ServiceTitan vs Toast: Founders, CEOs and History
ServiceTitan was founded in 2012 by Ara Mahdessian, Vahe Kuzoyan and is led by Ara Mahdessian. Toast was founded in 2011 by Aman Narang, Steve Fredette, Jonathan Grimm and is led by Aman Narang.
Company facts
ServiceTitan
- Founded
- 2012
- Headquarters
- Glendale, California, United States
- Current CEO
- Ara Mahdessian
- Employees
- 3,414
Toast
- Founded
- 2011
- Headquarters
- Boston, Massachusetts, United States
- Current CEO
- Aman Narang
- Employees
- 6,500
Founders
ServiceTitan
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.
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.
Toast
Aman Narang
Aman Narang co-founded Toast in 2011 and held president and COO roles before becoming CEO on January 1, 2024, succeeding Chris Comparato. He is also a director of the company.
Steve Fredette
Steve Fredette co-founded Toast in 2011 and served as president, helping build the company's product and go-to-market organization through its growth and 2021 IPO.
Jonathan Grimm
Jonathan Grimm co-founded Toast in 2011 and served as its chief technology officer during the company's early years, leading development of the cloud platform.
CEOs and their tenures
ServiceTitan
- Ara Mahdessian2012–present
Co-Founder and Chief Executive Officer
Leads strategy and operations; took the company public in December 2024 and is driving the shift to the Max AI offering.
Source - Vahe Kuzoyan2012–present
Co-Founder and President
Co-founded the company and works on product and customer strategy.
Source
Toast
- Chris Comparato2015–2023
Chief Executive Officer
Led Toast through its 2021 IPO; co-founder Aman Narang succeeded him on January 1, 2024.
Source - Aman Narang2024–present
Co-Founder and Chief Executive Officer
Directs overall corporate vision, product architecture, restaurant partnerships, and public company leadership.
Source
Timeline: ServiceTitan and Toast side by side
2011Toast
Toast Founded in Cambridge by MIT Endeca Alumni
Aman Narang, Steve Fredette, and Jonathan Grimm founded Toast to build cloud software for restaurants.
2012ServiceTitan
ServiceTitan founded
Ara Mahdessian and Vahe Kuzoyan founded ServiceTitan in Southern California to build software for trade contractors.
2013Toast
Pivots from Mobile Consumer App to Full Restaurant POS
Pivoted to a complete cloud restaurant POS system, signing its first commercial restaurant in Cambridge.
2015Toast
$30M Series B Led by Bessemer Venture Partners
Raised $30 million, crossing 1,000 restaurant locations and expanding regional field sales across the US.
2018Toast
$115M Series D at $1.4B Valuation & Launches Toast Go
Raised a $115 million Series D led by TCV and Tiger Global, reaching unicorn status, and launched the Toast Go handheld.
2020Toast
$400M Series F at $4.9B Valuation & COVID-19 Operational Pivot
Raised a $400 million Series F at a $4.9 billion valuation in February 2020, then cut about half its workforce in April 2020 as COVID-19 shut dining rooms.
2021ServiceTitan
Aspire acquisition
Acquired Aspire, business management software for commercial landscaping contractors.
2021Toast
Historic Initial Public Offering on the NYSE (NYSE: TOST)
Went public on the New York Stock Exchange, raising $870 million at an opening valuation of $20 billion.
2022ServiceTitan
FieldRoutes acquisition
Acquired FieldRoutes, software for pest control and lawn care businesses.
2023Toast
Expands to Canada, UK and Ireland; Crosses 100,000 Locations
Began selling outside the US and passed 100,000 restaurant locations.
2024ServiceTitan
Nasdaq 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.
2024Toast
Aman Narang Appointed CEO & Toast Achieves GAAP Profitability
Co-founder Aman Narang became CEO on January 1, 2024; Toast reported $19 million of GAAP net income for the year, its first annual profit.
2025Toast
Revenue Reaches $6.15B and Net Income $342M
Added a record 30,000 net locations to about 164,000 and processed about $195 billion in GPV.
2026ServiceTitan
Fiscal 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.
2026ServiceTitan
Q2 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.
2026Toast
About 180,000 Locations and $2.4B ARR by Mid-Year
Q2 2026 revenue rose 23% to $1.91 billion with a record 9,500 net location adds.
Acquisitions
ServiceTitan
- Convex2024Undisclosed
- FieldRoutes2022Undisclosed
- Aspire Software2021Undisclosed
Toast
- Delphi Display Systems2023Undisclosed
- xtraCHEF2021Undisclosed
- Sling2021Undisclosed
Questions about ServiceTitan vs Toast
Who is the CEO of ServiceTitan, Inc. and Toast, Inc.?
ServiceTitan, Inc. is led by Ara Mahdessian and Toast, Inc. is led by Aman Narang. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was ServiceTitan, Inc. founded vs Toast, Inc.?
Toast, Inc. was founded in 2011 — 1 year before ServiceTitan, Inc., which was founded in 2012. Toast, Inc.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger ServiceTitan, Inc..
How many employees does ServiceTitan, Inc. have compared to Toast, Inc.?
ServiceTitan, Inc. employs approximately 3,414 people, while Toast, Inc. employs approximately 6,500. Toast, Inc. has the larger workforce at 6,500 employees, compared to ServiceTitan, Inc.'s 3,414. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are ServiceTitan, Inc. and Toast, Inc. headquartered?
Both ServiceTitan, Inc. and Toast, Inc. are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded ServiceTitan, Inc. and Toast, Inc.?
ServiceTitan, Inc. was founded by Ara Mahdessian, Vahe Kuzoyan. Toast, Inc. was founded by Aman Narang, Steve Fredette, Jonathan Grimm.
Which company has a longer operating history — ServiceTitan, Inc. or Toast, Inc.?
Toast, Inc. has been operating for approximately 15 years, making it the more established of the two companies. ServiceTitan, Inc. has been in operation for around 14 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the ServiceTitan vs Toast overview