SaaS Daily – Nov 11

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At a Glance

 Providence Strategic Growth (PSG), a growth equity firm has secured a majority stake in Paris-based Universign and  Paras, an Indonesian based market for non fungible tokens (NFTs) has raised US $5 million


Hi,
What’s the link between Origami and NASA? NASA for the past five years has been exploring this traditional Japanese art. Using the techniques of origami, NASA’s Jet Propulsion Laboratory is examining how to use the craft of paper-folding to compact solar panels for space travel. Just in case you are wondering, today is Origami day. Quick lesson we are taking, pack a punch with your product that is beautiful outside but is intricate inside.
– Joseph, Karishma, and Angel
☕ What’s brewing in the tech and SaaS world?
🛒  Hypefast, which is South East Asia’s largest house of e-commerce brands and is based in Indonesia. It has raised US $19.5 million in Series A round of funding that was led by Monk’s Hill Ventures; Jungle Ventures and Strive also participated in the fundraising round.
📱  Lista, a bookkeeping app based out of Philippines has raised funding from 1982 Ventures, East Ventures, Saison Capital, Alternate Ventures, and other angel investors. The app is aimed to provide its services to micro, small and medium sized enterprises.
💻  Collibra, a data intelligence company that is based in Brussels, has in Series G round of funding raised $250 million. The funding round has new investor Tiger Global Management, and was led by Sequoia Capital Global Entities and Sofina. The round also saw participation by existing investors Battery Ventures, Capital G, Dawn Capital, Durable Capital Partners LP, ICONIQ Capital, and Index Ventures.
🤖  Helsing, a Berlin based information technology company that utilizes artificial intelligence to implement security, has raised €102.5M in its Series A round, from companies like Prima Materia.
Digital Acceleration Trends of 2022 (Here’s what we are predicting)
​​Confidential computing is a must
Driven by trust and value, businesses and individuals are given assured security and privacy. Cloud is growing big and large, and it is evolving. Companies all over are investing heavily in cloud to enable swift change in times of uncertainty and disruption like in the year 2020.
The idea of confidential computing is to create additional layers of security around sensitive information. Google, Microsoft, IBM, Alibaba and VMware are working to develop protocols and best practices. Other companies too are experimenting to design and deploy tailor-made confidential computing solutions to deal with sensitive data.
Why it is essential to use Confidential Computing:
● To offer protection to sensitive data
● To protect intellectual property
● To collaborate with others for innovative solutions for cloud computing
● To forgo concerns when deciding on cloud providers
● To protect data that is processed ‘at the edge’
It is critical for firms to encrypt their cloud data. Robinhood is a case in point. Offering protection to sensitive data at rest, in transit and in use is the crux of cloud computing. Organizations are set to provide a higher level of risk reduction, protection and privacy assurance.
What are we reading?
🛍️ These platforms are digitising India’s textile industry – Your Story
☁️ Cloud technology is powering the future of retail and hospitality – Wall Street Journal
💸 A ‘whole new class’ of consumers is entering the crypto space – CNBC
📲 Portugal makes it illegal for your boss to text you after work – Slashdot
🤖 Artificial intelligence needs to slow down – Wired
💥 One-time chip supply shocks are over, but the structural deficit persists – Reuters
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