Each Tuesday, we reverse-engineer a real SaaS company's revenue, profit, CAC, funnels, and its top growth tactic.
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As of July 2026, there are 40 SaaS companies based in Waterloo. They have combined revenues of $651.7M and employ 3.4K employees. They've raised $500.7M in capital and serve 63.2K customers combined.
Sorting: Highest -> Lowest
Showing 10 of 40 companies ranked by annual revenue.
Waterloo, Canada
eSentire is recognized globally as the Authority in Managed Detection and Response (MDR) because we hunt, investigate and stop cyber threats. It provides cutting-edge 24/7 protection to prevent cyber criminals from disrupting organizations.
Waterloo, Ontario, Canada
Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world.
Waterloo, Ontario, Canada
Developer of a cloud-based phone carrier services designed to connect the world by creating the exceptional and affordable phone service. The company's phone carrier services offer low-cost, international calling to over 230 countries and include unlimited texting, calling, and data services, enabling users to stay connected while travelling the world.
Waterloo, Ontario, Canada
Axonify is the frontline enablement solution that’s science-backed and proven to maximize the potential of workforces. It gives frontlines what they need to learn, connect and get things done. Quickly. Easily. Every single day. It starts with brain science and AI to drive knowledge retention through bite-sized microlearning and daily intelligent reinforcement. Embedded two-way communication and feedback ensure staff is engaged and informed, no matter the scale of the organization. Guided task management shows employees exactly how to put their training to use, every single day. With an industry-leading 83% engagement rate, Axonify is used by companies to deliver next-level CX, higher sales, improved workplace safety and lower turnover. Axonify enables over 3.5 million frontline workers in 160-plus countries, in over 250 companies including Lowe’s, Kroger, Walmart and Citizens Bank. Founded in 2011, Axonify is headquartered in Waterloo, Ontario. For more information, visit axonify.com.
Waterloo, Ontario, Canada
VueReal is a global pioneer in MicroSolid Printing™, revolutionizing the micro-semiconductor device industry with its breakthrough eco-friendly micro-pixel manufacturing process.
Waterloo, Ontario, Canada
Mappedin is a mapping and indoor navigation platform that provides businesses with tools to create custom maps and wayfinding solutions for indoor spaces such as malls, airports, hospitals, and campuses. The platform offers a range of features, including indoor mapping, search, navigation, and analytics, that enable businesses to improve visitor experience, increase engagement, and gather insights about user behavior. Mappedin's solution is designed to be flexible and scalable, and can be customized to meet the specific needs of each business. The company's mission is to help businesses unlock the full potential of their indoor spaces by providing them with intuitive, reliable, and accessible mapping and navigation solutions.
Waterloo, Ontario, Canada
Developer of a cloud-based platform designed to provide connectivity required for cloud computing, online collaboration, and the secure exchange of video and data. The company's solutions include routers, network blending software, and connectivity services that simplify procurement and management of data, transports live and recorded video from a camera, reconstruct a stream into packets and send over multiple connections, like cellular, ethernet, and satellite, to go live to multiple platforms from anywhere, and share live feeds simultaneously, enabling clients to view live coverage and event broadcasting from remote locations.
Waterloo, Ontario, Canada
Netsweeper delivers AI-driven content web filtering and threat management solutions to the telecom, enterprise, and education markets to protect users from harmful online content. Our core technology is powered by the real-time browsing of more than 200 million Netsweeper users worldwide, which feeds into a globally-accessible cache with more than 5 billion URLs categorized. Our cloud-hosted AIs add more than 10 million new, dynamically-categorized URLs to this cache every single day. The net result of this technology is that Netsweeper provides a more secure, safe, and productive internet experience for all web users. Netsweeper's robust analytics plus granular policy management and administration tools empower users to easily adapt the platform to meet their specific needs. The efficiency and scalability of our technology means that we can provide a solution at a low total cost of ownership when compared to other filtering technologies. Founded in 1999, Netsweeper is a private Canadian company with regional offices in Europe, Asia, and the Middle East. We support a global network of integrators, distributors, and partners to serve our customers.
Waterloo, Ontario, Canada
Developer of online education technology designed to offer interactive cources including automated testing and assessment. The company's platform offers a multi-channel approach to learning, going beyond the simple digitization of courseware, ensuring dynamic, interactive experiences for the student by providing multiple delivery options for the educator, enabling users to make learning better for everyone by modularizing delivery of learning.
