Market Data Current As Of: September 12, 2026
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Company History
Founded 2012 in Glendale, California, United States
ServiceTitan was founded in 2012 by Ara Mahdessian and Vahe Kuzoyan in Glendale, California. The founders were both sons of Armenian immigrant trade contractors—Mahdessian's father was a residential general contractor and home builder, while Kuzoyan's father operated a plumbing company. Growing up, both boys spent their summers working in the back of service trucks and watched their fathers endure immense emotional and operational stress: managing hundreds of customer jobs on paper clipboards, losing track of invoices, tracking service trucks on dry-erase whiteboards, missing customer phone calls, and nearly facing bankruptcy due to unpaid bills. After graduating from college—Ara from Stanford University with a degree in Management Science and Engineering, and Vahe from the University of Southern California with a degree in computer science—their fathers approached them with a simple plea: build a software program that could save their contracting businesses. Ara and Vahe agreed, writing code alongside their fathers' dispatchers and plumbers. They quickly discovered that the entire multi-billion-dollar home services trade economy had been completely ignored by Silicon Valley. While enterprise software vendors catered to Wall Street banks and tech startups, the essential workers who kept America's water running and heat on were left stranded on paper. Turning down lucrative tech jobs, Mahdessian and Kuzoyan committed themselves to building software exclusively for the trades. Riding in service vans and listening to line technicians, they built an Android mobile app and cloud dispatch dashboard that doubled their fathers' business revenues within twelve months. Recognizing the vast untapped potential, they launched ServiceTitan in 2012, igniting a vertical SaaS revolution that transformed thousands of trade contractors into multi-million-dollar enterprises. In 2012, in a modest room in Glendale, California, two young Armenian-American engineers—Ara Mahdessian and Vahe Kuzoyan—were watching their fathers struggle. Kuzoyan's father was a master plumber whose truck was buried in crumpled carbon-copy paper invoices; Mahdessian's father was a skilled contractor whose business was held back by lost scheduling notes. The two sons made a vow: they would not leave their fathers behind. They went into the field, riding in plumbing vans across Southern California, watching how technicians interacted with dispatchers and homeowners. They built an iPad app that presented Good/Better/Best options with instant financing. When technicians showed the tablet to homeowners, average ticket sizes doubled overnight. That filial devotion to honoring their immigrant fathers built ServiceTitan into a $9.5 billion titan powering over 100,000 tradespeople who keep America running every single day.
Ara Mahdessian is the co-founder and Chief Executive Officer of ServiceTitan, Inc. Having watched his immigrant father work exhausting physical hours only to struggle with paper invoices at night, Mahdessian resolved to apply Silicon Valley software to empower the trade contractors of America. In 2012, alongside childhood friend Vahe Kuzoyan, Mahdessian founded ServiceTitan. Under Mahdessian's visionary, values-led leadership, ServiceTitan grew from a two-man software project into a $9.5 billion vertical enterprise titan generating over $700 million in annual revenue, serving over 12,000 contractor businesses representing 100,000+ technicians. Mahdessian is universally recognized as the pioneer who brought enterprise software to the American trades. Mahdessian's inspiring, values-led leadership and commercial brilliance established ServiceTitan as the undisputed standard of vertical enterprise software. Guided by filial love for his immigrant contractor father, Mahdessian built ServiceTitan into a $9.5 billion technology titan past $700M ARR, establishing Pantheon as the Super Bowl of the Trades and elevating the dignity and prosperity of over 100,000 blue-collar tradespeople across North America.
Vahe Kuzoyan is the co-founder and President of ServiceTitan. An extraordinary software architect and systems thinker, Kuzoyan met Ara Mahdessian in the Glendale Armenian community as boys. At ServiceTitan, Kuzoyan authored the original core dispatch and accounting engine, designed the iconic Visual Mobile Pricebook that doubled contractor ticket sizes, and directs product innovation across commercial construction, mobile field applications, and embedded fintech, establishing the software standards that govern modern field service operations. At ServiceTitan, Kuzoyan's systems software mastery and product design genius were the foundational technological engine of the platform. Authoring the original core dispatch and accounting algorithms, inventing the Visual Mobile Pricebook that transformed field technician sales, and directing engineering roadmaps across mobile, commercial construction, and embedded fintech, Kuzoyan built the software architecture that powers modern field services.
Ara Mahdessian and Vahe Kuzoyan founded ServiceTitan to build software for their fathers' trade businesses.
Secured major growth round led by Byron Deeter at Bessemer, validating the vertical SaaS model for the trades.
Reached a $1.65B valuation and rolled out ServiceTitan Payments and integrated customer equipment financing.
Raised $200M at a $9.5B valuation and acquired commercial landscaping software leader Aspire for $440M.
Filed registration statements with the SEC to list publicly on the Nasdaq under ticker symbol TTAN.
Crossed $680M ARR, processing over $40B in annual GMV across 12,000+ trade businesses and 100,000+ technicians.
Acquired the leading vertical SaaS operating platform for commercial landscaping and snow removal businesses.
Acquired visual customer engagement and interactive proposal software.
Acquired the leading online scheduling and live voice answering service for trade contractors.
Since its establishment in 2012, ServiceTitan, Inc. expanded from an early-stage venture into a recognized leader in Vertical Trade Field Service Management SaaS & Contractor Operating Software, overcoming key market challenges.
Over its history, ServiceTitan, Inc. executed decisive strategic pivots toward scalable monetization and digital distribution, securing its current market leadership.
By continually modernizing operations and embracing workflow automation, ServiceTitan, Inc. maintains resilience through changing technological and economic cycles.