Information Technologies & high Tech

 

Armenian tech sector in 2018: The huge investments
/Dec 26/iTel.am/

2018 has been good to a number of IT companies founded by Armenians: they received large investments from foreign venture funds as well as individuals.
Itel.am tells about the tech companies with Armenian founders, which have managed to raise USD 1 million and more this year.
ServiceTitan – USD 227m
2018 has been fairly successful for ServiceTitan, the U.S.-based provider of field service management software for home-service businesses.
Founded by Armenian experts Ara Mahdessian and Vahe Kuzoyan, the company raised USD 62m in Series C funding in spring, USD 165m in Series D funding in autumn, and later reached the valuation of USD 1.65bn.
The round was led by Index Ventures, joined by Dragoneer, T. Rowe Price, Battery Ventures, Bessemer Venture Partners and ICONIQ Capital.

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