Today's SaaS Pulse
Fresho snaps up Nation Wilcox to dominate UK food‑wholesale software
Fresho, the Australian‑origin order‑management platform, has acquired UK ERP specialist Nation Wilcox, creating the largest software suite for British food wholesalers. The combined offering now supports more than 400 wholesalers and caterers and processes over £2 billion (≈ $2.5 billion) in annual GMV.
Also developing:
By the numbers: NinjaOne raises $400M Series C extension
Mitek's Verified Identity Platform Joins FICO Marketplace, Expanding SaaS Identity Reach
Mitek Systems announced that its Verified Identity Platform is now listed on the Fair Isaac (FICO) Marketplace. The integration lets FICO Platform customers plug Mitek’s identity‑verification tools directly into fraud‑detection and onboarding workflows, widening the distribution of SaaS identity solutions. The move arrives as FICO accelerates its own transition to SaaS and cloud‑based decisioning.
HubSpot Beats Q1 2026 Forecast, Boosts AI Agent Push and Raises Full-Year Guidance
HubSpot reported first‑quarter 2026 revenue of $881 million, surpassing analyst expectations and delivering a 23.4% year‑on‑year rise. The CRM maker highlighted rapid adoption of AI‑powered agents and lifted its full‑year revenue guidance to $3.70 billion, underscoring confidence in its upmarket strategy.
BILL Posts 12% Revenue Growth, Announces $1 B Share‑Buyback Plan
BILL (NYSE:BILL) posted third‑quarter FY2026 revenue of $425‑$435 million, up 11%‑13% year‑over‑year, and announced a $1 billion share‑repurchase authorization. The results underscore the fintech‑SaaS firm’s expanding AI‑driven product suite and its commitment to returning capital to shareholders.
The Problem with Chasing Churn
Churn in SaaS is often treated as a problem to be fixed, but it is actually a lagging symptom of earlier user‑experience failures. Reactive tactics like win‑back campaigns and exit surveys address the fallout rather than the cause. The article...
GitLab Dedicated for Government Now GovRAMP-Authorized
GitLab announced that its Dedicated for Government offering has earned GovRAMP authorization, clearing a major procurement hurdle for state and local agencies. The single‑tenant SaaS solution provides U.S.‑only data residency, isolated infrastructure, and private networking to satisfy stringent compliance rules....
New Wave of IPOs: Monday.com Beats Estimates, Cerebras Looms as Index Rules Shift
Monday.com reported Q1 2026 revenue of $351 million, a 24% YoY rise, and posted adjusted EPS of $1.15, sending its shares up about 25% in pre‑market trading. The earnings beat fuels optimism for the pending Cerebras Systems IPO, even as index...
Subotiz Launches AI‑Native Revenue Infrastructure Platform at SaaStr AI Annual
Subotiz unveiled its AI‑native revenue infrastructure platform at the SaaStr AI Annual 2026, showcasing a unified solution for billing, payments, fraud, tax and payouts. The live demo, attended by over 10,000 SaaS founders and AI leaders, highlighted how the platform...
Software Stocks Show Wide PSG Valuation Gaps
SaaS PSG Ratio: Growth-adjusted valuation still shows major dispersion across software stocks PSG helps compare software companies by looking at valuation relative to expected growth, not valuation alone. A lower PSG can signal a more attractive growth-adjusted setup, while a higher PSG...
Fisker Bankruptcy Cuts OTA Updates, Owners Launch Open‑source Car Support
Fisker Inc. entered Chapter 11 bankruptcy in June 2024, halting over‑the‑air (OTA) updates for roughly 11,000 Ocean SUVs. Deprived of cloud‑based services, owners formed the Fisker Owners Association and began reverse‑engineering the vehicle’s software, creating a community‑driven support model. The effort...
Sea Cliff Partners Sells Sprinklr Stake for $8.3 Million Amid AI‑Focused CXM Push
Sea Cliff Partners Management fully exited its Sprinklr position on May 15, 2026, selling 1,334,112 shares for an estimated $8.28 million. The sale comes as Sprinklr emphasizes AI‑driven customer‑experience management, underscoring renewed investor interest in AI‑enabled SaaS platforms.
Fiserv Teams with OpenAI and AWS to Deploy agentOS, an AI‑Native Banking OS
Fiserv announced a partnership with OpenAI and Amazon Web Services to launch agentOS, an AI‑native operating system designed for banks and credit unions. Six financial institutions are co‑developing the platform, two of which are already running agents in beta, with...
