These are the top SaaS companies in Herzliya, Israel. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Herzliya by featuring these 18 companies with combined revenues of $1.3B.
Together, Herzliya SaaS companies employ over 3K employees, have raised $272.8M capital, and serve over 2M customers around the world.
Top SaaS Companies with $5 - $10M ARR
Artificial Intelligence Software
LogMeIn provides SaaS-based remote connectivity, collaboration, and support solutions for businesses and consumers.
Software as a Service Platform(SaaS)
Odysii provides retailers, banks and other consumer-oriented companies with marketing management technology and proactive sales.
Artificial Intelligence Software
The Iguazio Data Science Platform automates your machine learning pipeline, transforming AI projects into real-world business outcomes.
Developer of a cloud-based cybersecurity platform intended to protect the technologies and applications of connected and autonomous vehicles. The company's cloud-based cybersecurity platform leverages big data and machine learning, utilizing a layer-7 security gateway and analytics engine, enabling the automotive industry to get real-time visibility on security, privacy and fraud alerts.
Developer of a technology platform designed to revolutionize the diagnosis, monitoring and treatment of brain-related disorders. The company's technology platform combines big data analytics, artificial intelligence, and brain network activation mapping to quantify function and dysfunction, disease progression, and therapeutic effects, enabling businesses to get elucidation of the way the brain works at high temporal and spatial resolutions.
Developer of a debugging and code analysis platform designed for Microsoft Azure cloud environment. The company's platform offers Debugging-as-a-Service (DaaS) using innovative, production-ready tools for root cause analysis, collaboration and real-time bug triage across platforms, enabling developers to cut debugging time by half so users can concentrate on crafting high-quality code.
Provider of holistic e-commerce personalization service. The company provides a personlization platform that uses big data and behavioral sciences to analyze online shoppers' buying behaviors and provides automatic personalization and analysis of their conduct.
Financial Services Software
Provider of compliance and regulation technology for banks, brokers and asset managers to solve their reporting needs. The company's platform is a single hub that collects trade data for multiple reporting jurisdictions, while the unified analytics dashboard is used to monitor reporting status and audit-trail of past reports and provide pure transparency of all submitted transaction reports, regulatory messages and execution analysis, enabling brokers, banks, asset managers and corporates to report millions of trades a day to comply with regulations as well as use trading data to gain visibility into their organizations and make informed business decisions.
Developer of a security management software designed to protect edge devices from security threats and operational risks. The company's software includes multiple layers of device-level security responsible for ongoing automatic protection, with a centralized security management application to be used by the IoT network operator to easily manage the fleet/device security and offer value-added services, enabling device manufacturers and IoT network operators to automatically secure existing and new devices with no need for any development resources or security expertise.
Provider of an automated customer service management platform designed to reduce call center volume and increase customer satisfaction. The company's automated customer service management platform fields naturally-worded questions from customers and replies with contextually appropriate answers via email, floating chat windows, or even through channels like Facebook Messenger, enabling brands to provide answers to their customers with escalation paths and access to personalized content.
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.