Aquant raises $112M+ to rewire equipment service with AI Trusted by Siemens - Stryker - John Deere - Cytiva Agentic AI purpose-built for complex equipment Founded 2016 - New York City Series C led by Qumra, Insight Partners & Pitango Meet Roger - voice AI for technicians in the field Aquant raises $112M+ to rewire equipment service with AI Trusted by Siemens - Stryker - John Deere - Cytiva Agentic AI purpose-built for complex equipment Founded 2016 - New York City Series C led by Qumra, Insight Partners & Pitango Meet Roger - voice AI for technicians in the field
Company Profile Enterprise AI Field Service
Aquant logo

Teaching machines to service machines.

Aquant builds agentic AI purpose-built for servicing complex equipment - turning decades of buried service data and expert know-how into agents that guide every technician, agent and customer.

Aquant - New York City. Founded 2016 by Shahar Chen and Assaf Melochna. The company that decided AI for service should be narrow, not universal.

2016Founded
$112M+Raised
~170Employees
NYCHeadquarters
The Dispatch

What Aquant actually does

Every manufacturer of complex equipment sits on a quiet contradiction. It owns mountains of service data - error codes, repair logs, parts histories, the accumulated instincts of its best technicians - and almost no practical way to put that data to work when a machine breaks at 2 a.m. in a hospital, a factory or a quarry.

Aquant was built around that gap. The New York company makes agentic AI designed for one job: servicing complex equipment. It ingests a company's service records and captures the reasoning of its subject-matter experts, then turns both into AI agents that answer questions, recommend fixes, suggest parts and flag risk - in real time, at the moment of need.

The agents show up where service actually happens. A field technician can ask a question by voice. A call-center agent gets a suggested diagnosis mid-conversation. A customer can self-serve a first-line fix. A service leader sees which issues are about to spike. It is the same underlying knowledge, reshaped for whoever is asking.

The through-line is a refusal to be generic. Aquant does not try to answer everything. It answers questions about turbines, MRI scanners, printing presses and construction cranes - the high-stakes machines where a wrong answer is expensive and a fast right one pays for itself.

The Problem

A skills gap you can measure

The people who know how to fix complex machines are retiring faster than new technicians can be trained. When a 30-year veteran leaves, the knowledge leaves with them - and onboarding a replacement can take a year or more. Meanwhile the machines get more complicated, not less.

In 2016 we saw a growing skills gap making it harder to deliver fast, effective service - while companies sat on huge amounts of valuable data they couldn't use.
- Aquant, on why it was founded
Why It Matters

The numbers service teams chase

Aquant frames its value in the KPIs service leaders are measured on. These are the levers its customers report moving - directional, drawn from public customer stories rather than a single benchmark.

First-time fix rate
Higher ↗
Repeat visits
Fewer ↘
Remote resolutions
More ↗
Onboarding time
Shorter ↘
Tech time saved / day
Up to ~1 hr

Directional, from published customer stories - actual results vary by deployment.

The Toolkit

Products & services

From an analytics dashboard to a full agentic platform - here is what a service organization actually deploys.

Platform

Agentic AI Platform

Deploys AI agents across field service, call centers, self-service and leadership - built specifically for complex equipment.

2023

Service Co-Pilot

Generative-AI assistant that produces troubleshooting recommendations from service history and captured expert knowledge, on desktop, mobile and chat.

2024

Agent Studio & Library

Lets service teams build, customize and deploy their own AI agents, plus a library of pre-built ones.

2025

Roger - Voice AI

A hands-free voice agent that answers technicians and captures expert knowledge, designed to work even in low-connectivity field conditions.

Early access

Vision AI

Camera-based visual problem-solving that helps diagnose equipment issues from images.

Agents

Pre-built Agents

Knowledge Agent, Parts Agent, Call Assist and Usage Monitor for search, parts recommendation, call handling and asset monitoring.

The Edge

How Aquant is different

Narrow on purpose

General chatbots give general answers. Aquant is trained on error codes, schematics and service logs, so it gives equipment-specific ones. In high-stakes service, specificity is the product.

Built on your experts

Beyond documents, Aquant captures the reasoning of a company's best technicians - the judgment that never made it into a manual - and makes it reusable.

