Top 10 Largest SaaS Funding Rounds in 2024

The SaaS industry has continued to experience remarkable growth in 2024, with several companies securing substantial funding rounds to fuel their expansion. These funding rounds are vital for accelerating innovation, expanding market reach, and scaling their operations to meet increasing demand.

10 Largest SaaS Funding Rounds in 2024

Below are the largest funding rounds for SaaS companies in 2024, showcasing the sectors driving the future of cloud-based software solutions.

1. Butlr

Funding Amount: $38,000,000 (Series B)

Butlr focuses on utilizing AI and IoT technology to provide innovative solutions for building management and real-time occupancy analytics. Its platform helps businesses optimize energy usage, enhance operational efficiency, and improve workplace experiences by leveraging sensor-driven data insights. This Series B round will enable Butlr to expand its AI-driven offerings and scale operations across new markets.

Statistics:

1. Butlr is operational in over 10 countries.
2. The company’s technology helps reduce energy consumption by up to 30%.
3. Butlr’s sensors process over 100 million data points daily.
4. The company has partnered with over 100 commercial real estate firms.
5. Butlr’s funding round will drive product development in AI and IoT solutions.
6. The company’s sensors are used in more than 1,000 commercial buildings.
7. Butlr has raised a total of $60 million since its inception.
8. The company operates in sectors like real estate, facilities management, and energy.
9. Butlr has seen a 50% increase in demand for its products since its Series A.
10. The company plans to expand to 5 new markets by the end of 2025.

2. Pylon

Funding Amount: $17,000,000 (Series A)

Pylon offers energy management software solutions, providing businesses with tools to monitor and optimize energy consumption. The company’s platform is designed to help companies reduce energy costs, improve sustainability, and enhance operational efficiency. This Series A funding will be utilized to further develop Pylon’s technology and expand its footprint in the clean tech sector.

Statistics:

1. Pylon’s platform is used in over 1,000 commercial and industrial facilities.
2. The company has helped clients reduce energy consumption by over 20%.
3. Pylon’s Series A round marks its first major funding milestone.
4. The company operates across 7 countries in North America and Europe.
5. Pylon’s solutions have saved over $50 million in energy costs for clients.
6. The company has been recognized for its commitment to sustainability.
7. Pylon plans to double its workforce within the next year.
8. Over 60% of its customer base is in the manufacturing sector.
9. The company aims to expand its offerings to include AI-powered energy predictions.
10. Pylon’s technology is integrated with over 500 energy management systems globally.

Also Read: SaaS Companies That Got Funding in 2024

3. TiLT

Funding Amount: $15,000,000 (Series B)

TiLT provides a SaaS platform for remote team engagement, productivity tracking, and virtual collaboration. With the rise of hybrid and remote work, TiLT’s platform has gained traction by offering tools that enhance team performance and foster a sense of connection. The Series B funding will enable TiLT to scale its platform, introduce new features, and enhance its presence in the remote work software market.

Statistics:

1. TiLT is used by over 5,000 companies worldwide.
2. The platform has seen a 75% year-over-year growth in active users.
3. TiLT’s Series B funding will be allocated toward expanding its feature set.
4. The platform supports over 100,000 remote workers.
5. TiLT has helped clients improve employee engagement by up to 40%.
6. The company’s platform integrates with over 30 other SaaS tools.
7. TiLT’s user base spans industries such as tech, education, and healthcare.
8. The platform supports 15 different languages.
9. TiLT plans to add AI-powered engagement analytics in the next release.
10. The company has raised a total of $25 million since its inception.

4. pgEdge

Funding Amount: $10,000,000 (Series A)

pgEdge specializes in delivering edge computing solutions for enterprises that need to process large amounts of data in real-time. The company provides a platform that allows organizations to deploy, manage, and scale edge computing applications. With the Series A funding, pgEdge is focused on expanding its edge computing infrastructure and enhancing its capabilities for use in industries such as IoT and 5G networks.

Statistics:

1. pgEdge has secured partnerships with major telecommunications companies.
2. The platform is used by over 200 enterprises across North America and Europe.
3. pgEdge’s edge computing solutions support over 1,000 devices connected in real time.
4. The company plans to expand to Asia and Latin America by 2025.
5. pgEdge’s technology reduces data processing times by up to 80%.
6. The company’s solutions are used in over 10 industries, including automotive and healthcare.
7. pgEdge has raised $15 million in total funding to date.
8. The company’s edge platform is compatible with over 50 IoT devices.
9. pgEdge is focused on building out its 5G network integration capabilities.
10. The company has been selected as a strategic partner for several global IoT projects.

5. Parry Labs

Funding Amount: $80,000,000 (Series A)

Parry Labs is a next-generation SaaS company focusing on enterprise AI solutions. The company helps organizations optimize their operations and enhance decision-making through data-driven AI tools. This Series A funding will help Parry Labs accelerate its development of AI-powered applications designed to address complex business challenges across industries such as logistics, retail, and finance.

