3 SaaS Startups in Houston

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in Houston. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 3 VC funded SaaS startups in Houston .

Cognitive Space

Organizations may fly their satellites with the aid of Cognitive Space, which uses artificial intelligence to revolutionize satellite operations for mission management, collection planning, and communications link coordination. The economy in New Space is drawing enormous investment and expanding tremendously. Thousands of new commercial spacecraft will occupy space. But for New Space enterprises, developing the necessary "ground architecture" is a huge barrier that often entails a considerable financial investment, a multi-year time commitment, and a high level of execution risk as they grow their business. The plumbing and processes necessary to monetise their constellations are typically unknown to satellite businesses, and they frequently have no clue how to develop the ground infrastructure that will support their commercial goal. Derisking and accelerating their buildout timetable, as well as an operational capability, are provided by Cognitive Space, which is subsequently used to improve their continuing operations. New Equipment for a New Space Advanced SaaS services are offered by Cognitive Space to satellite operators and providers of space infrastructure for maximizing revenue and performance yield, predicting future capacity, and managing collection management as satellite constellations expand and scale. Our efforts will significantly enhance how we keep track of the Earth for comprehending its economy, environment, and national security. Visit www.CognitiveSpace.com to learn more.

Company details:
Founders:
Guy de Carufel
Founded:
2018
Based in:
Houston, Texas, United States
Industries:
Aerospace, Artificial Intelligence, Cloud Computing, Enterprise Software, Machine Learning, Military, National Security, SaaS, Satellite Communication, Software
Latest funding:
$4,000,000
Seed
18 November 2021
Total funding:
$5,620,000
Investors
Techstars, Creative Destruction Lab (CDL), Cultivation Capital, Glasswing Ventures, SpaceFund

HighRadius

HighRadius is an enterprise Fintech Software-as-a-Service (SaaS) provider that uses Autonomous Systems powered by Artificial Intelligence to assist 600+ market-leading businesses in automating their Accounts Receivable and Treasury procedures. Through the automation of receivables and payments operations spanning credit, electronic billing and payment processing, cash application, deductions, and collections, the HighRadius® Integrated Receivables platform shortens cycle times in your order-to-cash process. In order to facilitate quicker A/R processing and improve their working capital, hundreds of mid-sized firms may use the HighRadius® RadiusOne AR Suite thanks to its cost-effective platform. Teams may accomplish touchless cash management and precise cash forecasting with the aid of HighRadius® Treasury Management Applications. HighRadius enables teams to use machine learning to forecast future outcomes and automate repetitive labor-intensive operations for order-to-cash teams, and it is powered by the RivanaTM Artificial Intelligence Engine and FreedaTM Digital Assistant. HighRadius solutions have a proven track record of improving cash flow, lowering days sales outstanding (DSO) and bad debt, and enhancing operational efficiency so that businesses may achieve high ROI in only a few months. Each year, they process over $2.23 trillion in receivables transactions. HighRadius has been recognized as a Leader by IDC MarketScape twice in a row and is the most popular solution in the market for accounts payable and treasury. Please visit www.highradius.com for further information.

Company details:
Founders:
Sashi Narahari
Founded:
2006
Based in:
Houston, Texas, United States
Website:
HighRadius
Industries:
Accounting, Artificial Intelligence, FinTech, Machine Learning, SaaS, Software
Latest funding:
$300,000,000
Series C
30 March 2021
Total funding:
$475,000,000
Investors
Tiger Global Management, PNC, ICONIQ Growth, Susquehanna Growth Equity, Howie Liu

Voyager Portal

A SaaS multi-party collaboration and workflow management solution for the marine value chain is offered by Voyager Portal.

Company details:
Founders:
Bret Smart, Matthew Costello
Founded:
2018
Based in:
Houston, Texas, United States
Industries:
SaaS, Software
Latest funding:
$8,400,000
Series A
1 December 2021
Total funding:
$10,210,460
Investors
Techstars, Flexport, Venture Kick, ATX Venture Partners, Blue Bear Capital

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