2024 Revenue
$26M
Customers
40
Funding
$7.9M
YOY
152.9%
Avg ACV
$650K
Team
165
Founded
2016
How TrusTrace CEO Shameek Ghosh grew TrusTrace 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 |
|---|---|
| 2024 | TrusTrace Hit $26m revenue in November 2024Source |
| 2024 | TrusTrace Hit $22.7m revenue in October 2024 |
| 2023 | TrusTrace Hit $10.3m revenue in December 2023 |
| 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 |
|---|---|---|---|---|
| 2021 | Series A | $6M | - | - |
| 2019 | Grant | $116.1K | - | - |
| 2019 | Seed Round | $1.2M | - | - |
| 2018 | Grant | $231.7K | - | - |
| 2017 | Grant | $266.5K | - | - |
TrusTrace Employees & Team Size
TrusTrace employs approximately 165 people as of 2026, up from 107 in 2023.
TrusTrace has 165 total employees in different roles and functions. They have 40 customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 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) |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how TrusTrace acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
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.
How many employees does TrusTrace have?
TrusTrace has 165 employees.
Where is TrusTrace headquarters?
TrusTrace is headquartered in Stockholm, Sweden.
People Also Viewed

Simon Data
Provider of a customer data platform intended to empower marketers to build complex customer segments. The company's platform offers an unique approach and offers brands to develop personalization capabilities without the need to build and maintain massive bespoke data infrastructure, enabling clients to run sophisticated life-cycle marketing campaigns and obtain new means to acquire customers.

M47 - AI Company
M47 is an AI company. We ignite the power of AI at the heart of leading companies. From design to execution, without limits. Through creativity, talent, adaptation, and extreme care for quality, we amplify the multiplier effect of Artificial Intelligence in your company.

MangoApps
A modern work platform means a single source of truth for your desk and deskless employees alike, where everything they need is organized and easy to find. MangoApps was designed to unify your employee experience by combining intranet, communication, collaboration and training into one intuitive, mobile-accessible workspace. If you used MangoApps, your employees would start every day on a personally customizable widget-based dashboard that included everything they needed for their job. Each employee has personal notification and dashboard settings, ensuring that they get all the updates they need, and can filter out irrelevant information as needed. We’ve been in the business for over a decade, and have spent that time working closely with our customers, refining the product to ensure that it meets all of their needs, and our modular pricing means you only pay for what you actually use.

Tracer
Tracer is revolutionizing the brand protection industry with its advanced AI platform, setting new benchmarks in detecting, reviewing, and removing brand abuse with unmatched accuracy, speed, and scale. By leveraging over a decade’s worth of brand data with dynamically tuned Human-in-the-Loop AI and deep expertise of industry professionals, Tracer has become the chosen solution provider for some of the world’s most valuable brands. Tracer helps brands preserve their intellectual property and brand integrity globally, ultimately amplifying customer trust, loyalty, and satisfaction. We offer a comprehensive suite of solutions to address a wide array of brand abuses, including: counterfeiting, impersonation, cybersquatting, fraud, phishing, and more. At Tracer, we're on a mission to use AI to create a safe, secure, and authentic digital universe for everyone - where brands can thrive, and consumers worldwide can buy, share, search, click, download and navigate with confidence.

DVV Media Group
Mehr als 70 Jahre verlässlicher Partner für die Akteure in den Bereichen Transport & Logistik sowie Verkehr & Mobilität

Babtec Informationssysteme GmbH
Together we shape the future of quality management.
Compare TrusTrace to the industry
TrusTrace operates across multiple industries. Browse revenue, funding, and growth data for TrusTrace in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .
