This list tracks the largest private B2B Iot Software SaaS companies by revenue. In total, this list features 130 companies with combined revenues of $899.0M.
These companies have raised a total of $74.5M. Together, these Iot Software saas companies serve 177M customers and employ over 7K on their teams.
Novatel Wireless is a telecommunications company that provides intelligent wireless solutions, universal serial bus modems, embedded modules, mobile tracking machines and application software. The company was founded in 1996 and is headquartered in San Die
Give Every Vehicle A Voice
Silicon Laboratories, Inc. It is headquartered in Austin, Texas, United States.
Provider of software development services designed to provide IT products and services. The company's services include software development, testing, quality control and research & development, enabling corporations and governments to optimize predictabili
iSAX is a specialized provider of integrated Industry 4.0 solutions in production with a focus on Industrial IoT.
Provider of a community-powered virtual private network designed to offer a secure internet. The company's services help to browse the web without censorship and to watch videos with less buffering and faster start time, enabling consumers to make the web
We offer customers a constantly growing ecosystem and generate real-time value-added services relating to digital transformation. We combine IT / SAP staff augmentation / project staffing services, nearshore activities and our digital hub.
Provider of fleet management systems intended to optimize the transportation ecosystem. The company's platform allows businesses to locate and monitor trucks transporting their goods, record driver habits, estimate departure and arrival times, enabling cor
We empower customers to accelerate EV adoption and the use of sustainable energy with our smart EV charging platform.
Operator of an online gaming portal. The company's gaming platform provides higher level gaming experience on mobiles enabling its player to gain informal learning and also improve on social interaction and engagements in a playful manner.
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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.
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.