SaaS firm Toplyne shuts operations to return capital to investors

SaaS firm Toplyne has shut its operations after nearly 3.5 years of running the business. "We've made the tough decision to wind down operations and return capital to our investors. Despite our best efforts, we couldn't reach the scale or product-market fit we aimed for," CEO Rishen Kapoor wrote. Toplyne was valued at approximately $80 million in last funding round.