The Top Security Software SaaS Companies

As of Jan 2020, these 167 SaaS companies are the largest in the Security Software space. (Click to apply)

This list tracks the largest private B2B Security Software SaaS companies by revenue. In total, this list features 167 companies with combined revenues of $5.6B.

These companies have raised a total of $1.0B. Together, these Security Software saas companies serve 4M customers and employ over 52K on their teams.

$0 - $1M ARR
  1. Fastpath $1.0M
  2. CyberGRX $1.0M
  3. Acompli $1.0M
$1M - $5M ARR
  1. Sucuri $4.6M
  2. DataGrail $3.9M
$5M - $10M ARR
  1. Cygilant $8.0M
$10M+ ARR
  1. NETSCOUT $909.9M
  2. Splunk $609.9M
  3. Qualys $364.0M
  4. Pingidentity $245.0M
  1. 01
    Perimeter 81

    Perimeter 81

    Security Software

    Provider of network security services designed to simplify secure network access for the modern and distributed workforce. The company's services has taken the outdated, complex and hardware-based traditional VPN and firewall technology and transformed it

    $9M

    113

    2018

    Security Software

  2. 02
    Oracle Dyn

    Oracle Dyn

    Security Software

    Provider of a cloud-based cybersecurity platform designed to ensure the protection of web applications and network without compromising performance. The company's cybersecurity platform leverages artificial intelligence to automatically update security pos

    $9M

    111

    2014

    Security Software

  3. 03
    Usercentrics

    Usercentrics

    Security Software

    Usercentrics is a munich/Germany based legal technology SaaS provider, redefining the way to secure compliant data via consent management.

    $9M

    $26M

    101

    2017

    Security Software

  4. 04
    Akamai-Technologies

    Akamai-Technologies

    Security Software

    Akamai Technologies, Inc. is a global content delivery network, cybersecurity, and cloud service company, providing web and Internet security services.

    $9M

    $52M

    100

    1998

    Security Software

  5. 05
    Cygilant

    Cygilant

    Security Software

    Cygilant, Inc,, is a Boston-based security software-as-a-service company focused on information security and compliance objectives.

    $8M

    $38M

    300

    170

    2001

    Security Software

  6. 06
    safe4u

    safe4u

    Security Software

    Professional security and safety application services

    $8M

    $179M

    9

    2013

    Security Software

  7. 07
    Sqreen

    Sqreen

    Security Software

    Sqreen is the application security platform for the modern enterprise

    $8M

    81

    2018

    Security Software

  8. 08
    RiskRecon

    RiskRecon

    Security Software

    Developer of a cloud-based risk assessment platform designed to deliver on-demand assessments of any organization's security practices. The company's cloud-based risk assessment platform provides objective and verifiable analyses of any company's security

    $8M

    92

    2015

    Security Software

  9. 09
    Cysiv

    Cysiv

    Security Software

    Cysiv SOC-as-a-Service combines all the elements of an advanced, proactive, threat hunting SOC, with a managed security stack for hybrid cloud, network and endpoint security, and delivers them as a 24/7 service, with simple, consumption-based, monthly bill

    $7M

    87

    2018

    Security Software

  10. 10
    Simplycast

    Simplycast

    Security Software

    Engagement & Emergency Communication Automation.

    $7M

    $750K

    2K

    40

    2009

    Security Software

1-10 of 17

Next

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.