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This Week in SaaS Nov 11 - 17, 2025

Top exits, deals, news, and blog posts of the week.

By
Ryan Allis
November 17, 2025

📚 New Blog Posts

  1. Make Your SaaS UI/UX Beautiful
  2. CEO Mastermind Recaps for the Week of November 9-13, 2025
  3. Create a B2B Content Marketing Machine

💸 Big SaaS VC Rounds

  1. Parallel Web Systems (AI-search infrastructure for enterprises; SaaS) – raised a $100M Series A on Nov 12, 2025; funds will fuel product development & go-to-market.

  2. Beacon Biosignals (AI-driven neuro-diagnostics data platform; SaaS) – raised a $86M Series B on Nov 13, 2025; proceeds to accelerate insights into brain health.

  3. Scribe (workflow AI for enterprise processes; B2B SaaS) – raised a $75M Series C on Nov 12, 2025; capital to power enterprise workflow automation.

  4. Sweet Security (runtime CNAPP/cloud & AI-security platform; SaaS) – raised a $75M Series B on Nov 12, 2025; funding supports global expansion of unified runtime cloud & AI security.

  5. Maybern (operating-system for private funds/private capital; vertical B2B SaaS) – raised a $50M Series B on Nov 12, 2025; funds build & scale the OS for private-fund operations.

  6. Clairity (AI risk-prediction platform for healthcare; SaaS) – raised a $43M Series B on Nov 13, 2025; financing to launch first FDA-authorized AI risk-prediction SaaS and scale go-to-market.

  7. Foxglove (robotics/physical-AI software platform; developer-tooling SaaS) – raised a $40M Series B on Nov 12, 2025; funds to power the future of physical-AI systems.

  8. Tavus (digital-human SaaS agents; hybrid human-computer interaction) – raised a $40M Series B on Nov 13, 2025; financing to build next frontier of intelligence/human-computing via SaaS.

  9. 1mind (AI-led GTM growth platform for commercial teams; SaaS) – raised a $30M Series A on Nov 11, 2025; capital to scale AI-driven go-to-market growth.
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  10. ElectronX (energy-market trading & exchange software platform; SaaS/market-infra) – raised a $30M Series A on Nov 14, 2025; financing to build platform & scale in power markets.‍
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  11. sunday (restaurant payments & POS software; SaaS) – raised a $21M Series B on Nov 13, 2025; funds to scale SaaS POS/payment platform in hospitality.‍
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  12. Vend Park (parking-operations & analytics; vertical SaaS) – raised a $17.5M Series A on Nov 13, 2025; funding to expand analytics for real-world parking operations.‍
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  13. OnRamp Technology, Inc. (intelligent customer onboarding & engagement platform; SaaS) – raised a $15 M Series A on Nov 14, 2025; funds to expand engineering and enter new enterprise markets.

🤝 SaaS M&A Deals 

  • Palo Alto Networks agreed to acquire CyberArk (~$25 B; identity-security SaaS, Israel/US); CyberArk shareholders approved the cash-and-stock deal on November 13 2025, advancing PANW’s strategy to integrate identity security into its platform and expand AI-era protections.

  • Thoma Bravo agreed to acquire Dayforce for $12.3 B cash (HCM SaaS, US/Canada); Dayforce stockholders approved the transaction on November 12 2025, enabling the company to focus on single-platform HCM and AI roadmap under private ownership.

🚀 SaaS IPOs & S-1 Filings 

  • Capillary Technologies opened its $106M IPO (customer-loyalty & engagement SaaS, India) on November 14 2025, using proceeds to fund growth and product expansion as it scales its subscription platform across global retail and hospitality.

🧠 Key Takeaways

  • Prioritize defensibility over hype. M&A is increasingly surpassing IPOs as the preferred SaaS exit route; founders who build recurring, high-quality revenue streams, solid contracts, and clear unit economics find smoother paths to acquisition and stronger valuations.

  • Iterate fast, but measure deliberately. One founder shares how constant product iteration and disciplined experimentation—paired with a focus on incremental daily improvement—outperformed perfectionism and led to sustained growth.

  • Build valuation through operational readiness. Clean ARR reporting, strong retention metrics, and transparent financial controls boost buyer confidence and elevate multiples during M&A or IPO processes.

📈 SaaS Key Multiples & Benchmarks

Public SaaS Medians:

  • 6.1x TTM Revenue
  • 5.5x Forward Revenue
  • 38x EBITDA
  • 75% Gross Margin
  • 19.8% Annual Revenue Growth
  • 19% Net Profit/FCF
  • 8% EBITDA margin

Private SaaS M&A Medians:

  • 4.7x TTM Revenue, 22.4x TTM EBITDA

📰 Community News

See you next Monday with the next edition of This Week in SaaS.

‍-Ryan Allis, CEO of SaasRise