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 Corporate Affairs     Apr,01 2019

Fastest growing SaaS companies in the world

The most powerful world people have ever seen is today in the 21st century as technology landscape with breakthrough innovation streamlining almost everything and for all industries vertical. Since the internet accessibility & availability become more affordability now most IT Tech companies in the world growing at the speed that one can not even predict how far a small startup can go...

 

Over 95% revenue being only generated by SaaS, PaaS, IaaS for leading for global tech companies like Google, Amazon, Microsoft, Oracle, IBM, SalesForce, INTUIT and many others in the list, though these are $billion club companies but ever wondering that even a small Tech startups can also rapidly grow to become a well established successful enterprise in the world.

 

Software as a Service (SaaS) is become the core benchmark for global enterprises to do business by optimizing interactions with their users to simplify process resulting into a growth at an incredible speed.

 

It is interesting to know about fastest growing startup SaaS companies in the world. There are benchmark parameters like Growth, Employees, Users, Revenue, Funding and Current Valuation to measure.

 

SaaS Growth    Slack


Slack hit a threshold of over 10 million active users since May 2018, and over 3 million users on its paid plan, Total over 9 million+ active users from enterprises of all sizes and has reached over $220 million in annual revenue as of 2018.


Previously, Amazon and Microsoft have reportedly considered to acquire Slack at $9 and $8 billion price tags respectively.


It's a high value Unicorn - Slack is one of the fastest growing SaaS startups leading the SaaS space in the world. The widely-used collaboration platform is still private and has raised $790 million in funding, including a brand new round of $250 million led by Softbank in September, 2017. This latest round puts Slack’s valuation at a jaw-dropping $7.1 billion.


Slack was founded by Stewart Butterfield in 2009 and owes its success to forward thinking user experience design that helps teams be more productive. This fast-growing SaaS company has over 1500 employees and ready to go for IPO.


SaaS Growth    ZenDesk


ZenDesk offers software-as-a-service suite for organizations, that offers help desk ticketing, issue tracking and customer service support. The Company provides an integrated on-demand help desk - customer support portal, Multi-channel customer service solutions, including live chat, self-service and integrated call center software. Clients can also manage marketing campaigns and analyze the data in one place.


The company was founded in 2007 and went public in 2014, valued as market cap of $3 billion that making it one of the fastest growing SaaS companies, headquartered in San Francisco, California, USA. It is listed on the New York Stock Exchange with the symbol ZEN


Zendesk has over 2600 employees and its revenue has growing 41.5% Year-over-Year annual revenue $598 Millions in 2018.


The help desk platform hosts a constellation of products that help organizations understand their customers better, improve communications, and smooth over consumer touch points.
 

SaaS Growth    GitHub


GitHub is the developer company, now acquired by MircoSoft for $7.5 billion.


GitHub is now being used by over 15 million people in the world for collaboration on projects. It's a dedicated platform for Developers to build and manage development work with co-workers, friends, or complete strangers. This popular site is now the only largest code host in the world.

 

GitHub is a web-based hosting service for version control using Git and most used computer code. It offers all of the distributed version control and source code management (SCM) functionality of Git as well as adding its own features.


GitHub is just for developers, coders, development teams to collaborate and review projects. The site has hosted almost hosted over 50 million projects and has grown to over 800 employees.The universal platform was founded in 2008 and has grown exponentially ever since.


This impressive SaaS company has raised $350 million in venture capital in three rounds and is valued at $9 billion.


SaaS Growth    HubSpot


HubSpot is a marketer of software products for inbound marketing and sales which has set an industry benchmark when it comes to managing inbound marketing campaigns. The SaaS company offers a free CRM tool, marketing, and sales integrated platforms that streamline lead nurture at every step of the consumer journey.


HubSpot was founded in 2006 and being led by Brian Halligan and Dharmesh Shah since then has raised $100 million in six funding rounds.


HubSpot become a public limited in 2014,  has equity of $215 Millions and still growing very strong. The company grew merely from $255,000 in revenues in 2007 to US$513 million in 2018.


Now HubSpot,INC employs 2500+ employees, has grown its revenue year-over-year by 49% , HubSpot also acquired Kemvi - which applies artificial intelligence and machine learning to help sales teams.