Statistics:

1. Parry Labs has over 300 customers globally.
2. The company’s AI-powered tools are used by 40% of the top logistics firms.
3. Parry Labs plans to expand its product offerings in AI automation.
4. The Series A round is the company’s first significant funding milestone.
5. Parry Labs has processed over 500 million data points for clients.
6. The company has 15 AI solutions that are actively used by enterprises.
7. Parry Labs has a customer retention rate of 90%.
8. Over 50% of its clients are Fortune 500 companies.
9. The company’s revenue has grown by 120% in the past year.
10. Parry Labs is set to hire 200 more employees by the end of 2024.

6. nOps

Funding Amount: $30,000,000 (Series A)

nOps provides a cloud optimization platform designed to help businesses reduce cloud infrastructure costs while improving performance. The platform leverages automation and AI to monitor cloud usage and offer recommendations for cost-saving optimizations. nOps’ Series A funding will be directed toward expanding its product capabilities and integrating with more cloud service providers.

Statistics:

1. nOps has saved over $100 million in cloud costs for its clients.
2. The platform is used by over 1,000 businesses globally.
3. nOps plans to integrate with additional cloud service providers like Microsoft Azure.
4. The company’s solutions reduce cloud costs by up to 30% for clients.
5. nOps operates in over 10 countries.
6. The company’s platform manages over 500 terabytes of cloud data daily.
7. nOps has raised $40 million in total funding.
8. The company’s AI algorithms provide real-time optimization recommendations.
9. Over 70% of nOps’ customers are in the IT and SaaS industries.
10. nOps helps companies improve cloud performance by up to 50%.

Also Read: How To Get SaaS Startup Funding – Explained

7. Pigment

Funding Amount: $144,226,442 (Series D)

Pigment offers a financial planning and analytics platform designed to streamline and automate financial processes for businesses. By leveraging advanced analytics and AI, Pigment helps organizations improve their budgeting, forecasting, and decision-making. With the Series D funding, Pigment plans to expand its product features and grow its customer base globally.

Statistics:

1. Pigment serves over 1,000 clients across 30 countries.
2. The platform is used by over 50% of the top Fortune 500 companies.
3. Pigment has raised over $250 million in funding to date.
4. The company’s tools process over 1 million financial transactions daily.
5. Pigment’s AI-driven insights reduce financial planning time by 40%.
6. The platform supports integration with over 200 enterprise software tools.
7. Pigment has reduced forecasting errors for clients by up to 30%.
8. The company plans to expand its presence in Asia and Latin America.
9. Pigment is used by over 10,000 finance professionals.
10. The company expects a 50% increase in its customer base by the end of 2024.

8. Blip

Funding Amount: $60,000,000 (Series C)

Blip is an application for time tracking that enables employees to clock in and out from smartphones or tablets. It allows organizations to use a paperless system to record working hours and the locations of their workers. Users can set up a geofence around key workplaces or the company premises.

Statistics:

1. Blip has facilitated over 60 million clock-ins globally as of December 2024.
2. The app uses geofencing and QR code scanning for seamless time tracking.
3. Users report challenges like battery drain and inconsistent tracking in some cases.
4. Blip is available on iOS and Android, catering to a wide audience of businesses.

9. Learn to Win

Funding Amount: $30,000,000 (Series A)

Learn to Win is an educational technology SaaS company focused on performance training and learning management systems. The platform helps organizations and individuals improve learning outcomes through data-driven insights and interactive training solutions. Learn to Win plans to use its Series A funding to enhance its platform’s capabilities and expand its reach to more educational institutions and corporate training programs.

Statistics:

1. Learn to Win has over 100 corporate clients.
2. The platform is used by more than 500,000 learners globally.
3. The company plans to expand into K-12 education in 2025.
4. Learn to Win has reduced training time by up to 40% for clients.
5. The platform is used in over 10 industries, including healthcare and education.
6. Learn to Win’s Series A funding will allow the addition of AI-based learning analytics.
7. The company’s customer retention rate is 85%.
8. Learn to Win’s solutions have increased learner engagement by 25%.
9. The company operates in over 20 countries.
10. Learn to Win has raised a total of $40 million in funding.

10. Cube

Funding Amount: $25,000,000 (Funding Round)

Cube provides a SaaS platform for budgeting, forecasting, and financial reporting. The platform allows businesses to integrate financial data from multiple sources and gain real-time insights into their financial performance. With this funding, Cube plans to enhance its platform’s data analytics capabilities and expand its customer base globally.

Statistics:

1. Cube serves over 500 clients globally.
2. The platform is used by over 5,000 finance professionals.
3. Cube has raised a total of $50 million in funding to date.
4. The company’s tools reduce budgeting time by up to 30%.
5. Cube operates in over 15 countries.
6. The platform integrates with more than 50 accounting tools.
7. Cube helps clients improve financial accuracy by 20%.
8. The company plans to add AI-powered financial analytics in the next quarter.
9. Cube has expanded into the SaaS verticals such as retail and technology.
10. Cube’s revenue has grown by 60% year-over-year.

These funding rounds highlight the impressive innovations within the SaaS space in 2024. Companies across industries are raising substantial capital to push the boundaries of what’s possible with software solutions, shaping the future of businesses worldwide.