When was true founded?

true was founded in 2017 and raised its 1st funding round within a year of its incorporation.

Where is true located?

true is headquartered in Forest Hills, United States. It is registered at Forest Hills, New York.

How many employees does true have?

As of Aug 31, 2026, the latest employee count at true is 44.

Is true a funded company?

true is a funded company, having raised a total of $6M across 3 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jan 08, 2017.

When was the latest funding round of true?

true's latest funding was a $***** Series A round on Nov 27, 2024, with participation from 0 investor. Its primary sector is Business Process Management Software. In United States, the Business Process Management Software sector has seen $780M in funding in 2026 to date.

Where does true rank among its competitors?

true ranks 168th amongst 13461 active competitors, of which 641 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Parallel Web Systems, which secured $100M in Apr, 2026.

Who are the top competitors of true?

true's top competitors include data.ai, Box and Glean. Among them, Parallel Web Systems secured the most recent funding round in April, 2026.

true - 2026 Company Profile, Team, Funding & Competitors

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

Series A, Nov 27, 2024, $*****

Investors

Long Ridge & 1 more

Ranked

168^th among 13461 active competitors

Employee Count

44 as on Aug 31, 2026

Similar Companies

Box & 9526 more

View true's full profile

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)	-

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	6752167	Series A	4451621	6574486	5979259	3250443
Aug 10, 2021	4254731	Seed	2295497	1235603	1991688	4159031
Jan 08, 2017	6020214	Grant (prize money)	6023692	7387238	5384244	Europa

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View details of true's funding rounds and investors

The founders of true are Ari Gross and Alison Wasserman. Ari Gross is the CEO of true.

Here 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 44 employees as of Aug 26. Here is true's employee count trend over the years:

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Top competitors of true include data.ai, Box and Glean. Here is the list of Top 10 competitors of true, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	data.ai 2010, San Francisco (United States), Acquired	AI based market data analysis for generating consumer insights	$157M	Greycroft, Sequoia Capital & 16 others	82/100
2nd	Box 2005, Redwood City (United States), Public	AI based platform for secure collaboration, content management, and workflow	$693M	DFJ, USVP & 38 others	81/100
3rd	Glean 2019, San Francisco (United States), Series F	Cloud-based platform for enterprise search	$765M	Lightspeed Venture Partners, Altimeter Capital ... & 53 others	78/100
4th	Coveo 2004, Quebec City (Canada), Public	Provider of AI-powered search and recommendation solutions for enterprise businesses	$358M	Elliott Management, OMERS & 17 others	74/100
5th	Pipefy 2015, San Francisco (United States), Series C	SaaS-based workflow and task management solution provider	$149M	Trinity Ventures, OpenView & 35 others	73/100
6th	Elastic 2012, San Francisco (United States), Public	Cloud based text analytics platform	$104M	New Enterprise Associates, HTIF & 11 others	72/100
7th	Aviso 2012, Redwood City (United States), Series B	AI powered predictive analytics platform	$31M	Shasta Ventures, Next World Capital & 9 others	72/100
8th	Meltwater 2001, San Francisco (United States), Acquired	Cloud based suite of marketing solutions	-	Founder Partners, SVB & 7 others	70/100
9th	Parallel Web Systems 2023, Palo Alto (United States), Series B	Developer of an API providing web search for AI applications	$230M	Kleiner Perkins, Index Ventures & 6 others	70/100
10th	Zapier 2011, San Francisco (United States), Seed	Provider of a platform for automating workflows and integrating applications	$2.68M	Zillionize, Bessemer Venture Partners & 8 others	70/100
168th	true 2017, Forest Hills (United States), Series A	AI-powered lending intelligence software	$6M	Long Ridge, Europa	50/100