" target=\"_blank\" rel=\"noreferrer noopener\">customer data platform<\/a>&nbsp;\u2013 was in news last year when it was acquired by Twilio. However, there&#8217;s a lot of other things that make it unique, including the story of its inception. In this podcast, listen to its co-founder and CEO Peter Reinhardt as he shares the journey of Segment, along with his sales philosophy, revenue operations, and more.<\/p>\n\n\n\n<p><strong>Dover: How to Get Customers without a Product or Website with George Carollo<\/strong><\/p>\n\n\n\n<figure><iframe src=\"https:\/\/www.listennotes.com\/embedded\/e\/bb4d3373a2fe4b02b76c0ccce423f7df\/\" height=\"170px\" width=\"100%\"><\/iframe><\/figure>\n\n\n\n<p>Dover is an end-to-end recruiting platform that uses advanced software to find the perfect candidates and drives the recruiting process. However, it&#8217;s the story of how its co-founder George Carollo got his initial customers without even having a product or website, that&#8217;s quite fascinating.<\/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>Where SaaS Companies Fail | Matt Wolach<\/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=\"Where SaaS Companies Fail | Matt Wolach\" width=\"788\" height=\"443\" src=\"https:\/\/www.youtube.com\/embed\/adgBBazgnps?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>While we talk about successful SaaS companies, it&#8217;s equally important to talk about companies that didn&#8217;t succeed. This will help one understand what went wrong and not repeat those mistakes. In this video, Matt Wolach talks about four reasons most companies fail, why such issues arise, how to overcome them, and more.<\/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":3329,"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-3328","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 #21: Google Workspace introduces Smart Chips, Squarespace goes public, 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-21-google-workspace-introduces-smart-chips-squarespace-goes-public-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 #21: Google Workspace introduces Smart Chips, Squarespace goes public, 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-21-google-workspace-introduces-smart-chips-squarespace-goes-public-and-more\" \/>\n<meta property=\"og:site_name\" content=\"SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; 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