About Trax Technologies
Trax Technologies is a company based in Scottsdale (United States) founded in 1993 was acquired by Strattam Capital in February 2015. Trax Technologies has raised $20 million across 5 funding rounds from investors including Capital Southwest, TBK Bank and TriumphPay. Trax Technologies offers products and services including Global Freight Audit, Freight Data Management, and Managed Services. Trax Technologies operates in a competitive market with competitors including ShipSigma, ControlPay, Bold Parcel, Your Refunds and AuditPass, among others.
- Headquarter Scottsdale, United States
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Sectors
Transportation, Automotive & LogisticsTechnology
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$20 M (USD)
in 5 rounds
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Latest Funding Round
$9.7 M (USD), Debt – Conventional
Jun 23, 2023
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Investors
Capital Southwest
& 6 more
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Employee Count
Not available
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Acquired by
Strattam Capital
(Feb 26, 2015)
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Products & Services of Trax Technologies
Trax Technologies offers a comprehensive portfolio of products and services, including Global Freight Audit, Freight Data Management, and Managed Services.
AI-powered tool for cost savings and compliance in freight operations
Centralizes and normalizes supply chain data for actionable insights
Optimizes carrier relationships and ensures data quality compliance
People of Trax Technologies
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Funding Insights of Trax Technologies
Trax Technologies has successfully raised a total of $20M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $9.7 million completed in June 2023. 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.
Investors in Trax Technologies
Trax Technologies has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Capital Southwest, TBK Bank and TriumphPay.
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Investments are focused on mid-market software and technology-enabled services firms.
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Equity investments are directed toward media, communication, and education sectors.
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Investor details for Trax Technologies
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Investments & Acquisitions by Trax Technologies
Investment portfolio details for Trax Technologies
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Financial Statements - Trax Technologies
Detailed financials for Trax Technologies
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Trax Technologies Comparisons
Peer comparison for Trax Technologies
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Competitors of Trax Technologies
Trax Technologies 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 ShipSigma, ControlPay, Bold Parcel, Your Refunds and AuditPass, among others.
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AI and web-based solutions for shipping invoice auditing are provided.
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Freight audit and payment solutions are provided for global logistics.
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Specializes in shipment auditing and carrier agreement negotiations for businesses.
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Delivers web-based platforms for comprehensive shipment auditing and management.
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Software platform for remote audit management, data capture, and compliance tracking.
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Detailed competitors of Trax Technologies
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Latest news on Trax Technologies
Complete news archive for Trax Technologies
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Frequently Asked Questions about Trax Technologies
Trax Technologies was founded in 1993 and raised its 1st funding round 19 years after it was founded.
Trax Technologies is headquartered in Scottsdale, United States. It is registered at Scottsdale, Arizona, United States.
Trax Technologies is a funded company, having raised a total of $20M across 5 funding rounds to date.
Trax Technologies was founded in 1993 in Scottsdale, United States, and operates in the logistics data sector. Incomplete or inaccurate transaction data is identified and corrected at its source for buyers and sellers of logistics services. A cloud platform is offered to ensure data reliability, along with predictive analytics derived from over one billion transactions across industries, modes, and countries. Operations are supported worldwide to optimize business processes.
Trax Technologies's top competitors include ShipSigma, ControlPay and Bold Parcel.
Trax Technologies offers Global Freight Audit, Freight Data Management, and Managed Services.
Trax Technologies has 7 investors. Key investors include Capital Southwest, TBK Bank, TriumphPay, Accel-KKR, and Spire Capital.