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ServiceNow provides a comprehensive cloud-based platform designed to automate and manage digital workflows across enterprises. Its core offering, the ServiceNow AI Platform, integrates artificial intelligence, data, and workflows into a singular system. This platform empowers organizations to streamline critical business processes, including IT service management, customer service, human resources, and security operations, enabling a unified approach to operational efficiency and intelligent automation.
The company was founded in 2003 by Fred Luddy, an experienced software executive. Luddy's foundational insight stemmed from recognizing the widespread inefficiency in enterprise IT operations, particularly in managing service requests and workflows. He envisioned a powerful, cloud-native solution that could standardize and automate these processes, building on his prior leadership roles as CTO at Peregrine Systems and Remedy Corporation.
ServiceNow’s solutions are utilized by large organizations across diverse sectors seeking to enhance productivity and optimize service delivery for both employees and external customers. The company’s overarching vision centers on leveraging artificial intelligence and automation to create more seamless and intuitive work experiences. It aims to empower businesses to adapt rapidly to evolving demands and achieve their strategic objectives.
Service has raised $5.0M across 2 funding rounds.
Service has raised $5.0M in total across 2 funding rounds.
Service has raised $5.0M in total across 2 funding rounds.
Service's investors include Visionaire Ventures, Xfund, Patrick S. Chung, Accel, Afore Capital, Alsop Louie Partners, Amplify Partners, Benchmark, C2 Investment, Coelius Capital, Draper Associates, Electric Capital.
Technology Service Corporation (TSC) is a private American engineering firm headquartered in Arlington, Virginia, specializing in radar systems, sensor technologies, and consulting services primarily for U.S. government agencies like the Department of Defense and Federal Aviation Administration.[1] Founded in 1966, TSC develops prototype radar systems, microwave test equipment, simulation software, and geographic information systems, serving defense, aviation, and private industry clients with an estimated 2024 revenue of $182.8 million and 526 employees.[1] Its products address critical needs in surveillance, tracking, and systems engineering, including innovations like the Sea Dragon system for monitoring illegal maritime fishing using synthetic aperture radar on commercial aircraft.[1]
TSC solves complex problems in radar modeling, testing, procurement, and deployment, enabling precise detection and simulation for national security and aviation safety.[1] The company has shown steady growth, with revenue rising from $125.6 million in 2023, fueled by government contracts and technical expertise in high-stakes environments.[1]
TSC was founded in 1966 in Santa Monica, California, by Peter Swerling, a pioneer in radar and signal processing technologies.[1] The company went public via IPO in 1983 before being acquired by Westinghouse Electric Corporation in 1985; it was later spun off and transitioned to employee ownership in 1993, fostering a stable, expertise-driven culture.[1] Key evolution came through deepening focus on defense and aviation radar systems, expanding from early consulting to advanced sensor prototypes and partnerships like the Air Force Research Laboratory's Sea Dragon project.[1] Under current President and CEO Brandon Wolfson, TSC has solidified its niche in government-aligned engineering.[1]
TSC rides the wave of escalating global defense spending and aviation modernization, where radar and sensor tech is vital for countering threats like illegal fishing, drone incursions, and air traffic management.[1] Timing aligns with U.S. priorities in Indo-Pacific security and sustainable surveillance, bolstered by market forces such as geopolitical tensions and FAA upgrades.[1] By partnering with labs like the Air Force Research Laboratory, TSC influences the ecosystem through deployable prototypes that lower costs—e.g., using Cessna aircraft for radar imaging—setting standards for scalable, dual-use technologies in government procurement.[1]
TSC is poised for continued expansion amid rising demand for AI-enhanced radars and climate-adaptive sensors, potentially targeting international civil aviation expansions beyond current U.S.-centric clients.[1] Trends like autonomous systems integration and hypersonic threat detection will shape its trajectory, amplifying revenue past $200 million as employee-owned agility sustains innovation.[1] Its influence may evolve toward hybrid commercial-defense models, reinforcing TSC as a quiet powerhouse in secure tech infrastructure—much like its foundational role in radar evolution since 1966.[1]
Service has raised $5.0M across 2 funding rounds. Most recently, it raised $2.0M Seed in June 2017.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2017 | $2.0M Seed | Visionaire Ventures, Xfund, Patrick S. Chung | |
| Oct 1, 2015 | $3.0M Seed | Accel, Afore Capital, Alsop Louie Partners, Amplify Partners, Benchmark, C2 Investment, Coelius Capital, Draper Associates, Electric Capital, ENIAC Ventures, Equal Ventures, Felicis Ventures, Founder Collective, Goat Capital, Maven Ventures, NKM Capital, Outlander Labs, Owl Rock Capital Partners, Plug & Play Ventures, Quiet Capital, Redpoint Ventures, Shasta Ventures, Signia Venture Partners, Spark Capital, Torch Capital, Trucks Venture Capital, Y Combinator, Emmett Shear, Gokul Rajaram, John Collison, Rob Glaser, Sam Altman, Satya Nadella, Tien Tzuo, Tikhon Bernstam, Travis Vanderzanden |