When was Trax Technologies founded?

Trax Technologies was founded in 1993 and raised its 1st funding round 19 years after it was founded.

Where is Trax Technologies located?

Trax Technologies is headquartered in Scottsdale, United States. It is registered at Scottsdale, Arizona.

How many employees does Trax Technologies have?

As of Jul 31, 2026, the latest employee count at Trax Technologies is 595.

Is Trax Technologies a funded company?

Trax Technologies is a funded company, having raised a total of $20M across 5 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Dec 20, 2012.

When was the latest funding round of Trax Technologies?

Trax Technologies' latest funding was a $***** Conventional Debt round on Jun 23, 2023, with participation from 2 investors.

Where does Trax Technologies rank among its competitors?

Trax Technologies ranks 1st amongst 30 active competitors, of which 2 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Solvento, which secured $25M in Feb, 2026.

Who are the top competitors of Trax Technologies?

Trax Technologies' top competitors include Solvento, Green Mountain and ShipSigma. Among them, Solvento secured the most recent funding round in February, 2026.

Trax Technologies - 2026 Company Profile, Team, Funding & Competitors

Company Details

Global leader in AI-powered freight audit and spend management solutions. The company offers cloud-based product solutions that empower organizations with complex supply chains to gain control and visibility, driving enterprise-wide efficiency and value. They specialize in freight audit, data integration, and carrier data compliance, leveraging Artificial Intelligence to optimize costs, enhance data quality, and mitigate risks. Their services transform raw transportation data into actionable intelligence, providing real-time global insights for better decision-making. They help logistics leaders become strategic partners by providing key insights to improve performance and lower costs. The company's solutions simplify operations, streamline processes, and improve resource efficiency, ensuring compliance and disruption resilience. They offer a comprehensive approach to supply chain data management, enabling businesses to unlock the full potential of their supply chain data.

Website: www.traxtech.com/
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Registered Address: Scottsdale, Arizona

Key Metrics

Founded Year

1993

Location

Scottsdale, United States

Stage

Acquired

Total Funding

$20M in 5 rounds

Latest Funding Round

Conventional Debt, Jun 23, 2023, $*****

Investors

Accel-KKR & 7 more

Ranked

1^st among 30 active competitors

Employee Count

595 as on Jul 31, 2026

Similar Companies

Inrix & 99 more

Exit Details

Acquired by Strattam Capital (Feb 26, 2015)

View Trax Technologies' full profile

Trax Technologies is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TRAX GROUP, INC. CIN: 32077026691 , United States, Active		-	-	-
Trax Data Refinery Inc CIN: 20181211301 , United States, Deadpooled	Mar 12, 2018	-	-	-
TRAX HOLDINGS, INCORPORATED CIN: 861006665 , United States, Active	Dec 31, 1999	-	67 (As on Dec 31, 2024)	-
TRAX TECHNOLOGIES, INC. CIN: 32058627327 , United States, Active	Mar 12, 2021	-	-	-

Trax Technologies got acquired by Strattam Capital on Feb 26, 2015 at an acquisition amount of $*****.

Click here to take a look at Trax Technologies's acquisition in detail

Trax Technologies has raised a total funding of $20M over 5 rounds. Its first funding round was on Dec 20, 2012. Its latest funding round was a Conventional Debt round on Jun 23, 2023 for $*****. 2 investors participated in its latest round. Trax Technologies has 8 institutional investors.

Here is the list of recent funding rounds of Trax Technologies:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 23, 2023	7146038	Conventional Debt	5847401	3900250	5073519	3698147
Aug 26, 2021	1347583	Conventional Debt	7376447	3356645	1127912	Accel-KKR
Mar 28, 2014	9201661	Series B	8810322	1407008	1207319	Spire Capital

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View details of Trax Technologies's funding rounds and investors

The founders of Trax Technologies is Scott Nelson.

Here are the details of Trax Technologies' key team members:

Scott Nelson: Founder & Board Member of Trax Technologies.

View details of Trax Technologies's Founder profiles and Board Members

Trax Technologies' employee count trend

Trax Technologies has 595 employees as of Jul 26. Here is Trax Technologies's employee count trend over the years:

Employee count trend for Trax Technologies

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Top competitors of Trax Technologies include Solvento, Green Mountain and ShipSigma. Here is the list of Top 10 competitors of Trax Technologies, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Trax Technologies 1993, Scottsdale (United States), Acquired	Global leader in AI-powered freight audit and spend management solutions	$20M	Accel-KKR, RC Capital & 6 others	47/100
2nd	Solvento 2021, Miguel Hidalgo (Mexico), Series B	Provider of financial and technological solutions for the logistics industry	$41M	Quona, COMETA & 7 others	47/100
3rd	Green Mountain 1999, Memphis (United States), Unfunded	Provider of data & carrier management, advisory, and parcel spend management services	-	Accel-KKR	36/100
4th	ShipSigma 2018, Indianapolis (United States), Seed	Provider of AI & web-based shipping invoice audit solutions	$2M	Emigrant Capital	28/100
5th	AUSPI GROUP 2020, Brea (United States), Unfunded	Provider of parcel invoice auditing, shipping metrics and supply chain analytics software	-	-	27/100
6th	AuditPass 2017, Rohnert Park (United States), Unfunded	Offers SaaS-based audit management solutions	-	-	27/100
7th	Bold Parcel 2018, United States, Unfunded	Shipment auditing and carrier agreement negotiation management for businesses	-	-	24/100
8th	VERSO 2013, United States, Unfunded	Offers a cloud, AI & blockchain-based ecosystem management platform	-	-	24/100
9th	Daycos 1978, Norfolk (United States), Unfunded	Provider of freight revenue & audit management solutions	-	-	22/100
10th	Emendate 2008, Irvine (United States), Unfunded	Provider of a web-based platform offering freight auditing solutions	-	-	22/100