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ServiceTitan has built a strong financial foundation with nearly $1.4 billion raised over several funding rounds. The recent funding event in July 2023, which valued the company at around $6.7 billion, underscores investor confidence and aggressive market positioning. This financial backing has enabled significant investments in technology and market expansion. Important funding details include: - A $34M Series H-1 round that bolstered its capital base. - Strategic investments from Battery Ventures, Meritech Capital, and other notable firms. - Advisory involvement by co-founders Ara Mahdessian and Vahe Kuzoyan, ensuring sustained strategic direction. The robust funding history aligns with ServiceTitan's growth priorities by supporting product enhancements and market expansion initiatives. This financial strength helps the company pursue aggressive growth while continuously innovating its platform.
ServiceTitan offers a comprehensive SaaS platform designed specifically for the trades sector, integrating CRM, ERP, and FinTech functionalities into a single solution. The platform streamlines operations and enhances customer retention for construction and engineering businesses through efficient workflow management.
ServiceTitan operates a subscription-based SaaS model that delivers an integrated platform combining CRM, ERP, and FinTech services tailored for the trades industry. Its sales-led approach targets mid-market and enterprise customers, driving revenue through high-value subscriptions and strategic upsells.
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