Wired into the workflow

It integrates with CRM and ERP systems like Salesforce and meets people where service happens, rather than living in a separate tab.

Every role, one brain

Technicians, agents, customers and leaders draw on the same knowledge base, each getting an interface shaped for their task.

agentic aiservice intelligenceroot cause analysisparts recommendationpredictive maintenanceknowledge capturevoice aivision ai
The Field

Who uses it & where it fits

Aquant sells to global OEMs and service organizations that run complex, high-value equipment - medical devices, industrial machinery, manufacturing, high-tech and food equipment. Users span field technicians, call-center agents, service leaders and end customers.

SiemensStrykerHologicCytivaJohn DeereBeckman CoulterMakinoTerexJLGComfort SystemsPowerscreen

In the market, Aquant sits between broad field-service platforms and general-purpose AI assistants. The alternatives - Neuron7, Salesforce Service Cloud, ServiceNow and ServiceMax/PTC - either handle the workflow without deep service reasoning, or offer generic AI without service-specific data. Aquant's wager is that the winning position is the specialized middle: AI that understands service and plugs into the systems teams already run.

The Ledger

Business model

Aquant runs a B2B enterprise SaaS model. Manufacturers and service organizations subscribe to its agentic AI platform, typically priced by role/seat and deployment scope, integrated with their existing CRM and ERP. Revenue grows as customers expand agents across more teams - from field service into call centers, self-service and leadership analytics.

Model

Enterprise SaaS

Subscription access to the agentic AI platform, sold to OEMs and service organizations.

Land & expand

Role by role

Start with one service function, extend agents across the full service lifecycle.

Estimate

~$26.5M revenue

Third-party estimate, not company-confirmed - directional only.

The Cap Table

Funding history

Roughly $112M+ raised across four rounds, from Lightspeed to a $70M Series C in 2021.

RoundAmountDateLead investors
Seed~$2.6M2017Early-stage investors
Series A$10M2019Lightspeed Venture Partners
Series B$30M2020Insight Partners
Series C$70MOct 2021Qumra Capital, Insight Partners, Pitango Growth
The Record

Timeline

2016

Founded in New York

Shahar Chen and Assaf Melochna start Aquant to close the service skills gap using AI and untapped service data.

2017

Seed round

Early funding to build the service intelligence platform.

2019

$10M Series A

Lightspeed Venture Partners leads to scale the enterprise AI platform.

2020

$30M Series B

Insight Partners leads, focused on closing the skills gap in service with AI.

2021

$70M Series C

Qumra Capital, Insight Partners and Pitango Growth back the round.

2023

Service Co-Pilot launches

A generative-AI assistant purpose-built for service teams.

2025

Voice & Vision AI

Roger voice AI and Vision AI extend the platform to new interfaces.

The Founders

Who built it

CEO & Co-Founder

Shahar Chen

Chen leads Aquant with 15+ years in the software industry, including time as an account executive at ClickSoftware - a background in the field-service software world Aquant now targets with AI.

President & Co-Founder

Assaf Melochna

Melochna co-founded Aquant in 2016 and serves as President, helping shape the company's product focus on service and its enterprise go-to-market.

Watch

Interviews & demos

Product walkthroughs and founder conversations on Aquant's channels.

Questions

FAQ

What does Aquant do?

Aquant builds agentic AI purpose-built for servicing complex equipment. It turns a company's service data and expert knowledge into AI agents that guide technicians, call-center agents, customers and service leaders in real time.

Who uses Aquant?

Global manufacturers and service organizations in industrial equipment, medical devices, manufacturing and high-tech - including Siemens, Stryker, Hologic, Cytiva, John Deere, Beckman Coulter, Makino, Terex and JLG.

Who founded Aquant and when?

Aquant was founded in 2016 in New York by Shahar Chen (CEO) and Assaf Melochna (President).

How much funding has Aquant raised?

Roughly $112M+ across Seed, Series A ($10M, Lightspeed), Series B ($30M, Insight Partners) and a $70M Series C led by Qumra Capital, Insight Partners and Pitango Growth in 2021.

How is Aquant different from a general AI chatbot?

Aquant is trained specifically on service data - error codes, schematics, service logs and expert knowledge - and plugs into workflows and systems like Salesforce, giving equipment-specific answers rather than generic ones.

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