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List of the largest SaaS companies in Boston, United States

Top SaaS Companies in Boston

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 271 companies with combined revenues of $3.4B.

Together, Boston SaaS companies employ over 28K employees, have raised $7.1B capital, and serve over 51M customers around the world.

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Highlights

01
A
Axeda

Enterprise Software

Axeda Corporation provides remote monitoring and management software and services to manufacturing companies, service providers, and enterprises. The company offers Axeda ServiceLink, an enterprise software system that enables product manufacturers to provide remote service to their customers; and Axeda On-Demand, the software-as-a-service version of Axeda ServiceLink that enables to outsource the IT management responsibilities of remote service implementation. Its software is used in various applications, including diagnosis and repair, remote access, and proactive problem detection, as well as case and patch management, preventive maintenance, and usage monitoring. The company also provides consulting and implementation, customer support, education, and hosting services. It serves homeland security, medical, life sciences, information technology, telecommunications, print and imaging, kiosks, industrial, semiconductor, and building automation markets. The company was founded in 2000

$632M
$22M
150
7K
2000
United States
02
T
Toast

Vertical Industry Software

Toast empowers restaurants of all sizes to build great teams, increase revenue, improve operations, and delight guests. We pair our deep understanding of the restaurant industry with powerful cloud based software and restaurant-grade hardware to deliver an intuitive, all-in-one platform, across point of sale, guest marketing, digital ordering & delivery, and payroll & HR We are Toasters! Think you could be one too? http://pos.toasttab.com/careers.Toast is an all-in-one point-of-sale and restaurant management platform for businesses in the foodservice and hospitality space. As a cloud-based system built specifically for restaurants, Toast offers advanced functionality including tableside ordering, quick menu modifications, real-time enterprise reporting, online ordering, and labor management on an easy-to-use interface. The company powers successful restaurants by combining point of sale, front of house, back of house, and guest-facing technology with an unequaled commitment to customer success. It enables the community of restaurateurs to delight guests and thrive. Toast was founded on 2011 and is based in Boston, Massachusetts.

$261M
$902M
10K
2K
2011
United States
03
DR
DataRobot

Development Software

DataRobot is the leader in enterprise AI, delivering trusted AI technology and ROI enablement services to global enterprises competing in today‚ Intelligence Revolution. DataRobot‚ enterprise AI platform democratizes data science with end-to-end automation for building, deploying, and managing machine learning models. This platform maximizes business value by delivering AI at scale and continuously optimizing performance over time. The company‚ proven combination of cutting edge software and world-class AI implementation, training, and support services, empowers any organization ‚ regardless of size, industry, or resources to drive better business outcomes with AI. With a singular focus on AI since its inception, DataRobot has a proven track record of delivering AI with ROI. DataRobot has offices across the globe and $431 million in funding from top-tier firms, including New Enterprise Associates, Sapphire Ventures, Meritech, and DFJ Growth. For more information, visit https://www.datarobot.com

$210M
$1B
850
1K
2012
United States
04
F
Fuze

Collaboration & Productivity Software

Fuze is a global, cloud-based unified communications platform that empowers productivity and delivers insights across the enterprise by enabling simplified business voice communications, flexible video conferencing, and always-on collaboration. Formerly ThinkingPhones, Fuze allows the modern, mobile workforce to seamlessly communicate anytime, anywhere, across any device. Fuze is headquartered in Boston, Massachusetts, and has additional locations including New York, San Francisco, Seattle, Ottawa, London, Amsterdam, Aveiro (Portugal), Paris, Munich, Zurich, Copenhagen, and Sydney.

$200M
$494M
2K
575
2006
United States
05
A
Acquia

Cloud Platform as a Service (PaaS) Software

Acquia provides the leading cloud platform for building, delivering, and optimizing digital experiences.

$200M
$184M
100
1K
2007
United States
06
C
Continuum

Video Solution Software

Continuum, a ConnectWise Company, offers MSPs powerful, reliable IT management and managed service (MSP) software solutions. Demo or request a trial today.

$200M
-
5K
1K
2005
United States
07
ARCHIBUS
ARCHIBUS

Real Estate Software

Archibus is an Integrated Workplace Management System platform developed by Archibus, Inc.

$200M
-
8M
92
1982
United States
08
S
Semrush

SEO Software

Online Visibility Management software

$125M
$40M
67K
3
2008
United States
09
D
Drift

Marketing Automation Software

Drift is the Revenue Acceleration platform that uses Conversational Marketing

$120M
$107M
150K
426
2014
United States
10
Z
Zerto

Cloud Computing Software

Developer of disaster recovery technology platform intended to eliminate the risk and complexity of modernization and cloud adoption. The company's disaster recovery technology platform provides enterprise-class disaster recovery and business continuity services specifically for virtualized data centers and cloud environments, enabling customers like virtualized data centers and cloud environments to get virtual infrastructures of data, as opposed to the physical storage arrays.

$114M
$163M
8K
558
2009
United States
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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.