# Aquant

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aquant

- Industry: Software
- Headquarters: New York, US
- Website: www.aquant.io
- Total disclosed funding: $113M
- Latest round: Series C (Oct 6, 2021)
- Investors on record: 10

## About

Aquant, Inc. delivers AI-driven solutions that optimize service operations across diverse industries, enhancing efficiency and effectiveness in service delivery through advanced technology.Founded in 2016 and headquartered in New York, US, Aquant, Inc. specializes in AI solutions tailored for various sectors. The company's leadership includes Shahar Chen as CEO, who has a history of driving innovations in technology. Aquant has successfully raised a total of USD 70.00 mn through four deals, with the most recent funding round being Series C, completed on October 6, 2021, involving investors such as Pitango Venture Capital and Insight Partners.Aquant specializes in AI-driven solutions designed to enhance service operations across various industries, including industrial machinery, medical devices, printing, food equipment, high tech and electronics, and appliances. The company’s flagship product, the Agentic AI platform, utilizes a sophisticated Reasoning Engine that integrates service domain expertise with agentic capabilities, providing precise and reliable answers to service queries in real-time. This platform aims to reduce resolution time significantly—up to 40% faster—thereby improving diagnostic accuracy and empowering service agents regardless of their experience levels. Aquant's technology supports a diverse clientele, including technicians and service teams, enabling them to access critical service knowledge seamlessly. The company's products are marketed and utilized in various geographical markets, including North America, Europe, and Asia, addressing the needs of organizations looking to enhance their service delivery and operational efficiency.Aquant generates revenue through a subscription-based model, allowing clients to access its robust suite of AI-powered solutions tailored to service professionals. This structure facilitates direct engagement with businesses in sectors such as industrial machinery and medical devices, where the company's services are crucial for improving operational performance. Clients benefit from partnerships that provide ongoing access to Aquant’s technology, which is designed to enhance their service capabilities and streamline operations. The transactions typically involve clients paying for annual or monthly subscriptions to the Agentic AI platform, which includes various support and maintenance features. Through these structured partnerships, Aquant positions itself as both a service provider and a strategic partner, delivering solutions that foster efficiency and improve service outcomes for its customers.In October 2021, Aquant, Inc. raised USD 70.00 mn in Series C funding, co-led by investors Pitango Venture Capital and Qumra Capital, along with returning investors Insight Partners, Lightspeed Venture Partners, and Angular Ventures. This funding will be utilized to enhance Aquant's market position and support the continuous innovation of its AI platform. The company is focused on expanding its product offerings and enhancing its technology to integrate both structured and unstructured data, thereby leveraging the expertise of industry professionals. Additionally, Aquant plans to target expansion into new geographic regions, including deeper penetration into European and Asian markets, by the end of 2023.

## Funding rounds

- Series C, Oct 6, 2021, $70M — Lightspeed Venture Partners, Pitango, Insight Partners, Qumra Capital, ClalTech, Angular Ventures, SE Ventures
- Series B, Jan 30, 2020, $30M — Lightspeed Venture Partners, Insight Partners, SilverTech Ventures, Angular Ventures
- Series A, Nov 23, 2018, $10M — Lightspeed Venture Partners, World Trade Ventures, SilverTech Ventures, Angular Ventures
- Seed, Nov 7, 2017, $2.6M — AngelList Holdings, LLC, World Trade Ventures, SilverTech Ventures

## Investors

- AngelList Holdings, LLC — Seed
- World Trade Ventures (https://capitalatlas.ai/funds/world-trade-ventures) — Seed, Series A
- SilverTech Ventures (https://capitalatlas.ai/funds/silvertech-ventures) — Seed, Series A, Series B
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B, Series C
- Angular Ventures (https://capitalatlas.ai/funds/angular-ventures) — Series A, Series B, Series C
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B, Series C
- Pitango (https://capitalatlas.ai/funds/pitango) — Series C
- Qumra Capital (https://capitalatlas.ai/funds/qumra-capital) — Series C
- ClalTech (https://capitalatlas.ai/funds/claltech) — Series C
- SE Ventures (https://capitalatlas.ai/funds/se-ventures) — Series C