true - About the company
true is a series A company based in Forest Hills (United States), founded in 2017 by Ari Gross and Alison Wasserman. It operates as an AI-powered lending intelligence software. true has raised $6M in funding from Long Ridge. The company has 4712 active competitors, including 537 funded and 314 that have exited. Its top competitors include companies like Visma, Box and Glean.
Company Details
AI-powered lending intelligence software. It offers lending management solutions like document classification, data extraction, document versioning, automated analysis of a borrower’s total income, and more. It also offers solutions for auditing, due dilligence, compliance management, and more. Its other features include Financial Services Solutions and Tax Preparation Automation.
- Website
- true.ai
- Social
- Email ID
- *****@true.ai
- Phone Number
- +1 **********
- Registered Address
- Forest Hills, New York
Key Metrics
Founded Year
2017
Location
Forest Hills, United States
Stage
Series A
Total Funding
$6M in 3 rounds
Latest Funding Round
Investors
Ranked
164th among 4712 active competitors
Employee Count
47 as on Feb 28, 2026
Legal entities associated with true
true is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Softworks Ai, Llc CIN: 821477402 , United States, Active | Dec 26, 999 | - | 36 (As on Dec 31, 2024) | - |
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true's funding and investors
true has raised a total funding of $6M over 3 rounds. Its first funding round was on Jan 08, 2017. true has 2 institutional investors.
Here is the list of recent funding rounds of true:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 27, 2024 | 1491806 | Series A | 8947833 | 3303195 | 3054751 | 7418226 |
Aug 10, 2021 | 2268091 | Seed | 5901195 | 5846240 | 6418937 | 8883369 |
Jan 08, 2017 | 2632979 | Grant (prize money) | 4867448 | 7155439 | 3072183 |
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true's founders and board of directors
Founder? Claim ProfileHere are the details of true's key team members:
- Ari Gross: Co-Founder & CEO of true. Contact Info: 1 email address
- Alison Wasserman: Co-Founder of true. Contact Info: 1 email address
View details of true's Founder profiles and Board Members
true's employee count trend
true has 47 employees as of Feb 26. Here is true's employee count trend over the years:
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true's Competitors and alternates
Top competitors of true include Visma, Box and Glean. Here is the list of Top 10 competitors of true, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of cloud-based software for businesses, accounting offices, and public sector | $198M | 82/100 | ||
2nd |  Box 2005, Redwood City (United States), Public | AI based platform for secure collaboration, content management,
and workflow | $693M | 82/100 | |
3rd |  Glean 2019, Palo Alto (United States), Series F | Cloud-based platform for enterprise search | $765M | 78/100 | |
4th | Developer of enterprise AI platform and multilingual language and retrieval models | $1.54B | 76/100 | ||
5th |  Pipefy 2015, San Francisco (United States), Series C | SaaS-based workflow and task management solution provider | $149M | 75/100 | |
6th |  Moveworks 2016, Mountain View (United States), Acquired | Developer of an AI assistant platform for enterprise workflow automation | $315M | 73/100 | |
7th | Elastic 2012, San Francisco (United States), Public | Cloud based text analytics platform | $104M | 72/100 | |
8th |  Aviso 2012, Redwood City (United States), Series B | AI powered predictive analytics platform | $31M | 71/100 | |
9th | Upland 2010, Austin (United States), Acquired | Provider of cloud software for marketing, sales, IT, and knowledge management | $31.4M | 71/100 | |
10th |  WalkMe 2011, San Francisco (United States), Acquired | Provider of digital adoption platform | $308M | 71/100 | |
164th |  true 2017, Forest Hills (United States), Series A | AI-powered lending intelligence software | $6M | 51/100 |
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true's Investments and acquisitions
true has made no investments or acquisitions yet.
Reports related to true
Here is the latest report on true's sector:
News related to true
Filter this listMedia has covered true for a total of 2 events in the last 1 year, 1 of them has been about company updates and 1 about people movement.
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TRUE Expands Mortgage Operations Service (MOS) Platform with Post-Close & Audit AutomationBusiness Wire•Dec 02, 2025•true
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TRUE Announces Leadership Transition to Accelerate Growth and InnovationBusiness Wire•Jun 17, 2025•true
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TRUE Announces General Availability of its Latest Enterprise-Class Lending AI CapabilitiesBusiness Wire•Jul 17, 2024•true
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National MI Partners with TRUE to Advance Digital Mortgage EcosystemInsuranceNewsNet•Oct 16, 2023•National MI, true
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TRUE Announces Continued Momentum, with Investments in New Products, Channels, and Key Executive HiresBusiness Wire•Oct 06, 2022•true
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SoftWorks AI Rebrands as TRUE and Answers Need for Lending IntelligenceBusiness Wire•Jun 23, 2022•true
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