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List of the largest SaaS companies in Tel Aviv, Israel

Top SaaS Companies in Tel Aviv

These are the top SaaS companies in Tel Aviv, Israel. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Tel Aviv by featuring these 118 companies with combined revenues of $494.2M.

Together, Tel Aviv SaaS companies employ over 6K employees, have raised $1.7B capital, and serve over 33M customers around the world.

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Highlights

01
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
02
S
Sisense

Artificial Intelligence Software

Sisense is a business analytics software company with offices in New York City, San Francisco, Tel Aviv, London, Melbourne, Tokyo, and Scottsdale, Arizona.

$100M
$274M
2K
29
2004
United States
03
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
04
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
05
ES
EasySend

Financial Services Software

EasySend helps banks and insurance companies to quickly convert manual process and PDFs into digital experiences.

$14M
$72M
100
119
2016
Israel
06
S
Syte

Retail Software

With Camera Search, Recommendation Engines, Deep Tagging, and In-Store Smart Solutions, Syte changes the way retailers connect products with shoppers.

$12M
$62M
-
129
2015
Israel
07
C
Cybersixgill

Security Software

Cybersecurity, threat intelligence, agile threat intelligence, SaaS

$11M
$56M
-
117
2014
Israel
08
LG
LawGeex

Analytics Software

LawGeex is transforming legal. For companies who want to spend less time on contracts and focus on high-impact work, LawGeex automates the review and approval of everyday contracts with unparalleled accuracy, consistency, and scalability through our advanced AI platform. LawGeex is recognized by Gartner, Wired magazine, and CB Insights as a leading force in bringing innovation and technology to the legal world – and is trusted by global firms such as eBay, Bain & Company, and White & Case.

$9M
$42M
2K
93
2014
United States
09
G
Guardicore

Security Software

Provider of internal data center security tool designed to detect and stop advanced threats through real-time breach detection and response. The company's internal data center security tool tracks and eliminates intruders inside data center networks and automatically triggering mitigation measures for today's software-defined and virtualized data centers and clouds, providing unparalleled visibility, active breach detection and real-time response.

$8M
$106M
-
259
2013
Israel
10
A
Atera

Process Automation Software

Atera is an IT automation software that provides remote access, billing, reporting, and automation services.

$7M
$102M
7K
104
2011
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.