Data & Analytics
Data and analytics SaaS platforms help enterprises store, query, and visualize large datasets. This category includes cloud data warehouses, BI tools, and observability platforms. Public data companies are valued heavily on NRR and net new ARR growth — retention signals whether customers are expanding usage or rationalizing licenses. Track 9 public data & analytics SaaS companies here.
What drives multiples in Data & Analytics
Data and analytics SaaS companies are valued on consumption growth and NRR above all else. Investors look for evidence that data workloads are expanding on the platform — rising NRR signals customers are running more queries, building more pipelines, and storing more data. Gross margin above 70% and remaining performance obligations (RPO) growth are secondary signals that inform long-term revenue visibility.
Top performers in this sector
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Sector vs. all public SaaS
9 Companies
Amplitude, Inc.
Clearwater Analytics Holdings, Inc.
Confluent, Inc.
Domo, Inc.
Momentive Global Inc.
MongoDB, Inc.
Palantir Technologies Inc.
Snowflake Inc.
Verisk Analytics, Inc.
Sector Insights
Clearwater Analytics Holdings, Inc. is the outlier
Clearwater Analytics Holdings, Inc. (CWAN) posts a Rule of 40 of 69, more than 20 points above the sector average of 39. This efficiency standout pulls the sector mean higher.
High-growth sector
Average revenue growth of 26% YoY places Data & Analytics among the fastest-expanding SaaS categories. Strong demand tailwinds, expanding TAM, and displacement of legacy software all contribute.
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