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Aquant Valuation, Funding & Investors
Aquant is valued at $350M as of October 2021.
Last Aquant valuation
$350M
Series C · Oct 2021
Last Aquant funding round
$70M
Series C · Oct 2021
Cumulative funding Aquant raised
$116M
across 5 funding rounds
Key investors in Aquant
Angular Ventures
Lightspeed Venture Partners
Silvertech Ventures
Insight Partners
World Trade Ventures
Pitango VC
About Aquant
Aquant is an AI platform that delivers prescriptive maintenance recommendations for industrial equipment by analyzing service tickets and manuals through machine learning. It diagnoses warranty issues, detects anomalies, and processes two decades of field experience into actionable insights within seconds. The New York-based company, founded in 2016, targets the $647 billion aftermarket services sector across manufacturing and energy industries. Aquant enables service teams at Fortune 500 firms to cut unplanned downtime and optimize profitability with data-derived decisions.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$350M (Oct 2021)
Aquant Valuation
Aquant is currently valued at $350M, based on its Series C in October 2021.
The $70M round was led by Insight Partners, Pitango VC and Qumra Capital, with participation from 2050 Capital, ClalTech, Lightspeed Venture Partners, Angular Ventures, SE Ventures and 1 other investor.
Aquant's valuation has grown 2.8x from $125M at its Series B in January 2020 to $350M in October 2021, across 2 priced rounds.
Aquant valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2021 | Series C | $350M |
| Jan 2020 | Series B | $125M |
Aquant Funding History
Aquant has raised a total of $116M across 5 funding rounds.
Aquant's first fundraising round was a $3M pre-seed round in March 2017. The most recent completed round was a $70M Series C in October 2021.
Aquant funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2021 | Series C | Insight Partners (lead); Pitango VC (lead); Qumra Capital (lead); 2050 Capital; ClalTech; Lightspeed Venture Partners; Angular Ventures; SE Ventures; Union Tech Ventures | $70M | $350M | Aquant is a US-Israeli enterprise SaaS company founded in 2016 that provides a service intelligence platform using AI and machine learning to deliver predictive, actionable recommendations to service organizations, enabling data-driven decisions and improving service operations. The platform harnesses structured and unstructured data along with expert knowledge to address challenges in service experiences for industries worldwide. On October 6, 2021, Aquant raised $70 million in a Series C funding round led by Qumra Capital, Insight Partners, and Pitango Growth, with participation from existing investors Lightspeed Venture Partners and Angular Ventures, plus new investors Schneider Electric Ventures (SE Ventures) and Claltech. This brought the company's total funding to $110 million. The proceeds were allocated to expand engineering, client services, and go-to-market teams in the US, Europe, and Israel, while advancing the AI platform's capabilities, including new technologies for data integration and expert knowledge utilization. At the time, Aquant employed around 100 people, with half in its Tel Aviv R&D center, and planned to hire dozens more. Pitango Growth's Idit Mualem-Yedid and Qumra Capital's Sivan Shamri Dahan joined the board. Aquant positions itself as a leader in service intelligence, differentiating through vertical-specific AI that delivers immediate ROI, targeting blind spots in service operations. The company aimed to accelerate global expansion and broaden use cases amid rapid growth. |
| Jan 2020 | Series B | Insight Partners (lead); Lightspeed Venture Partners; Angular Ventures; Silvertech Ventures | $30M | $125M | - |
| Nov 2018 | Series A | Lightspeed Venture Partners (lead); World Trade Ventures; Angular Ventures; Silvertech Ventures | $10M | - | Aquant raised $10 million in a Series A funding round in late 2018, led by Lightspeed Venture Partners with participation from Angular Ventures, Silvertech Ventures, and World Trade Ventures. The New York-based company, founded in 2016 by Shahar Chen and Assaf Melochna, develops an AI-powered Service Intelligence platform for manufacturing and service companies. The platform uses artificial intelligence and natural language processing to analyze CRM, asset management, and workforce management data, reducing machine downtime and improving first-time-fix rates. Lightspeed Venture Partners highlighted Aquant's application of AI and machine learning in the rapidly changing service industry, noting its domain expertise and technology for quick customer results. The investment aligns with Lightspeed's focus on early-stage enterprise technology. Aquant was at the A-1 stage during Lightspeed's 2018 investment. |
| Nov 2017 | Seed | World Trade Ventures; Gil Dibner; Silvertech Ventures | $3M | - | - |
| Mar 2017 | Pre-seed | Angular Ventures (lead) | $3M | - | Aquant is an AI-powered service intelligence platform founded in 2016 that helps service organizations make data-driven decisions using predictive recommendations. Angular Ventures participated as an investor in Aquant's pre-seed round around March 2017, listed separately from later rounds. The company progressed through a seed round of $2.6 million involving Silvertech Ventures, World Trade Ventures, and others in 2017, followed by a $9.95 million Series A led by Lightspeed Venture Partners with Angular Ventures, Silvertech Ventures, and World Trade Ventures in 2018. |
Who has invested in Aquant?
