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ServiceTitan
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About ServiceTitan
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Compare ServiceTitan with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | - based on 0 reviews | 3.7/5 based on 85.9k reviews | 3.7/5 based on 51k reviews | 3.9/5 based on 53.8k reviews |
Highly Rated for | - | Job security Work-life balance | Job security | Skill development Job security Company culture |
Critically Rated for | - | Promotions Salary | Promotions Salary | Promotions |
Primary Work Policy | - | Work from office 80% employees reported | Hybrid 61% employees reported | Hybrid 72% employees reported |
Rating by Women Employees | - no rating available | 3.8 Good rated by 24.8k women | 3.8 Good rated by 14.6k women | 3.9 Good rated by 20.1k women |
Rating by Men Employees | - no rating available | 3.7 Good rated by 55.9k men | 3.7 Good rated by 34k men | 3.8 Good rated by 31.1k men |
Job security | - Data not available | 4.5 Good | 3.8 Good | 3.8 Good |
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ServiceTitan Salaries
QA Manager
(1 salaries)
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₹18 L/yr - ₹23 L/yr
ServiceTitan News
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ServiceTitan’s IPO is a big winner that could inspire fintechs
- ServiceTitan, a provider of financial and customer management software for the trades, had a successful IPO that delighted retail investors.
- The stock quickly rose from its IPO sales price of $71 million to $105 a share, and is currently trading above $100.
- ServiceTitan's motive to go public was to pay off venture investors and avoid penalties, rather than market-related reasons.
- The successful debut of ServiceTitan's IPO is seen as an encouraging indicator for other fintech companies in the pipeline to consider going public.
TechCrunch | 13 Dec, 2024
Software startup ServiceTitan valued at $8.97 billion as shares jump 42% in Nasdaq debut
- Shares of ServiceTitan rose about 42% in their US market debut, giving the company a valuation of $8.97 billion.
- The company's shares opened at $101 apiece in their Nasdaq debut, compared to the IPO price of $71.
- ServiceTitan joins other venture capital-backed firms that have gone public this year, including Reddit and Rubrik.
- Goldman Sachs, Morgan Stanley, Wells Fargo, and Citigroup led the underwriting syndicate for the IPO.
Economic Times | 13 Dec, 2024
ServiceTitan pops to $101 in cloud software vendor's Nasdaq debut after selling shares at $71
- ServiceTitan shares rose 42% in their Nasdaq debut after raising $625 million in its IPO.
- The company sold shares at $71 apiece, above the expected range, and opened at $101.
- ServiceTitan's IPO is significant as few tech companies have gone public recently.
- Founded in 2007, ServiceTitan offers cloud software for managing contractors in various trades.
CNBC | 13 Dec, 2024
ServiceTitan Seeks $5.95 Billion Valuation As Part Of IPO
- ServiceTitan, a software start-up company, aims for a $5.95 billion valuation in its IPO.
- The company plans to sell 8.8 million shares at a price range of $65-$67.
- The IPO could potentially raise up to $589.6 million for ServiceTitan.
- ServiceTitan makes cloud software for contractors and posted a $35.7 million net loss on $193 million in revenue in its latest quarter.
Baystreet | 10 Dec, 2024
Is SaaS Back? (TL;DR: It Sure Feels Like It)
- Many top SaaS stocks are experiencing significant growth this year, with companies like Toast, Samsara, Monday, HubSpot, and Shopify seeing substantial increases in their valuations.
- Growth has re-accelerated for many SaaS and Cloud leaders, with companies like Shopify and Twilio experiencing higher growth rates compared to the previous year.
- Several SaaS companies are benefiting from selling AI, including Salesforce and Dialpad.
- The SaaS IPO market is restarting, with promising companies like ServiceTitan and a strong pipeline of upcoming IPOs.
Saastr | 9 Dec, 2024
Cloud software firm ServiceTitan seeks to raise up to $502M in initial public offering
- Cloud software firm ServiceTitan is launching an initial public offering (IPO) to raise up to $502 million.
- ServiceTitan offers a cloud-based platform tailored for service businesses, helping them streamline operations and improve efficiency.
- The platform includes tools for scheduling, dispatching, customer relationship management, and reporting, along with AI-powered technology.
- ServiceTitan has raised $1.1 billion in venture capital funding and is valued at up to $5.16 billion.
Siliconangle | 4 Dec, 2024
Here’s why ServiceTitan was on the clock to go public
- ServiceTitan, a company that builds operating software for trade businesses, has filed for an IPO.
- The timing of the IPO is related to a deal term set in 2022 that required the company to go public by May 2024 or risk diluting its shares.
- The IPO ratchet clause in the deal means that if the IPO valuation is lower than the previous round, certain investors will receive more shares.
- ServiceTitan's valuation is currently estimated to be below the hurdle rate set in the deal, potentially impacting the IPO pricing.
TechCrunch | 26 Nov, 2024
5 Interesting Learnings from ServiceTitan at $700,000,000 in ARR
- ServiceTitan has filed to IPO and will be the 4th SaaS IPO since 2021.
- Key metrics: $700,000,000+ ARR, 24% growth, 110% NRR from Mid-Sized and SMB Customers.
- Interesting Learnings: 1. 110% NRR and 95% GRR from Mid-Sized Customers and SMBs. 2. 3,000 Employees, So About $230,000 in Revenue Per Employee. 3. $60 Billion+ of Payments Flowing Through the Platform Per Year. 4. Focused on $10k+ ACV Customers, and Has 8,000 of Them. 5. $100k+ Customer Count Doubled in Past 2 Years, Now 50% of Revenue.
- Other Learnings: They Lose Money on Professional Services, But Only 5% of Revenue. Over 3,500 Customers and Prospects Attend Their Own Customer Events. Have Dedicated Upsell Sales Teams to Sell Payments and Pro Products Post-Sale.
Saastr | 20 Nov, 2024
Cloud Software Company ServiceTitan Files To Hold IPO
- Cloud software company ServiceTitan has filed for an IPO on the Nasdaq exchange.
- The exact date of the IPO is yet to be determined.
- ServiceTitan provides cloud software for advertising, scheduling jobs, invoicing clients, and more.
- Competitors of ServiceTitan include Salesforce, SAP, HouseCall Pro, and Jobber.
Baystreet | 19 Nov, 2024
ServiceTitan names LLMs from Microsoft, OpenAI as risk factors
- Cloud service startup, ServiceTitan, has listed large language models (LLMs), such as those developed by Microsoft and OpenAI, as potential risk factors in its IPO prospectus.
- The company warns that LLMs could generate inaccurate information and engage in discriminatory behaviors, potentially leading to damage.
- ServiceTitan also highlights the risk of LLMs infringing on others' copyright or intellectual property, as well as the increased exposure to potential hacks and data breaches.
- Additionally, the company cautions that it may face social and ethical issues related to its use of AI and that future regulations could be costly.
TechCrunch | 19 Nov, 2024
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