ServiceTitan Files for IPO ⚡

Yesterday, ServiceTitan filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC).

The company plans to list its shares on the Nasdaq Global Select Market under the ticker ‘TTAN.’

Founded in 2012 by first-generation Diaspora Armenians Ara Mahdessian and Vahe Kuzoyan, ServiceTitan is a California-based cloud platform specializing in software solutions for trade businesses, particularly contractors in HVAC, plumbing, and electrical services.

ServiceTitan, valued at $9.5 billion following its 2021 funding round, has more than 12,000 customers and more than 3500 employees across Glendale, Atlanta, and Yerevan.

What a week for the Armenian startup ecosystem! 

👏 Congratulations to ServiceTitan for achieving this milestone and we look forward to hearing next steps from this process!