Page 28 - Saas News Today

Kitchener-Waterloo-based OpenText is expanding its portfolio of cloud-native tools for digitizing operations with its acquisition of Irish company KineMatik.

Troubled quick commerce company Dunzo, in desperate need of cash, is in talks for a funding deal with its investors. But with that comes a possible valuation cut of 50%, and some shareholders are not on board. This scuffle and more in todays ETtech Morning Dispatch.

Between January and July, the SaaS industry concluded 50 financing deals, accumulating a total of 4.352 billion yuan ($597.65 million). This marks a sharp decline from the preceding year, where 120 deals amounted to 14.237 billion yuan during the same period in 2022.

Inventive deeptech in this context refers to a mix of creative thinking and advanced technical acumen by companies that have leveraged technologies such as artificial intelligence and machine learning to enhance customer experience. The report, entitled ‘Breaking ground: unravelling the DeepTech Potential in Indian B2B SaaS, surveyed 201 companies to establish how many in the space had filed patents in recent years of an inventive deeptech nature.

Bengalurus Namma Yatri autodrivers wont have a free ride anymore. The ride-hailing app, launched by a city autorickshaw union late last year to counter Uber and Ola, has announced subscription fees for drivers from September 1.

The company is revamping leadership as it looks to capitalize on AI-driven demand for multi-cloud solutions.

The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.

In his previous stint, he was the general manager and vice-president of engineering and product at Twilio where he was responsible for creating a global engineering and product vision for the company. He also led efforts to enhance the engineering roadmap for Myntra to improve their progressive web apps and increase fraud detection and prevention during his tenure as the vice-president of the company.

Magnet Forensics announced that it has acquired Griffeye, a startup that it claims is a world leader in digital-media forensics for child sexual abuse investigations.

Naukri.com parent Info Edge (India) Ltd on Friday said it will invest Rs 10 crore in its wholly-owned subsidiary Zwayam Digital Pvt Ltd. The investment is being done to meet the working capital requirement of Zwayam, Info Edge said in a statement.