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How Ardoq CEO Erik Bakstad grew Ardoq to $35.5M revenue with a 262 person team in 2024.

Ardoq is a privately held software company based in Oslo, Norway, and is not owned by any other company. Ardoq provides an enterprise-grade platform for creating and maintaining documentation of complex IT systems and processes, enabling businesses to visualize their architecture, manage change, and improve collaboration. Their platform includes features such as automated data discovery, interactive documentation, and visualizations, enabling businesses to gain insights into their IT environment and optimize their operations. Ardoq was founded in 2013 and has since grown to become one of the leading software providers in the enterprise architecture and IT documentation space, serving clients across various industries, including finance, healthcare, and telecommunications. The company has been recognized for its innovation and impact in the technology industry, receiving awards from organizations such as Gartner and Red Herring.

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Ardoq Revenue

In 2024, Ardoq's revenue reached $35.5M. The company previously reported $23.6M in 2023. Since its launch in 2013, Ardoq has shown consistent revenue growth.

Ardoq Revenue GrowthReported revenue / ARR by year$0$8M$15M$23M$30M$38M2013201520172019202120232024$0$3M$9M$16M$24M$35MSource: GetLatka.com
YearMilestone
2024Ardoq Hit $35.5m revenue in October 2024
2023Ardoq Hit $23.6m revenue in November 2023
2022Ardoq Hit $15.9m revenue in November 2022
2022Ardoq Hit $15.9m revenue in March 2022
2021Ardoq Hit $9.2m revenue in November 2021
2020Ardoq Hit $2.5m revenue in June 2020
2013Launched with $0 revenue

Ardoq Valuation, Funding Rounds

Ardoq reached a $300M valuation in 2022, set during its Series D round.

Ardoq has raised $163.7M in total funding across 5 rounds, most recently a $126.1M Series D round in 2022.

Ardoq Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$75M$150M$225M$300M$375M2013201520172019202120222013 cumulative: $0 • 2013 Founded: $02016 cumulative: $1M • 2013 Founded: $0 • 2016 Seed Round: $1M2019 cumulative: $5M • 2013 Founded: $0 • 2016 Seed Round: $1M • 2019 Series A: $4M2020 cumulative: $12M • 2013 Founded: $0 • 2016 Seed Round: $1M • 2019 Series A: $4M • 2020 Series B: $7M2021 cumulative: $38M • 2013 Founded: $0 • 2016 Seed Round: $1M • 2019 Series A: $4M • 2020 Series B: $7M • 2021 Series C: $26M2022 cumulative: $164M • 2013 Founded: $0 • 2016 Seed Round: $1M • 2019 Series A: $4M • 2020 Series B: $7M • 2021 Series C: $26M • 2022 Series D: $126M @ $300M valuation$164M2013 Founded: $0 valuation2022 Series D: $300M valuation$300MSource: GetLatka.com
YearRoundAmountValuation% Sold
2022Series D$126.1M$300M42%
2021Series C$26M--
2020Series B$6.6M--
2019Series A$3.8M--
2016Seed Round$1.2M--

Ardoq Employees & Team Size

Ardoq employs approximately 262 people as of 2026, up from 228 in 2023.

Ardoq has 262 total employees in different roles and functions and 39 sales reps that carry a quota.

Ardoq Team GrowthReported headcount over time060120180240300201320152017201920212023202400262262Source: GetLatka.com
YearMilestone
2024Reached 262 employees (December 2024)
2024Reached 259 employees (October 2024)
2023Reached 228 employees (November 2023)
2023Reached 228 employees (July 2023)
2022Reached 162 employees (November 2022)
2022Reached 162 employees (March 2022)
2021Reached 144 employees (November 2021)
2020Reached 126 employees (November 2020)

Founder / CEO

Erik Bakstad

Erik is a former hockey player turned geek. With six years’ experience as a developer, he has worked in industries including education, banking/finance and telecoms.

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Customers

We do not have customer count information for Ardoq yet.

Frequently Asked Questions about Ardoq

What is Ardoq's revenue?

Ardoq generates $35.5M in revenue.

Who is the CEO of Ardoq?

The CEO of Ardoq is Erik Bakstad.

How much funding does Ardoq have?

Ardoq raised $163.7M.

How many employees does Ardoq have?

Ardoq has 262 employees.

Where is Ardoq headquarters?

Ardoq is headquartered in Oslo, Oslo, Norway.

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Compare Ardoq to the industry

Ardoq operates across multiple industries. Browse revenue, funding, and growth data for Ardoq in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .