Aquant has raised $113.0M in total across 4 funding rounds.
Aquant's investors include Angular Ventures, Construct Capital, Insight Partners, Lightspeed Venture Partners, Pareto Holdings, Pitango Venture Capital, Silvertech Ventures, Two Sigma Ventures, Vertex Ventures, Ziv Kop.
Aquant is a technology company founded in 2016 that builds an agentic AI platform for service intelligence, enabling field service teams, technicians, call centers, and service leaders to troubleshoot complex equipment issues faster using AI-powered guidance.[1][2][3][4] It serves industries like industrial equipment, medical devices, manufacturing, food equipment, high-tech electronics, and printing, solving key problems such as skills gaps, inefficient service delivery, unstructured data utilization, and the need for rapid AI integration without friction.[1][3][4] The platform transforms service data into actionable insights, provides persona-based step-by-step guidance, supports offline access, and integrates seamlessly with existing tools, driving outcomes like 39% faster repairs, higher first-time fix rates, reduced escalations, and scaled operations—as evidenced by its 2025 Field Service Benchmark Report and recognitions including Top AI-Enabled Product and CRM Magazine's Top 100.[1][3]
With around 70-165 employees, offices in New York and Newton, Massachusetts, and estimated revenue of $34.7 million, Aquant demonstrates strong growth momentum through customer wins like Hologic, Beckman Coulter, Makino, and Terex, plus awards such as Fast Company’s Next Big Things in Tech 2024.[1][2][3][4]
Aquant was founded in 2016 by Shahar Chen and Assaf Melochna, who identified a critical skills gap in the service industry where teams struggled to deliver fast, effective service despite access to vast data.[1] Chen and Melochna, with deep industry experience, recognized that companies lacked easy ways to leverage this data for efficiency, leading them to develop a platform using Service Language Processing, machine learning, and now agentic AI to provide contextual insights and predictions.[1][2][3]
Early traction came from addressing evolving challenges like fragmented AI ecosystems and pressure on IT leaders for seamless deployment. Pivotal moments include refining the platform over nearly a decade with real-world service data, expert input, and continuous self-learning features, culminating in recent benchmarks showing AI-driven repair speedups and awards like Assaf Melochna’s Top 50 Data Tech Entrepreneurs of 2025.[1][3]
Aquant stands out in the AI service space through these key strengths:
Aquant rides the agentic AI wave in field service management, capitalizing on trends like AI-driven automation amid labor shortages and rising equipment complexity in manufacturing and medtech.[1][3][4] Timing is ideal as the 2025 Field Service Benchmark Report shows AI enabling 39% faster repairs and better first-time fixes for third-party services, aligning with market forces such as data explosion, skills gaps, and demands for uptime in industrial IoT ecosystems.[1][3]
By influencing the ecosystem, Aquant shifts service from reactive firefighting to proactive revenue drivers—scaling teams, boosting loyalty, and optimizing operations for OEMs—while its benchmarks and customer stories set industry standards for AI adoption in high-stakes sectors.[3][4]
Aquant is poised to expand its agentic platform dominance, targeting deeper penetration in medtech and industrial equipment with features like enhanced self-learning and broader integrations.[1][4] Trends like AI ubiquity in service, regulatory pushes for uptime in healthcare, and edge computing will propel growth, potentially doubling revenue as more OEMs prioritize data-driven service heroes.[2][3]
Its influence may evolve from niche innovator to ecosystem leader, powering "service magic" at scale and shaping benchmarks for AI ROI in operations—building directly on its mission to eliminate guesswork and ignite loyalty.[1][3]
Aquant has raised $113.0M across 4 funding rounds. Most recently, it raised $70.0M Series C in October 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2021 | $70.0M Series C | Angular Ventures, Construct Capital, Insight Partners, Lightspeed Venture Partners, Pareto Holdings, Pitango Venture Capital, Silvertech Ventures, Two Sigma Ventures, Vertex Ventures, Ziv Kop | |
| Jan 1, 2020 | $30.0M Series B | Angular Ventures, Construct Capital, Insight Partners, Pareto Holdings, Silvertech Ventures, Two Sigma Ventures, Vertex Ventures | |
| Nov 1, 2018 | $10.0M Series A | Angular Ventures, Lightspeed Venture Partners, Pareto Holdings, Silvertech Ventures, Two Sigma Ventures, Ziv Kop | |
| Mar 1, 2017 | $3.0M Seed | Angular Ventures, Pareto Holdings, Two Sigma Ventures, Silvertech Ventures |
