ServiceTitan, Inc.
Company History
ServiceTitan History: Founding, Growth & Key Milestones
Founded 2012 in Glendale, California, United States
When was ServiceTitan founded?
ServiceTitan was founded in 2012 in Glendale, California, United States by Ara Mahdessian and Vahe Kuzoyan, making it 14 years old.
- Founded
- 2012
- Founding place
- Glendale, California, United States
- Founders
- Ara Mahdessian and Vahe Kuzoyan
- Headquarters today
- Glendale, California, United States
- Milestones documented
- 7 (2012–2026)
- Current CEO
- Ara Mahdessian
- Acquisitions
- 3
| Year | Event |
|---|---|
| 2012 | ServiceTitan founded |
| 2021 | Aspire acquisition |
| 2022 | FieldRoutes acquisition |
| 2024 | Nasdaq IPO at $71 per share |
| 2024 | Acquired Convex |
| 2026 | Fiscal 2026 revenue of $961 million |
| 2026 | Q2 fiscal 2027: record free cash flow |
- Where was ServiceTitan founded?
- ServiceTitan was founded in Glendale, California, United States in 2012.
- Who founded ServiceTitan?
- ServiceTitan was founded by Ara Mahdessian and Vahe Kuzoyan.
- When did ServiceTitan start?
- ServiceTitan was founded in 2012.
- How old is ServiceTitan?
- ServiceTitan is 14 years old as of 2026.
Founding Story
Ara Mahdessian and Vahe Kuzoyan grew up in Southern California's Armenian-American community, and both had fathers in the trades. While in school, they built software to help their fathers run their contracting businesses, then founded ServiceTitan in 2012 to sell that kind of tool to other contractors. Twelve years later they took the company public on Nasdaq.
Founders
Ara Mahdessian
Ara Mahdessian is co-founder and Chief Executive Officer of ServiceTitan. He co-founded the company in 2012 with Vahe Kuzoyan after the two built software to help their fathers run contracting businesses. He led ServiceTitan through venture funding, the acquisitions of Aspire, FieldRoutes and Convex, its December 2024 Nasdaq IPO, and its push into AI with the Max offering. Ara Mahdessian was born in 1985.
Vahe Kuzoyan
Vahe Kuzoyan is co-founder and President of ServiceTitan. He co-founded the company in 2012 with Ara Mahdessian and has worked on product and customer strategy, drawing on his family background in plumbing. Vahe Kuzoyan was born in 1985.
Key Milestones
ServiceTitan founded
Ara Mahdessian and Vahe Kuzoyan founded ServiceTitan in Southern California to build software for trade contractors.
Source: en.wikipedia.orgAspire acquisition
Acquired Aspire, business management software for commercial landscaping contractors.
Source: en.wikipedia.orgFieldRoutes acquisition
Acquired FieldRoutes, software for pest control and lawn care businesses.
Source: en.wikipedia.orgNasdaq IPO at $71 per share
Priced its IPO of 8.8 million Class A shares at $71 on December 11, 2024 and began trading as TTAN the next day.
Source: servicetitan.comFiscal 2026 revenue of $961 million
Revenue grew 24% to $961 million with $82.1 billion of gross transaction volume; annualized revenue run rate passed $1 billion.
Source: barchart.comQ2 fiscal 2027: record free cash flow
Revenue rose 21% to $292.8 million with $50.5 million of non-GAAP free cash flow, as customers adopted the AI-driven Max offering.
Source: finance.yahoo.comMajor Acquisitions
Aspire Software
2021Business management software for commercial landscaping contractors.
FieldRoutes
2022Software for pest control and lawn care companies.
Convex
2024Sales intelligence and prospecting software for commercial service contractors.
Keep researching ServiceTitan
ServiceTitan Company History FAQ
When and where was ServiceTitan founded?
ServiceTitan was founded in 2012 in Glendale, California, by Ara Mahdessian and Vahe Kuzoyan, though the founders began developing initial software prototypes as early as 2007 to help their fathers' residential contracting businesses.
What inspired the founding of ServiceTitan?
Both Ara Mahdessian and Vahe Kuzoyan are the sons of Armenian immigrant residential contractors—Mahdessian's father was a plumber and Kuzoyan's was an HVAC technician. After graduating from Stanford and USC, they realized existing generic software like QuickBooks could not handle field dispatching, scheduling, or mobile invoicing for trade contractors.
What was the initial software built by the founders?
The founders spent five years working side-by-side with their fathers' technicians, writing custom code in residential garages to solve dispatch delays, track fleet vans via GPS, and create digital tablet estimates for homeowners on job sites.
When did ServiceTitan raise its first venture capital?
In 2015, ServiceTitan raised an $18 million Series A funding round led by Bessemer Venture Partners (partner Byron Deeter), which recognized that residential home services represented an unpenetrated, hundred-billion-dollar vertical software market.
When did ServiceTitan achieve unicorn status?
In November 2018, ServiceTitan reached a $1.65 billion valuation following a $165 million Series C round led by Index Ventures, with participation from ICONIQ Growth, Bessemer, and Dragoneer Investment Group, becoming the premier vertical SaaS unicorn for the trades.
How did ServiceTitan expand from residential HVAC into commercial trades?
Originally focused on residential HVAC, plumbing, and electrical service contractors, ServiceTitan expanded into commercial building services, roofing, pest control, and landscaping through major strategic acquisitions including Aspire Software and FieldRoutes.
What was the landmark acquisition of Aspire Software in 2021?
In July 2021, ServiceTitan acquired Aspire Software for approximately $440 million, establishing an immediate market-leading presence in commercial landscaping and property maintenance business management.
How did ServiceTitan perform during the 2020-2021 pandemic boom?
Home services boomed during the pandemic as homeowners invested heavily in residential renovations and emergency repairs. ServiceTitan's platform processed tens of billions in annual transaction volume, helping contractors transition to contactless digital payments and virtual estimates.
What was ServiceTitan's peak private valuation before public markets?
In 2021, ServiceTitan completed a $200 million financing round at a peak private valuation of approximately $9.5 billion, co-led by Thoma Bravo and Tiger Global Management.
What is Titan Intelligence and how did ServiceTitan introduce AI?
Launched in 2023, Titan Intelligence is ServiceTitan's suite of proprietary AI features that automates customer call booking, transcribes field audio, predicts equipment failure cycles, and generates dynamic pricebooks using historical industry data.
What was ServiceTitan's landmark public offering (IPO)?
ServiceTitan filed its S-1 registration statement with the SEC in late 2024 to complete an initial public offering on the NASDAQ stock exchange under the ticker symbol "TTAN," representing the defining vertical software IPO for the blue-collar economy.
Where is ServiceTitan headquartered today?
ServiceTitan is headquartered in Glendale, California, maintaining major technology and customer support campuses in Atlanta, Georgia, and Yerevan, Armenia.
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