SailPoint Shares Surge as Identity‑Security SaaS Gains Momentum
SailPoint (SAIL) rallied from a low of $10.30 to break the $12 resistance level, putting the stock on a path toward the $18 analyst consensus target. The surge reflects renewed investor confidence in the company’s $6.7 billion identity‑security SaaS platform amid...
Balcony Secures $12.7M Seed to Launch Keystone, Unified Property Platform
Balcony, a New Jersey PropTech startup founded in 2021, launched Keystone, a unified property intelligence platform for public land management, and closed a $12.7 million seed round led by Blockchange Ventures. The platform already secured a five‑year contract to digitise 370,000...
Monday.com Lifts 2026 Revenue Outlook After Securing Major AI Enterprise Contracts
Monday.com announced a 2026 revenue forecast of $1.466‑$1.474 billion, up 19‑20%, after adding large AI‑focused enterprise customers. The company also reported a $553 million share repurchase and strong cash position, underscoring confidence in its AI Work Platform.
Figma Posts 46% YoY Revenue Surge, Lifts Full‑year Forecast
Figma announced Q1 2026 revenue of $333 million, a 46% year‑over‑year increase, and lifted its full‑year revenue guidance to $1.422‑$1.428 billion. The design‑tool SaaS firm credited strong AI‑credit usage, expanding paid seats and record international growth for the results.
JDN Adopts Oracle NetSuite to Accelerate Philippine Property Portfolio Growth
JDN, a 60‑year‑old Philippine developer, has migrated its finance, procurement and property‑operations systems to Oracle NetSuite. The move slashed financial‑reporting turnaround from four days to one‑two hours and underpins a 300% increase in its tenant base, highlighting cloud ERP as...
XAI Launches Grok Build Beta, a $99‑month AI Coding Assistant to Take on Anthropic and OpenAI
Elon Musk’s AI startup xAI released the beta of Grok Build, a subscription‑based, local‑first command‑line coding assistant priced at $99 per month for early adopters. The tool’s multi‑agent architecture, 256K token context window and privacy‑first design are aimed squarely at...
Remote Hits $300M ARR, Posts 300% Growth as Global Payroll Platform Scales
Remote announced it has surpassed $300 million in annual recurring revenue, marking a 300% year‑over‑year increase and its first cash‑flow‑positive quarter. The growth reflects accelerating demand for cloud‑native payroll and employer‑of‑record services among multinational firms.
ChatPlayground Offers Lifetime Access to Multi‑LLM Prompting Platform for $69.97
ChatPlayground rolled out a lifetime subscription priced at $69.97 for its multi‑LLM prompting platform, enabling engineers to send a single prompt to more than 20 large language models. The move targets DevOps teams seeking faster model comparison and reduced tooling...
Figma Stock Jumps 18% on 46% Revenue Surge and AI Monetization Wins
Figma (FIG) surged 18% in Friday trading after reporting Q1 2026 revenue of $333 million, a 46% year‑over‑year increase, and earnings of $0.10 per share versus the $0.06 consensus. The company also lifted its full‑year revenue outlook by $55 million, underscoring the...
Klaviyo Posts $358M Q1 Revenue and $500M Share Buyback, Becomes Top B2C CRM
Klaviyo reported first‑quarter 2026 revenue of $358 million, up 28% year over year, and launched a $500 million share‑repurchase program after completing a $100 million accelerated buyback. The moves signal the stealth B2C CRM’s transition to a mature, high‑value player in the SaaS...
Salesforce Agentforce Contact Center Review: Strengths, Gaps and Competitive Fit
Salesforce’s Agentforce Contact Center unifies Service Cloud, Einstein AI and Data 360 into a single, CRM‑first platform. The review finds the solution delivers deep data integration and AI‑assisted routing, but its layered architecture raises complexity and cost questions versus rivals...
Supio Unveils Supio Agent, AI Platform to Automate Plaintiff Law Firm Operations
Supio announced the launch of Supio Agent, an agentic AI platform designed exclusively for plaintiff law firms. The system automates intake, document processing and analytics, promising faster case evaluation and higher accuracy.
Fin Launches Operator, an AI Agent that Manages Its Own Customer‑facing Bot
Fin, the former Intercom, unveiled Operator, an AI agent that oversees its customer‑facing bot, targeting back‑office support teams. Early access begins today for Pro users, with full rollout slated for summer 2026, as Fin’s AI product now drives a quarter...
