Company:ServiceTitan
| Type | Public |
|---|---|
| NASDAQ: TTAN | |
| Industry | |
| Founded | 2007 |
| Founders |
|
| Headquarters | Glendale, California, US |
Key people |
|
| Services | Enterprise software |
| Revenue |  US$614 million (2024)[1] |
 US$−195 million (2024)[1] | |
Number of employees | 2,870 (2024)[2] |
| Website | servicetitan |
ServiceTitan, Inc. is an American cloud-based software company headquartered in Glendale, California. It provides customer relationship management (CRM) software for tradespersons, with applications focused on sales, customer service, marketing automation, e-commerce and analytics.
History
ServiceTitan was founded by Ara Mahdessian and Vahe Kuzoyan in 2007; their cloud-based platform launched in 2012.[2][3]
In 2019, the company expanded outside the United States, opening an office in Yerevan, Armenia.[4]
ServiceTitan was planning an initial public offering for 2022 before the market for them soured, but continued to work with investment banks Goldman Sachs and Morgan Stanley to prepare for a stock market listing in 2024.[5] Following the 2024 United States presidential election,[6] ServiceTitan filed for an initial public offering with the Securities and Exchange Commission. The company's stock opened on Nasdaq at a price of $71 per share.[7] Prior to the IPO, the company raised $1.4 billion in eight rounds of funding from investors, including Iconiq Capital, Bessemer Venture Partners, TPG Inc. and Index Ventures.[8]
Acquisitions
In 2021, the company acquired Aspire Software, a company specializing in software for landscapers, and ServicePro, a company specializing in software for pest control and lawn care contractors. [9]
Products
In 2025, ServiceTitan announced new AI-powered tools for contractors.[10]
References
- ↑ 1.0 1.1 Lipschultz, Bailey; Roof, Katie; Gould, Ryan (November 18, 2024). "Software Startup ServiceTitan Discloses Loss in IPO Filing". Bloomberg News. https://www.bloomberg.com/news/articles/2024-11-18/software-startup-servicetitan-discloses-loss-in-ipo-filing.
- ↑ 2.0 2.1 Darmiento, Laurence (December 3, 2024). "Glendale's ServiceTitan seeks to raise $500 million in IPO". Los Angeles Times. https://www.latimes.com/business/story/2024-12-03/servicetitan-ipo-glendale-business-management-software-plumbers.
- ↑ Konrad, Alex (March 26, 2021). "ServiceTitan, Software Provider For Tradespeople, Reaches $8.3 Billion Valuation". Forbes. https://www.forbes.com/sites/alexkonrad/2021/03/26/servicetitan-software-provider-for-tradespeople-reaches-85-billion-valuation/.
- ↑ "ServiceTitan Announces Office in Armenia". Los Angeles Business Journal. February 21, 2019. https://www.servicetitan.com/press/servicetitan-opens-office-in-armenia.
- ↑ Anirban Sen, Milana Vinn (December 19, 2023). "Software startup ServiceTitan prepares for 2024 IPO-sources". https://www.reuters.com/technology/software-startup-servicetitan-prepares-2024-ipo-sources-2023-12-19/.
- ↑ Ben Bergman (August 29, 2024). "When will ServiceTitan finally go public? Now, executives are waiting until after the election, sources say.". Business Insider. https://www.businessinsider.com/servicetitan-waiting-until-after-the-election-to-go-public-2024-8.
- ↑ Connor Hart (November 18, 2024). "ServiceTitan Files for IPO". MarketWatch. https://www.marketwatch.com/story/servicetitan-files-for-ipo-1f4cfe83?mod=markets.
- ↑ Nieva, Richard; Konrad, Alex (December 12, 2024). "ServiceTitan Quiets The Doubters, With Shares Up 42% In Rare 2024 Tech IPO". Forbes. https://www.forbes.com/sites/richardnieva/2024/12/12/servicetitan-ipo/.
- ↑ Sam Dean (June 30, 2021). "A blue-collar tech giant grows in Glendale". Los Angeles Times. https://www.latimes.com/business/story/2021-06-30/servicetitan-valuation-glendale-tech.
- ↑ "ServiceTitan launches Atlas AI sidekick to automate contractor operations" (in en-US). 2025-09-18. https://siliconangle.com/2025/09/18/servicetitan-launches-atlas-ai-sidekick-automate-contractor-operations/.
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