ServiceTitan Valued at $9.5B, Prepares for IPO with $700M+ ARR and 12,000 Customers

ServiceTitan, a software provider for the home services industry, is reportedly preparing for an initial public offering (IPO) amid a valuation of $9.5 billion and an annual recurring revenue (ARR) exceeding $700 million. The company serves approximately 12,000 customers and boasts a net revenue retention (NRR) rate of over 110%. Analysts suggest that ServiceTitan's IPO could signal a trend, potentially opening the floodgates for similar companies to follow suit. The company is characterized as a well-executed CRUD application, raising concerns about its competitive moat in the market for services such as plumbing, HVAC, and lawn care.