Valuation · 2022
$300M
2024 Revenue
$35.5M(Est.)
Funding
$163.7M
Team
262
Founded
2013
Ardoq Revenue, Valuation & Funding (2024)
Ardoq generated an estimated $35.5M in annual revenue in 2024. Source: GetLatka estimate
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.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Ardoq Hit $35.5m revenue in October 2024 | Estimated |
| 2023 | Ardoq Hit $23.6m revenue in November 2023 | Estimated |
| 2022 | Ardoq Hit $15.9m revenue in March 2022 | Not recorded |
| 2021 | Ardoq Hit $9.2m revenue in November 2021 | Not recorded |
| 2020 | Ardoq Hit $2.5m revenue in June 2020 | Not recorded |
| 2013 | Launched 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.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2022 | Series D | $126.1M | $300M | 42% | Not recorded |
| 2021 | Series C | $26M | - | - | Not recorded |
| 2020 | Series B | $6.6M | - | - | Not recorded |
| 2019 | Series A | $3.8M | - | - | Not recorded |
| 2016 | Seed | $1.2M | - | - | Not recorded |
Founder / CEO
Erik Bakstad
CEO
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.
Ardoq Employees & Team Size
Ardoq employs approximately 262 people as of 2026, up from 228 in 2023, including 39 sales reps that carry a quota.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 262 employees (December 2024) | Not recorded |
| 2024 | Reached 259 employees (October 2024) | Not recorded |
| 2023 | Reached 228 employees (November 2023) | Not recorded |
| 2023 | Reached 228 employees (July 2023) | Not recorded |
| 2022 | Reached 162 employees (November 2022) | Not recorded |
| 2022 | Reached 162 employees (March 2022) | Not recorded |
| 2021 | Reached 144 employees (November 2021) | Not recorded |
| 2020 | Reached 126 employees (November 2020) | Not recorded |
Frequently Asked Questions about Ardoq
What is Ardoq's revenue?
As of 2024, Ardoq generated an estimated $35.5M in annual revenue.
What is Ardoq's valuation?
As of 2022, Ardoq was valued at $300M.
When was Ardoq founded?
Ardoq was founded in 2013.
Who is the CEO of Ardoq?
The CEO of Ardoq is Erik Bakstad.
How much funding does Ardoq have?
Ardoq raised $163.7M across 5 rounds.
How many employees does Ardoq have?
As of 2024, Ardoq had 262 employees.
Where is Ardoq headquartered?
Ardoq is headquartered in Oslo, Oslo, Norway.
Compare Ardoq to the industry
Ardoq operates across multiple industries. Browse revenue, funding, and growth data for Ardoq in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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