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Want to get all the data on the Top SaaS Companies by Security Software in 2024?

Sign up now As of Apr 2024, these SaaS companies are the largest in the Security Software space.

Top Security Software SaaS Companies in 2024

This list tracks the largest private B2B Security Software SaaS companies by revenue. In total, this list features companies with combined revenues of $6.5B.

These companies have raised a total of $17.2B. Together, these Security Software SaaS companies serve 1.9B customers and employ over 52K on their teams.

Data: This data was collected through the Latka podcast where each CEO was interviewed for company details.

Total Companies

Total Companies

491

Combined Revenue

Combined Revenues

$6.5B

Combined Employees

Combined Employees

52K

Total Raised

Total Raised

$17.2B

Total Raised

Combined Valuation

$47.2B

Latest Interviews

Latka gets data on SaaS companies by interviewing the founders directly. Over 3,138 interviews organized in excel. Follow us on social media to get notified when we publish new interviews:
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Code42

He hit $120m in ARR Then Sold $70m Unit for $250m, Today His Secrurity SaaS is Cash Rich... whats next?

Code42

Joe Payne

Code42 CEO
Coro

Coro Breaks $25m ARR, Hits $600m Valuation Growing 300% YoY in CyberSecurity for Mid Market Space

Coro

Dror Liwer

Coro CEO
SecurityScorecard

Customer Empathy: The key to 10Xing your company

SecurityScorecard

Aleksandr Yampolskiy

SecurityScorecard CEO
DPOrganizer

9 Things you should ask your super customers to do for you

DPOrganizer

Alicia Hatt

DPOrganizer CEO
Cookie Information

3 Systems Cookie Information used to grow to 50 employees and a $50M secondary

Cookie Information

Karsten Rendemann

Cookie Information CEO
Coro

Perfect timing Security SaaS Hits $12m Revenue, Closes $80m on $500m Valuation last week

Coro

Dror Liwer

Coro CEO
ReadyWhen

Life Planning SaaS Hits $5k in MRR, Raises $1m on $6m Seed Round

ReadyWhen

Sachin Bhalla

ReadyWhen CEO
SecurityScorecard

SecurityScorecard Breaks $71m ARR, 1700 Customers, $200m in Bank to Fuel Product Expansion

SecurityScorecard

Aleksandr Yampolskiy

SecurityScorecard CEO
Cylynt

Cylynt Security SaaS To Break $10m Up From $6m Last Year, Bootstrapped

Cylynt

Chris Luijten

Cylynt CEO
CleanCloud

Brazilian Cloud Security SaaS Hits $750k ARR With $350k Raised, Opening $5m Series A Soon

CleanCloud

Henrique Vazde Almeida

CleanCloud CEO
Living Security

LivingSecurity SaaS Breaks $3m ARR, 150% Retention, New Unify Product To Create More Insights for Security Leaders

Living Security

Ashley Rose

Living Security CEO
AI Partnerships Corp

Will He Go Public To Buy Up His Affiliates?

AI Partnerships Corp

Tom Corr

AI Partnerships Corp CEO
Cookie Information

CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

Cookie Information

Karsten Rendemann

Cookie Information CEO
Webhookrelay

Latka interviewed Webhookrelay CEO on Aug 3, 2020

Webhookrelay

Karolis Rusenas

Webhookrelay CEO
Defendry

Latka interviewed Defendry CEO on Jan 27, 2020

Defendry

Pat Sullivan

Defendry CEO
SecurityScorecard

Worth $2.6b Today, What About 36 Months Ago?

SecurityScorecard

Aleksandr Yampolskiy

SecurityScorecard CEO
Living Security

Latka interviewed Living Security CEO on Dec 1, 2019

Living Security

Ashley Rose

Living Security CEO
FusionAuth

Latka interviewed FusionAuth CEO on Oct 9, 2019

FusionAuth

Brian Pontarelli

FusionAuth CEO
Cheq

Latka interviewed Cheq CEO on Aug 6, 2019

Cheq

Guy Tytunovich

Cheq CEO
Simplycast

Latka interviewed Simplycast CEO on Jul 25, 2019

Simplycast

Saeed El-Darahali

Simplycast CEO
Divider

List of Security Software SaaS Companies in 2024

All companies $0 - $1M ARR$1M - $5M ARR$5M - $10M ARR$10M+ ARR
Click to add your company (apply)
1
EVINA
$5M
4.7M
2013
$22.5M
68
France
2
Government Network Solutions
$4.9M
0
2000
-
67
United States
3
Secureframe
$4.7M
100
2020
$27M
154
United States
4
EScan
$4.7M
0
1993
$200K
203
India
5
SOC Prime
$4.6M
13.8K
2015
$11M
99
United States
6
OutThink
$4.5M
0
2015
$1.5M
43
United Kingdom
7
SEKOIA
$4.5M
100
2008
$11.8M
115
France
8
Xopero
$4.5M
100K
2009
$291.8K
50
Poland
9
Bannerman
$4.4M
0
2012
-
42
United States
10
Polymer
$4.4M
0
2020
$7M
24
United States
11
Sentra
$4.3M
0
2021
$23M
84
Israel
12
Securitygate
$4.3M
0
2017
$1M
39
United States
13
GeeTest
$4.3M
290K
2012
$24M
51
China
14
Cobalt Iron
$4.2M
0
2012
$200K
43
United States
15
vArmour
$4.2M
0
2011
$185M
90
United States
16
BOS Framework
$4.1M
0
2018
$2M
32
United States
17
Nopsec
$4.1M
0
2009
$3M
53
United States
18
Clavister
$4.1M
20K
1997
$14.8M
120
Sweden
19
Nucleus Security
$4M
0
2018
$23.4M
73
United States
20
Miklos Systems, Inc.
$4M
0
1993
$1M
37
United States
1 - 20 of 168

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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.

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