12 investors have backed Aquant across its funding rounds, including Angular Ventures, Lightspeed Venture Partners, Silvertech Ventures, Insight Partners, World Trade Ventures and Pitango VC.
Lead investors include Insight Partners, Pitango VC, Qumra Capital, Lightspeed Venture Partners and Angular Ventures.
Aquant Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Mar 2017 | ||
| 3 | Lead | Nov 2018 | ||
| 3 | Participant | Nov 2017 | ||
| 2 | Participant | Nov 2017 | ||
| 2 | Lead | Jan 2020 | ||
| 1 | Lead | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Nov 2017 | ||
| 1 | Lead | Oct 2021 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAquant Competitors
Aquant competitors include listed companies like Vrain Solution and Shenzhen Sunwin, and private ones like Trunk Tools, Factory Bucket, AssetWatch and Qventus.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $341M | - | ||
| Private | - | - | $300M | - | ||
| Private | - | - | $437M | - | ||
| Publicly listed | $21M | $6M | $307M | 11.5x | ||
| Publicly listed | $20M | ($147M) | $687M | - | ||
| Private | - | - | $400M | - |
Aquant Public Comps
Aquant is still privately-owned, but its public comps include Datasection, Shanghai Information2, Nanjing TDH Technology, Cerence, Wisesoft, Hanyang Eng, DSC Holdings, ZipRecruiter, Vrain Solution and Ropeok Technology Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $216M | $27M | 1.6x | 1.6x | 12.7x | 13.0x | |||
| $28M | ($3M) | 10.3x | - | (109.9x) | - | |||
| $55M | ($14M) | 4.5x | - | (17.6x) | - | |||
| $252M | $8M | 1.7x | 1.4x | 52.9x | 6.2x | |||
| $48M | ($30M) | 6.9x | - | (11.1x) | - | |||
| $814M | $45M | 0.3x | - | 5.1x | - | |||
| $101M | ($10M) | 3.3x | - | (34.3x) | - | |||
| $449M | ($7M) | 0.9x | 0.9x | (62.1x) | 7.3x | |||
This data is available for Pro users. Sign up to see all Aquant competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Aquant
| When was Aquant founded? | Aquant was founded in 2016. |
| Where is Aquant headquartered? | Aquant is headquartered in Boston, MA, United States. |
| Is Aquant publicly listed? | No, Aquant is a private, VC-backed company. |
| What is Aquant's valuation? | Aquant was last valued at $350M in its Series C in October 2021. |
| How much funding has Aquant raised? | Aquant has raised $116M across 5 funding rounds. |
| What was Aquant's last funding round? | Aquant's last funding round was a $70M Series C in October 2021, led by Insight Partners, Pitango VC and Qumra Capital. |
| Who are Aquant's investors? | Aquant's investors include Angular Ventures, Lightspeed Venture Partners, Silvertech Ventures, World Trade Ventures, Insight Partners, Pitango VC, 2050 Capital, ClalTech, Gil Dibner, Qumra Capital and 2 others. |
| Which companies are comparable to Aquant? | Companies comparable to Aquant include Trunk Tools, Factory Bucket, AssetWatch, Vrain Solution, Shenzhen Sunwin and Qventus. |
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