SaaS Growth    Zoom

 

Zoom Video Communications provides remote conferencing services using cloud computing. Zoom offers communications software that combines video conferencing, online meetings, chat, and mobile collaboration.

 

Zoom was founded just in 2011 by  Eric S. Yuan - a company headquartered in San Jose, California

 

Zoom's customer base includes 58% of the Fortune 500. The company has seen triple-digit YoY user and revenue growth. Zoom employs over 1300 employees and d As of August 2018

 

February 4, 2015, Zoom Video Communications received $30 million in Series C funding and in January 2017, Zoom has officially entered the Unicorn club and attracted $100 million in Series D funding from Sequoia capital at a billion dollar valuation.

 

SaaS Growth    New Relic


New Relic is a digital intelligence company, delivering full-stack visibility and analytics to enterprises around the world. The Company's cloud-based platform and range of products enable organizations to collect, store and analyze software data in real time.


New Relic was founded in 2008 by Lew Cirne an entrepreneur. This performance monitoring company has grown to 1500+ employees and serves over with digital intelligence products, including simulations that catch problems early on, insight into application performance, and detailed metrics.


New Relic went public on the New York Stock Exchange on September 20, 2018 with $5.7 Billions market capitalization and yearly revenue $355 Millions in 2018.

 

SaaS Growth    Anaplan


Anaplan is the SaaS platform Based in San Francisco was founded by Michael Gould in 2006, Anaplan has over 20 offices globally, 175 partners, and more than 1000 customers worldwide.


Anaplan helps large companies align supply chain with finances, optimize production, reduce lead-time, and predict inventory levels. Its cloud-based ecosystem helps businesses make better decisions and improve the workflow of planning processes.


Anaplan has raised $240 million in funding as trusted by Intel and HP. On October 12, 2018, Anaplan listed with NYSE for public trading.


This process-scaling company offers an integrated solution that connects data and people in the planning process into one comprehensive platform, making it one of the fastest growing SaaS companies.

 

SaaS Growth    KnowBe4

 

KnowBe4 is the world's most popular integrated platform for awareness training combined with simulated phishing attacks. It was founded by Stu Sjouwerman in August 2013. KnowBe4 experienced a 178% growth during the 12-month observation period.

 

There is no national security strategy in place to protect against cyber-attacks on private organizations; Small and Medium Enterprises are completely on their own. The efficacy of the major source of network protection to date, antivirus suites against malicious threats and zero-day exploits, is severely lacking—antivirus is but a component of a truly effective network security strategy.

 

Just in March 2019 is has received $50 Millions series C funding and previously series B funding $30 Millions in October 2017 and total funding reached over $90 Million as of March 2019.

 

It has over 500 employees now and adding more to the global operations now.

 

SaaS Growth    Eventbrite


Eventbrite is an event technology platform that offers to create, share, find and attend events of all kinds like music festivals, marathons, conferences, hackathons, air guitar contests, political rallies, fundraisers, gaming competitions, hosting an event to sell tickets and manage registrations.


It is the world’s largest self-service platform for live experiences and powers over 2 millions events per year.
The company was co-founded and is run by Julia Hartz and has raised $200 million in venture capital, putting its valuation at $1 billion.


Eventbrite is a global player with 1000+ employees and offices in major countries. Its success rests partly on Eventbrite Spectrum, an open API platform, which provides easy integration with over 170 industry leading technology platforms.


EventBrite went public on the New York Stock Exchange on September 20, 2018 with $1.5 Billions market capitalization.

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Definitely there are few more left to add in the list here but in conclusion all these startups turns into $billion unicorns significantly within a very short span and become a well recognized, trusted and most popular SaaS solution provider each in it's own respective service zone that setup a global benchmark of its own demonstrating and writing a huge success history of it's kind.


Software as a Service (SaaS) has become an essential part of how modern businesses operate. Business Wire report suggest that the SaaS market is anticipated to grow at a compound annual growth rate (CAGR) of 21.2% during the forecast period 2018-2023. In fact, 2018 was a poster year for SaaS organizations as a whole because it saw several high-growth SaaS companies going public.


Microsoft leads the SaaS market with a market share of over 17% and an annual growth of 45%. The total enterprise SaaS market as a whole is presently generating $20 billion in quarterly revenues and the number is growing at a CAGR of 32%.