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

Aquant Overview

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

United StatesBoston, MA

Website

aquant.ai

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

Aquant valuation by funding round
DateStageValuation
Oct 2021Series C$350M
Jan 2020Series 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

Aquant funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2021Series CInsight Partners (lead); Pitango VC (lead); Qumra Capital (lead); 2050 Capital; ClalTech; Lightspeed Venture Partners; Angular Ventures; SE Ventures; Union Tech Ventures$70M$350MAquant 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 2020Series BInsight Partners (lead); Lightspeed Venture Partners; Angular Ventures; Silvertech Ventures$30M$125M-
Nov 2018Series ALightspeed 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 2017SeedWorld Trade Ventures; Gil Dibner; Silvertech Ventures$3M--
Mar 2017Pre-seedAngular 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

Investors in Aquant by funding rounds participated
InvestorHQRoundsRoleFirst check
Angular VenturesUnited KingdomLondon4LeadMar 2017
Lightspeed Venture PartnersUnited StatesSan Francisco, CA3LeadNov 2018
Silvertech VenturesUnited StatesNew York City, NY3ParticipantNov 2017
World Trade VenturesUnited StatesNew York City, NY2ParticipantNov 2017
Insight PartnersUnited StatesNew York City, NY2LeadJan 2020
Pitango VCIsraelHerzliya1LeadOct 2021
2050 CapitalUnited KingdomUnited Kingdom1ParticipantOct 2021
ClalTechIsraelTel Aviv1ParticipantOct 2021
Gil DibnerUnited KingdomLondon1ParticipantNov 2017
Qumra CapitalIsraelTel Aviv1LeadOct 2021

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Aquant Competitors

Aquant competitors include listed companies like Vrain Solution and Shenzhen Sunwin, and private ones like Trunk Tools, Factory Bucket, AssetWatch and Qventus.

Public and private companies comparable to Aquant
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Trunk ToolsUnited StatesNew York City, NYPrivate--$341M-
Factory BucketCanadaLondonPrivate--$300M-
AssetWatchUnited StatesColumbus, OHPrivate--$437M-
Vrain SolutionJapanJapanPublicly listed$21M$6M$307M11.5x
Shenzhen SunwinChinaChinaPublicly listed$20M($147M)$687M-
QventusUnited StatesSan Francisco, CAPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Datasection$216M$27M1.6x1.6x12.7x13.0x
Shanghai Information2$28M($3M)10.3x-(109.9x)-
Nanjing TDH Technology$55M($14M)4.5x-(17.6x)-
Cerence$252M$8M1.7x1.4x52.9x6.2x
Wisesoft$48M($30M)6.9x-(11.1x)-
Hanyang Eng$814M$45M0.3x-5.1x-
DSC Holdings$101M($10M)3.3x-(34.3x)-
ZipRecruiter$449M($7M)0.9x0.9x(62.1x)7.3x

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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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