About Trinsic
Trinsic is a company based in New York (United States) founded in 2020 by Riley Hughes, Michael Boyd, and Tomislav Markovski.. Trinsic has raised $9.12 million across 2 funding rounds from investors including Georgian, Kickstart Fund and Founders' Co-op. Trinsic offers products and services including Identity Verification Platform and APIs and UI Components. Trinsic operates in a competitive market with competitors including Authzed, Descope, Clerk, Authomize and GlobaliD, among others.
- Headquarter New York, United States
- Founders Riley Hughes, Michael Boyd, Tomislav Markovski
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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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- Legal Name Trinsic Technologies, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.12 M (USD)
in 2 rounds
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Latest Funding Round
$9.12 M (USD), Seed
Jan 27, 2022
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Investors
Georgian
& 13 more
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Employee Count
Employee Count
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Products & Services of Trinsic
Trinsic offers a comprehensive portfolio of products and services, including Identity Verification Platform and APIs and UI Components. 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.
Platform for accepting digital IDs from multiple networks.
Tools for easy integration of digital ID verification services.
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Funding Insights of Trinsic
Trinsic has successfully raised a total of $9.12M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $9.12 million completed in January 2022. 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 — $9.1M
- First Round First Round
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2022 | Amount | Seed - Trinsic | Valuation | Georgian | |
| Jun, 2020 | Amount | Seed - Trinsic | Valuation | Kickstart Seed Fund |
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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 |
Investors in Trinsic
Trinsic has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Georgian, Kickstart Fund and Founders' Co-op. 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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Venture capital is provided to expanding B2B software companies.
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Founded Year | Domain | Location | |
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Seed and early-stage tech investments are made in the US.
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Founded Year | Domain | Location | |
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Early-stage venture capital fund investing in B2B software startups
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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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 Trinsic
| 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 - Trinsic
| 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 |
Trinsic Comparisons
Competitors of Trinsic
Trinsic 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 Authzed, Descope, Clerk, Authomize and GlobaliD, 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 |
Cloud-based API for user authorization is offered.
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| domain | founded_year | HQ Location |
A customer identity and access management platform is provided.
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| domain | founded_year | HQ Location |
Clerk is focused on providing authentication and user management solutions.
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| domain | founded_year | HQ Location |
AI-based authorization management automation solution
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| domain | founded_year | HQ Location |
User-managed identity and access control solutions are provided securely.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Trinsic
Frequently Asked Questions about Trinsic
When was Trinsic founded?
Trinsic was founded in 2020.
Where is Trinsic located?
Trinsic is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Trinsic?
Riley Hughes is the current CEO of Trinsic. They have also founded this company.
Is Trinsic a funded company?
Trinsic is a funded company, having raised a total of $9.12M across 2 funding rounds to date.
What does Trinsic do?
Trinsic was founded in 2020 and is headquartered in New York, United States. A cloud-based platform is operated for credential verification and monitoring within the identity and security technology sector. Services encompass tamper-proofing, data privacy measures, remote authentication of credentials, and system integrations. Clients such as FARMER CONNECT, MedCreds, and BRITISH COLUMBIA are supported through these operations.
Who are the top competitors of Trinsic?
What products or services does Trinsic offer?
Trinsic offers Identity Verification Platform and APIs and UI Components.
Who are Trinsic's investors?
Trinsic has 14 investors. Key investors include Georgian, Kickstart Fund, Founders' Co-op, Osage Venture Partners, and Forward Venture Capital.
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