ServiceTitan, a company that sells software to contractors such as plumbers and roofers, on Monday filed to go public on the Nasdaq under the ticker symbol “TTAN.”

The filing suggests that investors could be getting more interested in next-generation software companies. Just a few, including Reddit and Rubrik, debuted on public markets in the U.S. this year, and chipmaker Cerebras filed for an initial public offering. There were basically no tech initial public offerings in 2021 or 2022 as central bankers pushed up interest rates to flight inflation, making investors less willing to bet on money-losing challengers.

Based in Glendale, California, ServiceTitan offers cloud software for advertising, scheduling jobs, dispatching, producing invoices and taking payments. It had a $35.7 million net loss on $193 million in revenue in the quarter that ended on July 31, according to the filing. Revenue was up about 24% year over year, and the quarterly loss had narrowed from almost $52 million.

ServiceTitan’s revenue growth rate will stand out for people investing in cloud stocks, who have seen rates sag with few new public companies in the sector. The average growth rate for Bessemer’s Nasdaq Emerging Cloud Index, the basis for the WisdomTree Cloud Computing Fund, is 16.6%.

The company was originally founded in 2007 by Ara Mahdessian and Vahe Kuzoyan, whose fathers were both residential contractors. While most ServiceTitan customers are small and medium-sized businesses, it has started focusing more on selling products to big companies and construction customers, according to the filing.

ServiceTitan plans to keep up to 5% of shares in the IPO for eligible clients, the founders’ friends and family members and others through a directed share program.

Investors include Battery Ventures, Bessemer Venture Partners, Iconiq and TPG. Iconiq on its own controlled 24% of the compan’s Class A shares.

Competitors include Salesforce and SAP, along with specialty companies such as HouseCall Pro, Jobber and Workwave.

Goldman Sachs, Morgan Stanley, Wells Fargo and Citigroup are among the company’s IPO underwriters.

WATCH: Nasdaq CEO Adena Friedman on Trump’s policy impact

Tesla shares jumped on Monday following a report that President-elect Donald Trump’s transition team are planning to make a federal framework to regulate self-driving vehicles a top priority for the U.S. Transport Department.

As of 6:11 a.m. ET, Tesla stock was up 7.98% in U.S. premarket trading after the release of the Bloomberg News report, which cited unnamed sources familiar with the matter.

CNBC could not independently verify the report and has requested comment from the Trump team and from the National Highway Traffic Safety Administration, a Transportation Department unit tasked to oversee self-driving technologies.

Musk was a central figure in the business world pushing for Trump’s return to the White House in the lead-up to this month’s elections. The tech billionaire now stands to benefit from the close relationship he has formed with the Republican politician, who previously served a first presidential term between 2017 and 2021.

Last week, Trump picked Musk and former Republican presidential candidate Vivek Ramaswamy to lead the newly minted Department of Government Efficiency — or “DOGE for short — which he said would end government “bureaucracy,” relax “excess” regulations and cut “wasteful” expenditures.

A federal framework for regulating self-driving vehicles would be a major boon to Musk’s Tesla, which has been promising fully self-driving vehicles for several years but has so far failed to deliver a car capable of being driven autonomously without a human behind the wheel.

The long-term vision for Tesla is to produce a fleet of so-called “robotaxis,” autonomous vehicles that can drive people around without the need for human supervision.

Last month, Musk showed off Tesla’s long-awaited robotaxi — a concept car called the “Cybercab,” a $30,000 two-seater vehicle with no steering wheels or pedals.

Tesla has already been beaten to the punch in the robotaxi race by Google’s Waymo venture, which is among the few companies that have successfully launched self-driving cars on public roads.

Speaking during an event unveiling Tesla’s Cybercab and “Robovan” vehicles, Musk said he expects Tesla to have “unsupervised” Full Self-Driving technology up and running in Texas and California next year in the company’s Model 3 and Model Y electric vehicles.

Full Self-Driving, or FSD, is Tesla’s premium driver assistance system, currently available in a “supervised” version for Tesla electric vehicles. FSD currently requires a human driver at the wheel, ready to steer or brake at any time.

Trump’s transition team is reportedly looking for policy leaders for the Transportation Department to develop a federal regulatory framework for self-driving vehicles, according to Bloomberg.

They include Emil Michael, a former Uber executive, Republican Representatives Sam Graves of Missouri and Garret Graves of Louisiana, Bloomberg reported.

LISBON, Portugal — Tech CEOs in Europe are urging region al countries to take bolder action to tackle Big Tech’s dominance and counter reliance on the U.S. for critical technologies like artificial intelligence after Donald Trump’s electoral win.

The Republican politician’s victory was a key topic among prominent tech bosses at the Web Summit conference in Lisbon, Portugal. Many attendants said they’re unsure of what to expect from the U.S. president-elect, citing this unpredictability as a core challenge at present.

Andy Yen, CEO of Swiss VPN developer Proton, says Europe should echo American protectionism and adopt a more “Europe-first” approach to technology — in part to reverse the trend of the last two decades, during which much of the Western world’s most important technologies, from web browsing to smartphones, have become dominated by a handful of large U.S. tech firms.

VPNs, or virtual private networks, are services that encrypt data and mask a user’s IP address to hide browsing activity and bypass censorship.

“It’s time for Europe to step up,” Yen told CNBC on the sidelines of Web Summit. “It’s time to be bold. It’s time to be more aggressive. And the time is now, because we now have a leader in the U.S. that is ‘America-first,’ so I think our European leaders should be ‘Europe-first.'”

One key push for the past decade from the European Union has been to take legal action and introduce tough new regulations to tackle the dominance of large technology players, such as Google, Apple, Amazon, Microsoft and Meta.

As Trump prepares to come into power for a second mandate, concerns have now mounted that Europe might reel in its tough approach to tech giants out of fear of retaliation from the new administration.