Text Blaze, Cymulate, Rainforest, Obviously.AI Raises Funds | FPT Corporation acquires Base.vn | SUSE seeks valuation of nearly $7 billion in IPO

The SaaS News Roundup

Text Blaze, which was a part of the recent Winter 2021 Y Combinator accelerator, raises $3.3 million in seed round. The company’s investment was led by Two Sigma Ventures, and Susa Ventures. With it’s new funding , they are planning to expand it’s staff from four, to ten. Text Blaze’s speed-writing automation service has a freemium model, and a consumer paid offering that costs just $2.99 monthly.

Cymulate raises $45 Million in Series C, to test and improve cybersecurity defenses via attack simulations. The funding was led by London-based One Peak Partners. Cymulate, lets organizations and their partners, run machine-based attack simulations on their networks to determine vulnerabilities, and automatically receive guidance on how to fix what is not working. Co-headquartered in Israel and New York, the firm will be using to continue investing in its platform, and to ramp up its operations. Cymulate doubled its revenues last year, on the back of a customer list, that now upwards of 300 large enterprises and mid-market companies, including the Euronext stock exchange network, as well as service providers such as NTT and Telit.

Rainforest raises seed funding of $36 million led by Nordstar, with participation from Insignia Venture Partners. This includes equity financing of $6.5 million, and a $30 million debt facility, from an undisclosed American debt fund. Rainforest’s portfolio currently includes three brands, which it acquired for about $1 million each. The company wants to wait until its portfolio is larger, before disclosing what brands it owns.

FPT Corporation, Vietnam’s largest technology and IT services group, has acquired SaaS startup, ‘Base.vn’, for an undisclosed sum. The deal was announced at an event held in Ho Chi Minh City today. FPT’s offer came at a time that Base.vn was trying to raise a new funding round. The SaaS firm says that its client base includes more than 5,000 Vietnamese corporations, as well as small and medium-sized enterprises.

Obviously.AI Raises $3.6 Million From TMV, B Capital Group, Arka Venture Labs, Golden Gate Ventures, and other VCs. With this round of funding, the platform is reshaping how the modern business user works with Artificial Intelligence.Obviously. AI will use the funding to grow the company’s Research and Development, introduce time series, and other new-age algorithms, expand its sales and marketing team, and build an ecosystem that can further automate the predictive AI capabilities.

Software firm, ‘SUSE’ seeks valuation of nearly $7 billion in IPO. Enterprise software company SUSE, set the price range for its initial public offering in Frankfurt, at 29 to 34 euros per share on Wednesday, implying a market capitalisation of between 4.9 and 5.7 billion euros. SUSE, whose open-source software helps run applications on cloud servers, mainframe computers, and devices at the edges of networks, said it was seeking to raise around 1 billion euros from investors.