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Top 40 SaaS Companies in Waterloo, Canada, May 2026

As of May 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.

Companies
40
Revenue
$651.7M
Funding
$500.7M
Employees
3.4K

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Top SaaS Companies in Waterloo

Showing 10 of 5 companies ranked by annual revenue.

1
TextNow

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.

Revenue
$100M
Customers
-
Year founded
2009
Funding
$1M
Team size
249
Growth
890.57%
2
Axonify

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.

Revenue
$26.5M
Customers
160
Year founded
2011
Funding
$27M
Team size
241
Growth
-
3
VueReal

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.

Revenue
$20.1M
Customers
-
Year founded
2016
Funding
-
Team size
73
Growth
-
4
Mappedin

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.

Revenue
$17.1M
Customers
-
Year founded
2011
Funding
$6.9M
Team size
98
Growth
123.38%
5
Dejero Labs

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.

Revenue
$15.7M
Customers
-
Year founded
2008
Funding
$99.3M
Team size
154
Growth
58.66%