Vertical SaaS Weekly Roundup (August 7th, 2022)
Every week (or so) we will share the most interesting Vertical SaaS news with our community, we'd love to hear your thoughts, feel free to hit reply or send us a note at info@verticalsugar.com.
1. Embedded Satellites: AiDash, a provider of satellite and AI-powered operations, maintenance, and sustainability solutions, today announced a record-breaking Q2 2022, with the company experiencing about 3x growth year over year in annual recurring revenue (ARR) and number of customers compared to Q2 2021. Link
Our 2 cents: AiDash started with electric utilities and oil & gas and now expanding to other verticals (transportation, water, waste-water), we can certainly see them over time offering an embedded version that will create massive value for vSaaS which operates over large geographies. Embedding these capabilities will create new possibilities for vSaaS to add value.
2. "VI"- Vertical Intelligence: Interesting to track new and old BI (Business Intelligence) companies starting to define a new category of data and analytics aimed at helping vertical players become better data-driven companies. Last week AbbVie selected NowVertical Group as a Key Latin American Vertical Intelligence Solutions Partner. Link
3. The future payment providers for Vertical SaaS: Moov Financial Joins Forces with Visa and Pathward to Improve Payments and Onboarding Experience for ISV's. "We're thrilled to help software integrators get to market faster-this partnership, Moov's drop-in components called Moov Drops, and our developer-focused APIs and SDKs will help them get there." Link
Our 2 cents: There are a lot payment providers for vSaaS in the market, but many of them charge high prices and are not developer friendly. We expect both of these to change in the near future and empower vSaaS to both capture more value and deliver payments-related services faster and in a more integrated way.
4. Embedded as a service - Paragon raises $13M: Paragon, a part of Y Combinator’s winter 2020 cohort, is designed to allow software products to integrate with third-party apps without disrupting existing workflows. Companies can use the platform to build SaaS integrations into their products that are then provided to their end users, with features such as fully managed authentication and prebuilt integration interfaces. Link
Our 2 cents: 100% agree. Integrating and maintaining all of the integrations that vSaaS have and should have is expensive and time-consuming. There is room for someone to aggregate it reducing time to market and overhead.
Help us grow, forward to a friend, or hit reply to let us know what you think.
Stay Vertical!
Suga