Page 9 - Saas News Today

Qdrant is an Open-Source Vector Database and Vector Search Engine written in Rust. It provides fast and scalable vector similarity search service with convenient API.

According to the global software-as-a-service (SaaS) company Netcore Cloud, genAI emerges as a top investment priority, with CEOs foreseeing a tangible payoff within the upcoming three to five years. �� GenAI Investments: 7 in 10 CEOs Globally Planning To Invest in Generative Artificial Intelligence, Says Report.

Plus: 7shifts cuts 19 percent of staff in new layoffs to start 2024.

Vancouver-based Beatdapp, which develops fraud detection technology for the music industry, has revealed $22.9 million CAD in growth financing.

Saskatoon-based startup 7shifts has recently laid off 68 employees as part of a push to become more efficient, BetaKit has learned.

Of the Canadian tech companies that have attained the coveted status of unicorn, several are currently hiring sales leaders in Canada.

Valsoft Corporation, a Montréal-based firm that seeks to acquire and scale vertical software companies, has closed $229 million CAD in growth funding as it looks to expand its portfolio.

Vistara Growth recently closed $200 million for its fifth private credit fund.

ActiveState, Acuity Insights, AnalytixInsight, Volaris Group also named new CEOs just this week.

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