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.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Cloud Computing Software
Tufin Software Technologies Ltd provides policy-centric approach to security and IT operations. It transform enterprises' security operations by helping them visualize, define and enforce a unified security policy. The solutions offered by the company include Private and Public cloud security, Cyber Security, Next Generation Firewalls, Internet of Things and Software defined networks and SDDC.
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Cloud Platform as a Service (PaaS) Software
Wasabi is the hot cloud storage company. Hot cloud storage is fast to write, low-cost, and reliable cloud storage. Wasabi delivers fast, low-cost, and reliable cloud storage. Amazon locks companies into their expensive storage and nobody likes vendor lock-in. Wasabi Hot Cloud Storage is 1/5 the price of Amazon S3 and faster than the competition with no fees for egress or API requests.
Artificial Intelligence Software
ConcertAI is an AI-powered SaaS data company in healthcare that develops medical research tool in oncology.
Provider of high-quality, fast-turnaround video accessibility services. The company's services include video captioning, transcription, subtitling, and audio description services which provide automatic speech recognition with human editing, enabling education and media industries to save time and cut costs.
Virtual Phone for Entrepreneurs
Talent Management Software
With our platform you get smarter analytics insights and mobile app marketing experiences that better engage your users. Check out a full list of features!
Help Amazon Sellers Optimize Profit
Vertical Industry Software
Numerated solves banks’ sales crisis
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.