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Developer of a construction site monitoring platform designed to verify site work. The company's subscription based software helps to measure, verify, quantify progress of construction during site work stage, significantly reducing budget and timeline uncertainty, merge their blueprints and CAD models with the data collected from drones and automate processes in construction, enabling clients to control the progress of construction is more than one sites.
Last updated
In 2024, TraceAir's revenue reached $25M. The company previously reported $8.3M in 2024. Since its launch in 2015, TraceAir has shown consistent revenue growth.
TraceAir reached a $5.5M valuation in 2018, set during its Seed Round round.
TraceAir has raised $11.9M in total funding across 5 rounds, most recently a $5M Venture Round round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Venture Round | $5M | - | - | |
| 2021 | Series A | $3.5M | - | - | |
| 2018 | Seed Round | $2.5M |
CEO
Dmitry is a passionate paraglider winner of national and international competitions 8th in 2012 World Cup and the CEO and founder of TraceAir. TraceAir is a Silicon Valley-based construction management software powered by drone data and AI that provides the best planning and sequencing decisions for builders. Dmitry has a long-term passion for merging together IT robotics and aviation with industries untouched by those technologies. In 2014 he launched AirTribune an app for paragliders allowing spectators to see how races are going in the air. Trying different angles of the autonomous flying vehicles trend later he created an ahead-of-time service for coffee delivery with drones. In 2015 he decided to focus entirely on construction industry founding TraceAir with a big vision of construction automation rapid growth behind it. He received a Masters degree in Physics from Lomonosov Moscow State University MSU the highest-ranked university in Russia.
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We do not have customer count information for TraceAir yet.
TraceAir employs approximately 118 people as of 2026, up from 97 in 2023, including 2 sales reps that carry a quota.
TraceAir generates $25M in revenue.
TraceAir was founded by Dmitry Korolev.
The CEO of TraceAir is Dmitry Korolev.
TraceAir raised $11.9M across 5 rounds.
TraceAir has 118 employees.
TraceAir is headquartered in Redwood City, California, United States.
TraceAir operates across multiple industries. Browse revenue, funding, and growth data for TraceAir in each sector below.
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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Valuation
$5.5M
2024 Revenue
$25M
Funding
$11.9M
Team
118
Founded
2015
| Year | Milestone | Source |
|---|---|---|
| 2024 | TraceAir Hit $25m revenue in November 2024 | |
| 2024 | TraceAir Hit $8.3m revenue in October 2024 | Estimated |
| 2023 | TraceAir Hit $5m revenue in December 2023 | Estimated |
| 2021 | TraceAir Hit $2.4m revenue in January 2021 | |
| 2015 | Launched with $0 revenue |
| $5.5M |
| 45% |
| 2016 | Convertible Note | $745K | - | - |
| 2016 | Seed Round | $125K | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 118 employees (December 2024) | |
| 2024 | Reached 111 employees (October 2024) | |
| 2023 | Reached 97 employees (December 2023) | |
| 2022 | Reached 81 employees (December 2022) | |
| 2021 | Reached 56 employees (December 2021) | |
| 2021 | Reached 41 employees (January 2021) |
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