Freshworks Launches Freddy AI Agent Studio and MCP Gateway for Freshservice
Freshworks introduced a no‑code Freddy AI Agent Studio and a Model Context Protocol (MCP) Gateway for its Freshservice platform, promising to cut AI agent rollout from months to weeks. The tools target service‑automation gaps and open new upsell pathways for...
Thomson Reuters and Sterne Kessler Debut AI Patent Claim Eligibility Analyzer
Thomson Reuters and Sterne Kessler have launched the Patent Claim Eligibility Analyzer, an AI‑driven tool built into CoCounsel Legal that delivers Section 101 patent eligibility analysis in minutes. The co‑development model places litigators at the centre of the product, promising...
Champion Leadership Group Closes $55 Million SaaS Fuel Fund I to Back Early‑Stage B2B SaaS
Champion Leadership Group announced the closing of its SaaS Fuel™ Fund I at $55 million, backed by exited SaaS founders and senior tech executives. The fund will invest in roughly 30 B2B SaaS and AI startups with $1‑$5 million ARR, offering capital...
Khosla Ventures Leads $10M Seed Round in Synthetic, AI‑Powered Autonomous Bookkeeping SaaS
Khosla Ventures led a $10 million seed round for Synthetic, a startup aiming to deliver fully autonomous AI bookkeeping. The funding, also backed by Basis Set Ventures and Shopify CEO Tobias Lütke, signals confidence in vertical SaaS built on generative AI...
NetDocuments Launches First Legal Context Graph Platform, Redefining Document Management
NetDocuments, the leading document‑management provider for law firms, introduced an industry‑first legal context graph platform that continuously maps every matter, document and communication across hundreds of millions of records. The private preview opened today in Lehi, Utah, marking a shift...
Deel Acquires SaaS‑Spend Platform Sastrify to Merge HR and Software Procurement
Deel announced the acquisition of SaaS‑spend management startup Sastrify, closing the deal at the end of April and revealed on May 5. The move expands Deel’s product suite from device management to full‑stack software lifecycle management, tying HR events to SaaS...
Palantir Teams with SAP to Drive Enterprise AI‑Powered Data Migrations
Palantir Technologies and SAP have formalized a strategic partnership, combining SAP's migration suite with Palantir's Artificial Intelligence Platform to automate large‑scale ERP data migrations. The deal arrives as Palantir's U.S. commercial revenue jumps 133% to $595 million in Q1, signaling a...
Spendflo Debuts Flo AI To Automate Procurement For Mid-Market Companies
Spendflo has launched Flo AI, an autonomous procurement platform that handles the entire intake‑to‑pay workflow for mid‑market companies. The solution bundles three AI agents—Flo Procure, Flo Contracts, and Flo AP—to manage purchase requests, contract review, and invoice processing in a...
Mudita Advisors Invests $23M in Appian as AI‑Powered Low‑Code Demand Rises
Mudita Advisors launched a $22.8 million position in Appian, acquiring 839,400 shares that now represent about 4% of its reportable assets. The move comes as Appian reports strong revenue growth and expanding cloud ARR, signaling investor confidence in AI‑enabled low‑code platforms...
The AI COGS Problem: Why SaaS Gross Margins Are Compressing in 2026 (And What the Best Operators Are Doing About...
SaaS providers are seeing gross margins shrink in 2026 as artificial‑intelligence workloads drive up cost‑of‑goods‑sold (COGS). The surge in GPU‑intensive models, licensing fees, and data‑pipeline expenses is outpacing revenue growth. Leading operators are countering the pressure by renegotiating cloud contracts,...
‘AI Is the New UI’: Coupa Customers Race to Automate Supply Chains
Coupa used its Inspire 2026 conference to unveil AI‑centric products Coupa Compose and Coupa Catalyst and announced the acquisition of Rossum, an AI‑driven document‑processing firm. The company highlighted a portfolio of more than 20 AI agents that embed automation into procurement and...
Workday Rolls Out Sana AI Platform in Korea, Links to Microsoft 365
Workday unveiled its Sana AI platform in South Korea, coupling the service with Microsoft 365 Copilot and introducing an enterprise‑specialized AI agent. The rollout targets error‑sensitive HR and finance tasks, citing 400 early adopters and a 20% boost in employee...
Transform Broken B2B Pricing with Hybrid, Usage Models
If you’re not happy about your pricing, you’re far from alone. Your pricing is probably broken, and here’s what you can do about it. The top B2B pricing challenges according to 230+ SaaS and AI companies: FLAT-FEE SUBSCRIPTION 😬 Challenge:...
