About Traction Technology
Traction Technology is a company based in New York (United States) founded in 2015.. Traction Technology has raised $775 thousand across 2 funding rounds. Traction Technology offers products and services including Traction Platform, Traction AI, and Technology Scouting. Traction Technology operates in a competitive market with competitors including Wellspring, Forestreet, Lux Research, Linknovate and Expent, among others.
- Headquarter New York, United States
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$775 K (USD)
in 2 rounds
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Latest Funding Round
$275 K (USD), Seed
Nov 11, 2020
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Investors
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Employee Count
Employee Count
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Products & Services of Traction Technology
Traction Technology offers a comprehensive portfolio of products and services, including Traction Platform, Traction AI, and Technology Scouting. 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.
Centralizes innovation activities and automates technology evaluation processes
Provides AI-driven insights for business-specific innovation needs
Assists in identifying and evaluating emerging technologies for enterprises
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Funding Insights of Traction Technology
Traction Technology has successfully raised a total of $775K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $275 thousand completed in November 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $275,000
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First Round
First Round
(05 Sep 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Seed - Traction Technology | Valuation |
investors |
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| Sep, 2017 | Amount | Seed - Traction Technology | Valuation |
investors |
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| 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 |
investors |
Investments & Acquisitions by Traction Technology
| 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 |
Financial Statements - Traction Technology
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
investors |
Traction Technology Comparisons
Competitors of Traction Technology
Traction Technology 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 Wellspring, Forestreet, Lux Research, Linknovate and Expent, 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 |
AI platform for technology scouting and corporate venturing is offered.
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| domain | founded_year | HQ Location |
An AI platform is provided for supplier and market intelligence.
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| domain | founded_year | HQ Location |
Insights on emerging technologies are provided through a scouting platform.
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| domain | founded_year | HQ Location |
Competitive intelligence is delivered through machine learning for innovation tracking.
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| domain | founded_year | HQ Location |
Provider of procurement software
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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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Frequently Asked Questions about Traction Technology
When was Traction Technology founded?
Traction Technology was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Traction Technology located?
Traction Technology is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Traction Technology a funded company?
Traction Technology is a funded company, having raised a total of $775K across 2 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Sep 05, 2017.
What does Traction Technology do?
Traction Technology was founded in 2015 and is headquartered in New York, United States. Cloud-based software for enterprise social networking is offered, incorporating tools for CRM, project management, knowledge discovery, unified email integration, on-demand research, team collaboration, and a startup technology database. Services are directed toward enterprise IT, innovation teams, technology scouting, corporate venture capital, mergers and acquisitions, and research and development sectors.
Who are the top competitors of Traction Technology?
Traction Technology's top competitors include Wellspring, Lux Research and Forestreet.
What products or services does Traction Technology offer?
Traction Technology offers Traction Platform, Traction AI, and Technology Scouting.
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