Wunderite raises $3M | Cloud Infrastructure Companies Raise $40B in Revenue | Octave Klaba’s fund acquires Shadow

The SaaS News Roundup

Wunderite, Boston-based software startup, raises $3M to build software for indie insurance agencies. The early-stage round was led by Spark Capital. Wunderite builds and sells software designed to help insurance agencies more rapidly process insurance applications, and automate some of their processes. The funding will be used to build their sales team and expand.
Cloud infrastructure market keeps rolling in Q1 with almost $40B in revenue. Conventional wisdom over the last year has suggested that the pandemic has driven companies to the cloud much faster than they ever would have gone without that forcing event, with some suggesting it has compressed years of transformation into months.Cloud gaming service Shadow get acquired by OVHcloud founder. Shadow is a cloud computing service for gamers. People can pay a monthly subscription fee and gain access to a gaming PC in a data center. Subscriptions currently start at €12.99 per month in Europe or $11.99 per month in the U.S. It’s unclear whether Shadow will remain available at this price point, how specifications are going to evolve if the company is going to spin up more servers to attract new clients.