SaaS Daily – Nov 17

At a Glance

Zesty, a company that provides tools to reduce the cost of using cloud, procured $35 million and ThoughtSpot, a business data analytics startup, has obtained a $100M in a Series F

The interesting fact about the Suez Canal is that the 163 kms. long waterway is one of the world’s most used shipping lanes. In terms of digitisation, cloud computing has become the most demanded services in the current situation. Servers, storage, databases, softwares, networking, analytics, and there is a plethora of services offered under this.
How well have you utilized the cloud?
– Joseph, Karishma, and Angel
☕ What is brewing in the tech and SaaS world?
☁️ Zesty, a company that provides tools to reduce the cost of using cloud, procured $35 million in a Series A funding round. The company is dealing with the important aspect of keeping cloud based applications running without incurring much expenses.
???? Mixpanel, a web analytics company has received $200 million in a Series C from Bain Capital Tech Opportunities. The company aims to utilize the fund to focus on product analytics.
???? Kubermatic, a company based in Hamburg has raised $6 million in its seed round of funding. The company automates operations of Kubernetes clusters in different virtual environments. It was originally designed by Google and is now maintained by the Cloud Native Computing Foundation (CNCF).
???? Justt, a Tel Aviv based chargeback mitigation startup, has received a total funding of $70 million. The company combines the power of AI with human expertise.
???? Pistil Data, a cannabis market intelligence platform, has secured $6.5 million in a seed round led by Snoop Dogg’s Casa Verde. JW Partners and other entrepreneurs participated in the seed round. The company makes market intelligence accessible and organizes billions of data points for customized sales opportunities for cannabis brands.
???? ThoughtSpot, a business data analytics startup, has obtained a $100M in a Series F round of funding. The company had pivoted to a cloud based subscription model last fall.
Business Laggards or Leaders
The MIT CISR Digital Disruption Survey reports that digital leaders were 7 times more innovative, 3 times more profitable, and provided a 38 percent better customer experience than digital laggards. The poll shows that CIOs of digital leaders devote 52 percent of their time to innovation, whereas CIOs of digital laggards devote only 16 percent. Since the disruption caused by the pandemic, this digital divide has only widened in proposition and position.
Business leaders need to keep themselves repositioned to endeavor to face any onslaught. The pandemic is only teaching them to arm themselves to scale new heights in the new digital economy.
Business laggards are often slow in pace since they are seen to be adopting new technologies for the first time, basically to maintain operations. They are not mindful to leverage thoughtful organisational change, and so are also least likely to consider employee happiness; working out flexible work arrangements could be an example.
While the rate of change is unprecedented, business leaders stand exceptional in taking critical steps to ensure scaling across, by introducing agile ways of working, reinforcing organisational culture led by innovation, upskilling the workforce – while implementing new technology. All this gears the business to create fresh sustainable value for the stakeholders.
Reads, Views and Listens
???? Meta wants you to feel the metaverse with high-tech haptic gloves. – CNET
???? Can an AI ease the stress of recruiting? – The Verge
⚡ A big green energy win – Wired
????‍???? Hating work is having a moment – Vox
???? Encouraging signs are visible on key inflation drivers such as used car prices and oil – CNBC

????????How to block your phone from interrupting you? – The New York Times

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