About Torc
Torc is a company based in Boston (United States) founded in 2021 was acquired by Randstad in May 2024.. Torc has completed 1 acquisition, including Codealike. Torc offers products and services including Hiring Platform and Job Search Platform. Torc operates in a competitive market with competitors including Braintrust, Emissary, Kiln, TONGAL and Field Agent, among others.
- Headquarter Boston, United States
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Sectors
Technology
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Phone
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Website
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Social
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Products & Services of Torc
Torc offers a comprehensive portfolio of products and services, including Hiring Platform and Job Search Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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Funding Insights of Torc
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Torc
Torc has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Randstad. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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HR consulting, recruitment, and outsourcing services are offered worldwide.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Torc
Torc has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Codealike. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Developer activities are measured and productivity feedback is provided.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Torc
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Torc Comparisons
Competitors of Torc
Torc operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Braintrust, Emissary, Kiln, TONGAL and Field Agent, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Tech freelancers are matched with employers in a decentralized marketplace.
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A call center automation platform is provided by Emissary.
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Provider of cryptocurrency staking solutions
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Online platform of branded and original video content
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Crowdsourced retail intelligence is gathered through freelancer mobile platform.
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| domain | founded_year | HQ Location |
Tech freelancers are recruited via pre-assessed job postings.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Torc
Frequently Asked Questions about Torc
When was Torc founded?
Torc was founded in 2021.
Where is Torc located?
Torc is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
What does Torc do?
Torc was established in 2021 in Boston, United States, as an online platform within the technology sector. Freelance software developers are connected with clients seeking specialized coding and development services. Operations are conducted digitally, enabling remote project matching and collaboration. The marketplace supports various software-related tasks, from web development to application building, primarily serving users across the United States and beyond.
Who are the top competitors of Torc?
Torc's top competitors include Braintrust, Kiln and Scalenut.
What products or services does Torc offer?
Torc offers Hiring Platform and Job Search Platform.
How many acquisitions has Torc made?
Torc has made 1 acquisition, including Codealike.
Who are Torc's investors?
Torc has 1 investor. Key investors include Randstad.
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