2024 Revenue
$26M
Customers
40
Funding
$7.9M
Avg ACV
$650K
Team
165
Founded
2016
How TrusTrace CEO Shameek Ghosh grew to $26M revenue and 40 customers in 2024.
TrustTrace AB is the company that owns trustrace.com, and it is based in Stockholm, Sweden. The company was founded in 2016 and provides cybersecurity services such as digital identity verification, secure authentication, and fraud detection to businesses and individuals. TrustTrace's platform uses advanced algorithms and machine learning to detect and prevent fraud, identity theft, and other types of cybercrime. The company's mission is to make the internet a safer place by protecting users' digital identities and providing secure online transactions.
Last updated
TrusTrace Revenue
In 2024, TrusTrace's revenue reached $26M. The company previously reported $22.7M in 2024. Since its launch in 2016, TrusTrace has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | TrusTrace Hit $26m revenue in November 2024 | zoominfo.com |
| 2023 | TrusTrace Hit $10.3m revenue in December 2023 | Estimated |
| 2021 | TrusTrace Hit $8.7m revenue in October 2021 | |
| 2016 | Launched with $0 revenue |
TrusTrace Valuation, Funding Rounds
TrusTrace has not publicly disclosed its valuation. The company has raised $7.9M in total funding to date.
TrusTrace has raised $7.9M in total funding across 5 rounds, most recently a $6M Series A round in 2021.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2021 | Series A | $6M | - | - | |
| 2019 | Grant | $116.1K | - | - | |
| 2019 | Seed Round | $1.2M | - | - | |
| 2018 | Grant | $231.7K | - | - | |
| 2017 | Grant | $266.5K | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
TrusTrace serves 40 customers.
TrusTrace Employees & Team Size
TrusTrace employs approximately 165 people as of 2026, up from 107 in 2023. It serves 40 customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 165 employees (December 2024) | |
| 2024 | Reached 165 employees (October 2024) | |
| 2023 | Reached 107 employees (December 2023) | |
| 2023 | Reached 107 employees (July 2023) | |
| 2022 | Reached 116 employees (December 2022) | |
| 2021 | Reached 109 employees (December 2021) | |
| 2021 | Reached 89 employees (October 2021) |
Frequently Asked Questions about TrusTrace
What is TrusTrace's revenue?
TrusTrace generates $26M in revenue.
Who founded TrusTrace?
TrusTrace was founded by Shameek Ghosh.
Who is the CEO of TrusTrace?
The CEO of TrusTrace is Shameek Ghosh.
How much funding does TrusTrace have?
TrusTrace raised $7.9M across 5 rounds.
How many employees does TrusTrace have?
TrusTrace has 165 employees.
Where is TrusTrace headquarters?
TrusTrace is headquartered in Stockholm, Sweden.
Compare TrusTrace to the industry
TrusTrace operates across multiple industries. Browse revenue, funding, and growth data for TrusTrace in each sector below.
Data and Sources
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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