Enterprise Weekly #495: ServiceTitan Trades Up, We're Hiring, and More
Work-Bench is an enterprise software VC firm leading Seed rounds. If you are or know anyone thinking about founding an enterprise software startup — we’d love to meet! Please reach out to chat. 📩
ServiceTitan became the first significant venture-backed tech company to go public since Rubrik and Reddit made the leap earlier in 2024, closing its inaugural trading day up 42% at $101/share with a market cap of ~$9B 🙌
When founded in 2012, ServiceTitan wasn't an obvious winner. Vertical SaaS wasn't as popular then, and companies like Veeva Systems were still emerging. ServiceTitan’s success is a good reminder that building a category-defining company requires unique market insight, exceptional execution, and a skilled early team of believers.
ServiceTitan's initial hypothesis centered on providing a mobile-first experience for trades professionals who needed convenient, on-the-go software solutions. This approach mirrors today's AI revolution, which is transforming how we interact with software, price products, and digitize workflows. Just as mobile and cloud technologies reshaped user experiences, AI is now pioneering another significant shift in software design 💪
On a personal note, 2025 will be 12 years of Work-Bench! As we head into our next chapter with $375M AUM, we are growing our small but mighty team across 3 key roles:
If you love enterprise software, early-stage go-to-market, karaoke, and Olive Garden, please reach out - we’d love to hear from you.
📚 Read more news:
The Information: Apple is working on a new custom ASIC
Yahoo Finance: Amazon announced updates to its AWS data centers
Meta: Meta launched Llama 3.3, a new 70B model that matches the performance of the 405B model
New York Times: What Is Venture Capital Now Anyway?
TechCrunch: Carta is making it hard to cancel subscriptions
📚 Read more (th)reads:
Company: Courier Health
Role: Product Marketing Manager
Technology: Patient Engagement Platform
Funding: $20.1M from Work-Bench and Norwest Venture Partners
🌟 Company of the Week 🌟
GovSignals raises $5.5M led by Unusual Ventures
Future of Work • Seed • New York, NY
Co-Founders: Ethan Aldrich, Derek Hoyt, Conner Aldrich
AIMon raises $2.3M led by Bessemer Venture Partners and Tidal Ventures
Data / AI / Machine Learning • Pre-Seed • Palo Alto, CA
Pin raises $3M led by Expa Ventures
HR Tech • Seed • New York, NY
Yampa raises $3.1M led by Partech
Data / AI / Machine Learning • Seed • Paris, France
HiringBranch raises $3.5M led by Crédit Mutuel Equity
HR Tech • Series A • Montreal, Canada
Wald raises $4M led by Inventus Capital
Data / AI / Machine Learning • Seed • Palo Alto, CA
eSelf raises $4.5M led by Explorer Investments
Data / AI / Machine Learning • Seed • Tel Aviv, Israel
Mainframe raises $5.5M led by Stellation Capital, Lachy Groom and Others
Collaboration / Productivity • Seed • San Francisco, CA
Embeddable raises $6.3M led by OpenOcean
Infrastructure / Dev Tools • Seed • London, UK
SkySQL raises $6.6M led by Eniac Ventures, Good Capital, and WTI
Infrastructure / Dev Tools • Seed • Palo Alto, CA
Gentrace raises $8M led by Matrix Partners
Infrastructure / Dev Tools • Series A • San Francisco, CA
Silent Push raises $10M led by Ten Eleven Ventures
Risk / Security • Series A • Reston, VA
Mach9 raises $12M led by Quiet Capital
Infrastructure / Dev Tools • Seed • San Francisco, CA
TrueWind raises $13M led by Rho Capital
Future of Work • Series A • San Francisco, CA
BRM raises $15M led by Caffeinated Capital
Sales / Marketing • Series A • San Francisco, CA
Evidently raises $15M led by DN Capital
Future of Work • Series A • Palo Alto, CA
RapidCanvas raises $16M led by Peak XV
Data / AI / Machine Learning • Series A • Austin, TX
Ask Sage raises $17M led by Sapphire Ventures
Data / AI / Machine Learning • Series A • Arlington, VA
Stigg raises $17.5M led by Red Dot Capital Partners
Data / AI / Machine Learning • Series A • Tel Aviv, Israel
Aampe raises $18M led by Theory Ventures
Data / AI / Machine Learning • Series A • San Francisco, CA
Vapi raises $20M led by Bessemer Ventures Partners
Data / AI / Machine Learning • Series A • San Francisco, CA
NeuBird raises $22.5M led by M12
Infrastructure / Dev Tools • Series A • San Mateo, CA
Stainless raises $25M led by a16z
Infrastructure / Dev Tools • Series A • New York, NY
Cartesia raises $27M led by Index Ventures
Data / AI / Machine Learning • Seed • San Francisco, CA
Flare raises $30M led by Base10 Partners
Risk / Security • Series B • Montreal, Canada
LambdaTest raises $38M led by Avataar Ventures
Infrastructure / Dev Tools • Series D • San Francisco, CA
WaveForms AI raises $40M led by a16z
Data / AI / Machine Learning • Seed • San Francisco
Astrix Security raises $45M led by Menlo Ventures
Risk / Security • Series B • New York, NY
Evinced raises $55M led by Insight Partners
Future of Work • Series C • Palo Alto, CA
Crusoe raises $60M led by Founders Fund
Data / AI / Machine Learning • Series D • San Francisco, CA
Sublime Security raises $60M led by IVP
Risk / Security • Series B • Washington, DC
Speak raises $78M led by Accel
Productivity / Collaboration • Series C • San Francisco, CA
ServiceTitan raises $625M in its IPO
Productivity / Collaboration • IPO • Glendale, CA