SaaS Flash Report

Daily SaaS News Roundup - Updated: 2026-02-23

SaaS news today at breaking speed

Today's SaaS News Highlights

SAAS NEWS FLASH - February 23, 2026

Stacks and SurrealDB Each Secure $23M Rounds to Fuel AI-Driven Enterprise Tools Amid Surging Funding Momentum[2][4]

•Stacks raises $23M Series A for its AI platform automating enterprise finance workflows like reconciliations and reporting, led by Lightspeed Venture Partners with EQT Ventures, General Catalyst, and S16VC[2]. https://www.thesaasnews.com/news/stacks-raises-23-million-series-a [1]
•SurrealDB raises $23M Series A follow-on to enhance its AI-native multi-model database for reliability, security, and cloud expansion, backed by Chalfen Ventures, Begin Capital, FirstMark, and Georgian[4]. https://www.thesaasnews.com/news/surrealdb-raises-23m-in-series-a-follow-on-round [1]
•Venice (formerly Valkyrie) raises $25M Series A for dynamic identity and access control in enterprises, led by IVP with Index Ventures and angels from Wiz and Descope[6]. https://www.calcalistech.com/ctechnews/article/sk5qcux00we [1]

Flash Insight: These back-to-back $23M+ rounds in AI finance, databases, and security signal robust investor confidence in agentic AI and infrastructure tools for enterprise SaaS, potentially accelerating adoption as companies prioritize automation and data protection in 2026[2][4][6].

Sources:
[1] https://www.softwaresuggest.com/blog/saas-companies-got-funded/
[2] https://www.thesaasnews.com/news/stacks-raises-23-million-series-a
[4] https://www.thesaasnews.com/news/surrealdb-raises-23m-in-series-a-follow-on-round
[6] https://www.calcalistech.com/ctechnews/article/sk5qcux00we

📊 SaaS METRICS SNAPSHOT - February 23, 2026

Market Performance
•SaaS stock performance and valuation multiples: Median NRR compressed to 101% (down from 108%), with top performers at 111%+; median gross revenue retention at 90% implies ~10% annual gross churn; sales efficiency (Magic Number) below 0.6 for early/mid-stage firms, signaling lower GTM returns.[2][4]
•Recent funding round sizes and trends: No specific 2026 funding rounds detailed; AI-native SaaS grows at twice traditional rates across revenue bands, compressing competitive windows.[2]
•ARR growth rates trending in the market: VC-backed median 25-30% (top quartile 50%+); bootstrapped 20-23%; consistent 30-50% YoY signals healthy expansion.[1][2]

Key Industry Numbers
•Average SaaS pricing model trends (per seat vs usage-based): Rapid shift to usage-based pricing; data insights enable 10-15% ARR lifts via fairer packaging without new users.[1][4]
•Customer acquisition cost (CAC) benchmarks by segment: Rose 14% in 2024; healthy LTV:CAC ratio at 3:1 (excellent 4:1+).[1][2]
•Churn rate industry averages: Median gross churn ~10%; strong NRR 110-120% (world-class 125%+).[1][2][4]

Today's Notable Metrics
•Specific company metrics announced today: No announcements reported as of 5 AM UTC.
•New SaaS unicorn valuations or milestones: B2B SaaS market at USD 490.3B in 2026 (up from 392.6B in 2025, 24.9% CAGR to 2035); organizations average $55.7M annual SaaS spend, managing 305 apps (stable YoY).[3][4]
•Industry benchmark updates or research findings: Gross margins benchmark 75%+; vertical SaaS grows 19.5% annually, outpacing broader market; AI integration and security drive key trends.[2][4][7]