These are the top SaaS companies in Austin, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Austin by featuring these 303 companies with combined revenues of $4.5B.
Together, Austin SaaS companies employ over 33K employees, have raised $4.6B capital, and serve over 101M customers around the world.
303
$4.5B
33K
$4.6B
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Top SaaS Companies with $0 - $1M ARR
Top SaaS Companies with $1 - $5M ARR
Top SaaS Companies with $5 - $10M ARR
Top SaaS Companies with $10M+ ARR
Cloud Computing Software
Provider and developer of drone related technology. The company develops a technology that help businesses to collect and analyze data from drone flights. It offers applications for commercial and residential real estate or construction companies.
Financial Services Software
Q2 Holdings Inc. is a provider of cloud-based virtual banking solutions for regional financial institutions to deliver mobile banking services to retail and commercial end-users who wish to bank anywhere and anytime. Its solutions operate on an integrated tablet-first platform which provides financial institutions a comprehensive view of account holder activity, and meets the regulatory and security requirements applicable to the industry. The firm generates revenue from subscription-based arrangements for software offerings, typically for five years. A large majority of the firm's revenue is generated in the United States. The company continues to grow by making periodic small acquisitions.
Marketing Automation Software
Upland Software enables thousands of organizations to engage with customers on key digital channels, optimize sales team performance, manage projects and IT costs, and automate critical document workflows.
Security Software
Forcepoint was founded in 1994 as an information technology reseller called NetPartners.
E-Commerce Software
BigCommerce is a privately held technology company and provides a SaaS ecommerce platform.
Cloud-based software
Accruent is the world's leading provider of intelligent solutions & cloud-based software for the built environment.
Content Management Systems
Developer of document management software products. The company provides enterprise content management, document management, automated accounts payable and electronic forms technology as a cloud hosted service in the Software As a Service (SaaS) model. It offers software suites which comprise features such as document control, records management, document imaging, data capture, invoice processing, workflow and business process automation.
Financial Services Software
Provider of a cloud-based, end-to-end lending platform designed to offer global cloud infrastructure to transform the next generation of lenders. The company's platform efficiently manages loan portfolios, increases transaction volume and rapidly brings new products to market as well as empowers institutions to serve borrowers more conveniently, faster and with greater transparency, enabling clients to significantly lower costs, generate greater revenue and outperform their competitors.
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.