SaaS
The latest news about software-as-a-service startups in Southern California from dot.LA

It seems like every week there's some new high profile data breach. Credit card numbers, addresses, nude photos, Democratic National Committee emails—you name it, hackers have stolen it.

Amit Saha, the CEO of Saviynt Inc, the El Segundo-based security vendor, said the problem has only gotten worse during the pandemic, with so many people working from home and using their personal computers to access corporate networks.

For Saha and his company's 750 employees, that's created a lot of work—and an opportunity. Saviynt announced Monday that they've secured $130 million in capital financing from HPS Investment Partners and PNC Bank to expand their cybersecurity SaaS technology. It's a big bet that the pandemic-fueled demand can help them build a more global company.

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On this episode of the LA Venture podcast, Alejandro Guerrero talks about transitioning from running his own startup to entering the venture capital world.

Guerrero met his soon-to-be business partner, Michael Stilton, at UCLA. Soon after, Stilton invited him to start a venture capital fund even though neither were looking to be venture capitalists.


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It is a frustrating but not uncommon issue in the workplace: an employee approaches a task, but they are unsure of how to complete it. Maybe they're a new hire who hasn't been shown how, or they haven't done the task in a while.

The problem's bigger than you might think. Workers spend nearly 20% of their work week seeking help in performing specific tasks, according to a report from McKinsey Global Institute. That's a huge concern for workplace productivity.

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