About TrueAbility
TrueAbility is a company based in San Antonio (United States) founded in 2012 was acquired by Aluminum in July 2023.. TrueAbility has raised $3.04 million across 2 funding rounds from investors including Active Capital, Austin Ventures and Pat Condon. TrueAbility offers products and services including Pure Performance-Based Assessment, Blended Assessments, Training Labs, and Talent Assessments. TrueAbility operates in a competitive market with competitors including Mettl, TestGorilla, Aspiring Minds, MeritTrac and Interviewed, among others.
- Headquarter San Antonio, 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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- Legal Name Trueability, 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
$3.04 M (USD)
in 2 rounds
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Latest Funding Round
$2.29 M (USD), Series A
Jul 29, 2013
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Investors
Active Capital
& 6 more
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Employee Count
Employee Count
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Acquired by
Aluminum
(Jul 20, 2023)
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Products & Services of TrueAbility
TrueAbility offers a comprehensive portfolio of products and services, including Pure Performance-Based Assessment, Blended Assessments, Training Labs, and Talent Assessments. 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 real-world testing and certification in live environments.
Combines manual and automated grading for skill evaluation.
Provides scalable cloud environments for global training sessions.
Custom assessments for verifying professional skills and promotions.
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Funding Insights of TrueAbility
TrueAbility has successfully raised a total of $3.04M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.29 million completed in July 2013. 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 Series A — $2.3M
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First Round
First Round
(14 Jan 2013)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2013 | Amount | Series A - TrueAbility | Valuation | Austin Ventures | |
| Jan, 2013 | Amount | Seed - TrueAbility | Valuation |
investors |
| 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 TrueAbility
TrueAbility has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Active Capital, Austin Ventures and Pat Condon. 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 investments in Texas-based companies.
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Founded Year | Domain | Location | |
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Active Capital is focused on pre-seed investments in enterprise software.
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Founded Year | Domain | Location | |
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Entrepreneurial initiatives in San Antonio are supported by Graham Weston.
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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 TrueAbility
| 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 - TrueAbility
| 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 |
Trueability Comparisons
Competitors of TrueAbility
TrueAbility 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 Mettl, TestGorilla, Aspiring Minds, MeritTrac and Interviewed, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online assessments for pre-hires and employees' skills are conducted.
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| domain | founded_year | HQ Location |
Cloud-based software for pre-employment testing and recruitment automation is offered.
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| domain | founded_year | HQ Location |
AI-based assessments for enterprise candidate skills are provided.
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| domain | founded_year | HQ Location |
Assessment solutions are provided for enterprises and educational institutions.
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| domain | founded_year | HQ Location |
Advanced simulations for non-technical interviews are created.
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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 Trueability
Frequently Asked Questions about TrueAbility
When was TrueAbility founded?
TrueAbility was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is TrueAbility located?
TrueAbility is headquartered in San Antonio, United States. It is registered at San Antonio, Texas, United States.
Is TrueAbility a funded company?
TrueAbility is a funded company, having raised a total of $3.04M across 2 funding rounds to date. The company's 1st funding round was a Seed of $750K, raised on Jan 14, 2013.
What does TrueAbility do?
TrueAbility was founded in 2012 in San Antonio, United States, operating in the technology assessment sector. A cloud-based platform called AbilityScreen is provided to evaluate technical competence of candidates in live-programming environments. Employers can invite applicants for assessments or source from a community exceeding 100,000 Linux professionals. Pre-configured tests for various roles are offered, with results enabling applicant ranking. Revenue is generated through assessment volumes and candidate sourcing.
Who are the top competitors of TrueAbility?
TrueAbility's top competitors include Mettl, MeritTrac and TestGorilla.
What products or services does TrueAbility offer?
TrueAbility offers Pure Performance-Based Assessment, Blended Assessments, Training Labs, and Talent Assessments.
Who are TrueAbility's investors?
TrueAbility has 7 investors. Key investors include Active Capital, Austin Ventures, Pat Condon, Graham Weston, and Dirk Elmendorf.