Instacart is acquiring catering software company FoodStorm

On-demand grocery delivery platform Instacart announced this morning that it’s acquiring FoodStorm, a SaaS order management system (OMS) that powers end-to-end order-ahead and catering for grocery retailers. The companies have not disclosed the financial details of the deal, but as part of the acquisition, Instacart will integrate FoodStorm’s technology into its suite of enterprise grocery […]

Tekion, the automotive retail platform headed by a former Tesla CIO, just tripled in value

A year ago, we told you about the opportunity that former Tesla CIO Jay Vijayan was chasing. His plan? To pull car dealers into the 21st century with a snazzy end-to-end automative SaaS platform like the one he helped develop inside Tesla. Customers could use it to order a car to their precise specifications; dealers […]

Sure raises $100M at a $550M valuation to help companies launch insurance products with its ‘flexible’ APIs

Sure, an insurance infrastructure startup, announced today that it has closed on $100 million in Series C funding at a $550 million valuation. New York-based Declaration Partners and European growth investor Kinnevik co-led the financing, which also included participation from WndrCo and existing backers W. R. Berkley and Menlo Ventures. The round brings the Santa […]

From bootstrapped to a $417M valuation, Chile’s Buk raises $50M for its HR management platform

Chile’s Buk, which has developed a human resources management platform for Latin American companies, announced today that it has raised $50 million in a Series A funding round that values the company at $417 million. There are a few notable things about this financing. For one, it represents one of the largest (if not the) […]

Adaptive Shield lands $30M Series A to build out its SaaS security platform

Adaptive Shield, a Tel Aviv-based startup that automates the security of software-as-a-service (SaaS) applications, has secured $30 million in Series A funding led by Insight Partners. The funding round, which also saw participation from Okta Ventures and existing investor Vertex Ventures Israel, follows a $4 million seed round in 2019. The company tells TechCrunch it will […]

Jared Spataro will talk about building Microsoft’s SaaS business at TC Sessions: SaaS

Jared Spataro has been with Microsoft for more than 15 years now, and he has been part of the transition from an on-prem software company to a SaaS business. Today his official title is corporate VP in charge of the company’s biggest SaaS product, Office 365. Spataro is going to join us on October 27th […]

DevOps market demand drives quick Series C turnaround for Esper

CEO Yadhu Gopalan said Insight proactively approached the company, and Esper “jumped at the opportunity to partner with them to accelerate our trajectory and predict market growth quicker.”