Top SaaS Companies in Boston

List of the largest SaaS companies in Boston, United States (Click to apply)

These are the top SaaS companies in Boston, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Boston by featuring these 244 companies with combined revenues of $3.2B.

Together, Boston SaaS companies employ over 27K employees, have raised $1.1B capital, and serve over 12M customers around the world.

$0 - $1M ARR
  1. PureStake $998.4K
  2. KAGOAL $996.6K
  3. Qanairy $994.9K
  4. RoboHead $989.4K
$1M - $5M ARR
  1. Solvoyo $4.7M
  2. Omgeo $4.7M
  3. Celtra $4.6M
  4. AppNeta $4.6M
$5M - $10M ARR
  1. Yesware $10.0M
  2. Buildium $9.9M
  3. Apptopia $9.1M
  4. Snapapp $9.0M
  5. BitSight $9.0M
$10M+ ARR
  1. Axeda $632.4M
  2. Toast $260.6M
  3. Bullhorn $219.9M
  4. DataRobot $210.0M
  5. ARCHIBUS $200.0M
  1. 01
    PureStake

    PureStake

    Blockchain Software

    Developer of cloud-based services and tools intended to facilitate a simple, secure and reliable network participation for blockchain network creators and investors. The company's platform is based on an automated multi-pop, multi-cloud approach across mul

    $998K

    20

    2019

    Boston

  2. 02
    KAGOAL

    KAGOAL

    Project Management Software

    $997K

    22

    2019

    Boston

  3. 03
    Qanairy

    Qanairy

    Analytics Software

    Qanairy is a cloud-based software that automates quality assurance by finding, building, and maintaining user interface tests with the power of artificial intelligence. Being able to ensure the quality of your product is both financially burdensome and s

    $995K

    16

    2016

    Boston

  4. 04
    CommonWell Health Alliance

    CommonWell Health Alliance

    Healthcare Software

    Developer of a patient healthcare database management software. The company is developing a database platform for hospitals and physicians to register and access any patient's medical history in the Us.

    $994K

    12

    2013

    Boston

  5. 05
    RoboHead

    RoboHead

    Project Management Software

    $989K

    20

    2004

    Boston

  6. 06
    Crisply

    Crisply

    Data Science and Machine Learning Platforms

    Quantified Work for CRM. Sell More, Increase CSAT and Improve Operational Efficiency with data you have and our revolutionary machine learning based service.

    $978K

    11

    2013

    Boston

  7. 07
    Playkey

    Playkey

    Cloud Computing Software

    Provider of a online cloud gaming platform designed to play latest video games on cloud. The company's cloud gaming platform offers proprietary video encoding and streaming technology for high graphics and high processing speed allowing to play 3D video ga

    $963K

    33

    2012

    Boston

  8. 08
    Dashbell

    Dashbell

    Software As A Service Platform(Saas)

    Provider of software as a service platform to small hotels in emerging market. The company provides software as a service platform that allows users to manage their reservations and availability of rooms. It also provides features for users as direct reser

    $950K

    11

    2011

    Boston

  9. 09
    Vodia-Networks

    Vodia-Networks

    It Infrastructure Software

    Do you want to take your business' communications system to the next level? Discover how Vodia's VoIP products and services can help save you time, money, and headaches. Learn about the Vodia IO, IOP, Hosted Cloud-Based or CPE options.

    $934K

    500K

    11

    2012

    Boston

  10. 10
    CHSI Technologies

    CHSI Technologies

    Enterprise Software

    Developer of cloud based enterprise practice management platform. The company provides cloud-based enterprise practice management systems for small insurance organizations, Self-Insured Groups, Joint Powers Authorities, Municipal Pools, Captives, Individua

    $926K

    37

    2010

    Boston

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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.