These are the top SaaS companies in Memphis, United States. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Memphis by featuring these 10 companies with combined revenues of $9.3M.
Together, Memphis SaaS companies employ over 120 employees, have raised $28.9M capital, and serve over 5K customers around the world.
Latka gets data on SaaS companies by interviewing the founders directly. Over 3,000 interviews organized in excel.
Artificial Intelligence Software
Copy.ai is a startup building AI-powered copywriting tools for business customers.
Information Technology Software
Developer of a Prognostics as a Service (PaaS) platform designed to help trucking fleets to optimize their operations and minimize costs. The company's platform peers through vehicle data and leverages proprietary AI, deep learning and machine learning algorithms to detect servicing needs, predict charging system issue and emission system issues, enabling autonomous vehicle manufacturers and service providers to decrease their downtime, decrease their costs and run more efficiently.
Software As A Service Platform(Saas)
Developer of mobile application that enables its users to share cabs at airports and conferences. The company provides an application to book and also helps users in reviewing the cab drivers, seeing pictures of other passengers before getting into the cab and tracking the movement of the booked cab as well.
otto by DEVCON specializes in the fields of risk management and SaaS.
Social Media Marketing Software
Developer of a social media managing tool designed to manage social media data of users which could help in employment opportunities. The company's social media managing tool offers a Web-based social media managing platform that flags and alerts its users of previous comments, posts, statuses and tweets, enabling users to protect themselves from situations which could pose a threat to their employment opportunities.
Authoring And Publishing Software
Developer of a musical platform designed to solve all kinds of problem that musicians face, while making music. The company's platform is a developer of big data based music technology application that processes large catalogs of tracks, extracts data from the music and adds information from third party sources, enabling musicians to harness the complex codes of music and get all of their problems related to music, solved.
Provider of real estate services designed to match home owners with local and experienced real estate agents. The company's real estate services instantly connects the customers with a local agent who is ready to sell their home and let them track different stages of the home selling process, enabling the customers to sell their houses directly to the agents without paying any commission thereby reducing the costs.
Developer of a software platform intended to provides service for inventory management. The company's platform provides digital network of kiosks, mobile applications and web software, enabling hospitals to request items and receive notifications.
Developer of software for the visualization of programmer skills. The company allows software developers and other technically oriented talent to create a showcase of their relevant skills, real work product and quantifiable experience.
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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.