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List of the largest SaaS companies in Israel

Top SaaS Companies in Israel

These are the top SaaS companies in Israel. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Israel by featuring these 459 companies with combined revenues of $1.3B.

Together, Israel SaaS companies employ over 16K employees, have raised $4.9B capital, and serve over 201M customers around the world.

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Highlights

01
$236M
$384M
128K
891
2012
Israel
02
MS
Medidata Solutions

Information Technology Software

Medidata Solutions is a global provider of a platform of cloud-based services for life sciences. The company provides cloud-based services for clinical research in life sciences, offering platform technology that focuses on the clinical development. It was founded in 1999 and is headquartered in New York, United States. The company's strategy is to enable its customers to bring their new and enhanced medical treatments to the public quickly, efficiently and safely by providing a platform that uses innovative technology to automate, streamline, support and enhance clinical development activities through organic growth and strategic acquisitions.

$180M
$20M
2K
2K
1999
Israel
03
C
Checkmarx

Security Software

Checkmarx is a provider of static application security testing modules. The company provides an application which is used to check internal and external compliance requirements, developing and hosting platform guidelines and other criteria during the software development process. It was founded in 2006 and is headquartered in Paramus, New Jersey. The company seeks to expand its core operations through mergers and acquisitions.

$58M
$92M
10K
693
2006
Israel
04
O
Optibus

Artificial Intelligence Software

Provider of a cloud-based platform intended to offer complex and large-scale transportation operations. The company's platform creates an operational plan and schedule that orchestrates the movements of every vehicle and driver in a city-wide transportation ecosystem, choosing the best options available to transit operators and agencies, enabling passengers to avail better services and transportation operators to operate at lower operating costs.

$37M
$260M
450
312
2011
Israel
05
AS
Aqua Security

Security Software

Aqua Security is the largest pure-play cloud native security company, providing customers the freedom to innovate and run their businesses with minimal friction. The Aqua Cloud Native Security Platform provides prevention, detection, and response automation across the entire application lifecycle to secure the build, secure cloud infrastructure and secure running workloads wherever they are deployed.

$36M
$265M
-
345
2015
Israel
06
H
Hibob

HR Software

Hibob offers a mission critical, cloud-based human resources platform that allows companies to streamline HR processes and engage top talent

$29M
$274M
2K
298
2015
Israel
07
H
Hola

Iot Software

Provider of a community-powered virtual private network designed to offer a secure internet. The company's services help to browse the web without censorship and to watch videos with less buffering and faster start time, enabling consumers to make the web accessible for all, by sharing idle resources.

$23M
$24M
160M
335
2008
Israel
08
O
Ourcrowd

Financial Services Software

global venture investing platform

$18M
$173M
118K
299
2012
Israel
09
B
Bringg

Delivery Service Software

Bringg is a delivery logistics solution, providing enterprises with an efficient way to manage their complex delivery operations. Different brands use the company's SaaS-based platform which offers the real-time capabilities they need in order to achieve logistical excellence across their delivery ecosystem. Companies from the retail, grocery, restaurant, consumer goods, services, logistics, and healthcare industries use Bringg’s technology to help them streamline their logistical operations for peak efficiency and create perfect delivery experiences for their customers. By using the platform, they can establish successful cost-effective operations that balance the needs of all the participants in their delivery ecosystem - from management at headquarters, through the teams in the field, and all the way to the end-customers who are at the heart of the entire process. Bringg was founded by Raanan Cohen and Lior Sion in 2013 and is based in Chicago, Illinois.

$16M
$185M
-
210
2013
Israel
10
PS
Priority Software

Enterprise Software

Provider of enterprise resource planning (ERP) management software. The company's comprehensive offering covers all the core elements of traditional enterprise resource planning (ERP), with modules such as finance, manufacturing, logistics, human resources, time and attendance, business intelligence, project management, CRM, customer service and support offered as end-to-end product suites or individual modules.

$14M
$125M
10K
184
1986
Israel
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What are the fastest growing companies doing?


83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?


We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.