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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.

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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.

TrusTrace Revenue GrowthReported revenue / ARR by year$0$6M$12M$18M$24M$30M201620172018201920202021202220232024$0$9M$10M$26MSource: GetLatka.com
YearMilestone
2024TrusTrace Hit $26m revenue in November 2024Source
2024TrusTrace Hit $22.7m revenue in October 2024
2023TrusTrace Hit $10.3m revenue in December 2023
2021TrusTrace Hit $8.7m revenue in October 2021
2016Launched 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.

TrusTrace Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$2M$4M$6M$8M$10M2016201720182019202020212016 cumulative: $0 • 2016 Founded: $02017 cumulative: $266K • 2016 Founded: $0 • 2017 Grant: $266K2018 cumulative: $498K • 2016 Founded: $0 • 2017 Grant: $266K • 2018 Grant: $232K2019 cumulative: $2M • 2016 Founded: $0 • 2017 Grant: $266K • 2018 Grant: $232K • 2019 Seed Round: $1M2019 cumulative: $2M • 2016 Founded: $0 • 2017 Grant: $266K • 2018 Grant: $232K • 2019 Seed Round: $1M • 2019 Grant: $116K2021 cumulative: $8M • 2016 Founded: $0 • 2017 Grant: $266K • 2018 Grant: $232K • 2019 Seed Round: $1M • 2019 Grant: $116K • 2021 Series A: $6M$8M2016 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold
2021Series A$6M--
2019Grant$116.1K--
2019Seed Round$1.2M--
2018Grant$231.7K--
2017Grant$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.

TrusTrace Team GrowthReported headcount over time0408012016020020162017201820192020202120222023202400165165Source: GetLatka.com
YearMilestone
2024Reached 165 employees (December 2024)
2024Reached 165 employees (October 2024)
2023Reached 107 employees (December 2023)
2023Reached 107 employees (July 2023)
2022Reached 116 employees (December 2022)
2021Reached 109 employees (December 2021)
2021Reached 89 employees (October 2021)

Founder / CEO

Shameek Ghosh

Shameek Ghosh is listed as Founder / CEO at TrusTrace.

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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.

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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 .

TrusTrace Revenue 2024: $26M ARR, $7.9M Raised