OpenGov Streamlines SF Permits Amid Union NIMBY Push
OpenGov is bringing transparency and streamlining to San Francisco permits, one of the most notoriously disastrous bureaucracies in the world Of course Connie Chan and her public sector union paymasters are sniffing around: they're NIMBYs who don't want this to be...
Owls Nest Partners Sells Entire $29.8M Stake in nCino, Highlighting Pressure on Cloud Banking SaaS
Owls Nest Partners IA, LLC divested its entire 1,585,623‑share position in nCino, valued at roughly $29.8 million, according to a May 14 SEC filing. The exit, which erased an $40.7 million quarter‑end loss, signals growing investor caution toward vertical SaaS models in banking.
The 2 Prompts I'd Run Before Any 2026 SaaS Renewal (Especially if You're Deploying Agents)
The SaaS pricing model is shifting from simple seat counts to a hybrid that bills both user logins and AI‑driven work. Salesforce reported $800 million in agent revenue, while Microsoft introduced a $15‑per‑user governance fee alongside its $30 Copilot seat. Vendors...
Clio Reaches $500 Million ARR, Taps Anthropic’s Claude for Legal AI
Clio announced it has surpassed $500 million in annual recurring revenue and is rolling out Anthropic’s Claude for Legal across its platform. CEO Jack Newton said the milestone validates the company’s AI strategy and reinforced his commitment to keep Clio headquartered...
SAP SuccessFactors Launches AI‑Native Autonomous HCM Suite with Joule Assistants
SAP SuccessFactors announced an AI‑native autonomous HCM suite at the SAP Sapphire conference in Orlando, debuting Joule Assistants that can run HR processes end‑to‑end. The rollout adds AI‑driven workforce planning that ties people data directly to business outcomes, signaling a...
Bienville Capital Dumps $27.6M GitLab Stake, Raising SaaS Valuation Questions
Bienville Capital Management sold all 945,332 GitLab shares for an estimated $27.61 million, wiping its holding to zero. The exit, disclosed in a May 13 SEC filing, fuels investor concern over GitLab’s valuation as AI tools reshape the DevOps market.
American Express Acquires Expense Management Company Hyper
American Express has completed the acquisition of Hyper, a cloud‑based expense‑management platform known for automated receipt capture and policy‑driven workflows. The deal is positioned to fuse Hyper’s spend‑tracking capabilities with AmEx’s corporate‑card ecosystem, creating a unified end‑to‑end solution for enterprise...
Trellis Offers Free Access to Nation’s Largest State Trial‑Court Dataset via Claude Connector
Trellis has rolled out a free Claude connector that unlocks the largest U.S. state trial‑court dataset, covering more than 3,000 courts and 2,500 counties. The tool, included at no extra cost for all active Trellis subscribers, lets attorneys query rulings,...
Figma Q1 2026 Revenue Surges 46% on AI Credit Monetization, Beats Forecasts
Figma reported first‑quarter 2026 revenue of $333.4 million, up 46% year‑over‑year, and earnings per share of $0.10, beating analyst forecasts. The surge is anchored in strong AI‑credit adoption, with more than three‑quarters of high‑tier users continuing to pay after limits were...
6sense Opens RevvyAI to All Customers, Adds Enterprise Security Features
6sense announced that its RevvyAI conversational intelligence tool is now in open beta for every Revenue Marketing client and generally available for Sales Intelligence users at no extra charge. The rollout is paired with three enterprise‑grade security capabilities designed to...
Regulate Secures $1.5 M Seed Funding to Launch AI‑Powered Breathwork Platform for Workplaces
Munich‑based Regulate announced a €1.4 million ($1.5 million) seed round led by 4impact Capital, bringing together founders of Personio, Forto and CoachHub. The funding will accelerate a platform that embeds scientifically backed breathwork into daily work routines, targeting the rising stress linked...
Xero Posts NZ$2.8 Billion Revenue and Launches Live Claude AI Integration
Xero disclosed revenue of NZ$2.8 billion in its latest results and unveiled a live integration with Anthropic's Claude AI assistant. The move gives more than 4.5 million subscribers real‑time access to financial data through conversational AI, signaling a deeper push into AI‑enhanced...
Writers Are Fleeing the Substack Tax
Writers are abandoning Substack for lower‑cost platforms such as Ghost, Beehiiv, Patreon and Passport. Substack’s 10% revenue share and emphasis on its own social features are seen as a financial chokehold, especially as newsletters scale. Creator Sean Highkin switched to...