About TrueState
TrueState is a Technology company based in Sydney (Australia) founded in 2023 by William Ashford. TrueState has raised $1.5 million across 1 funding round from investors including AirTree, Side Stage Ventures and Galileo Ventures. Its chief executive is William Ashford. TrueState offers products and services including Sales Excellence Model, Back-office Automation, Churn Minimisation, Cross-sell Optimization, and Automated Support. Its focus areas include Business Services, AI Services, Consulting and High Tech. Its competitors include Veritone, Anyscale, Tredence, Comet and Abacus.AI and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
Platform for building AI systems. The platform offers AI technology, enabling customers to implement AI solutions. Features include containerization of core services, integration of data with models, identity and access management, GPU lifecycle management, CI or CD configuration, security compliance, infrastructure scaling automation, secure data integrations, and more.
- Headquarters Sydney, Australia
- Founders William Ashford
- SectorsTechnology
- Email••••••••
- Website truestate.io
- Social LinkedIn
- Total Equity Funding$1.5M (USD)
in 1 rounds
- Latest Funding Round$1.5M (USD), Seed
Jun 2024
- InvestorsAirTree
& 3 more
Products & Services of TrueState
TrueState offers a comprehensive portfolio of products and services, including Sales Excellence Model, Back-office Automation, Churn Minimisation, Cross-sell Optimization, and Automated Support.
Custom AI model for sales drivers and action recommendations.
AI agents for invoice processing and expense tracking.
Tool to identify at-risk customers and retention strategies.
AI for identifying relevant products and marketing approaches.
Uses LLMs for scalable and reliable support interactions.
Funding Insights of TrueState
TrueState has successfully raised a total of $1.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.5 million completed in June 2024. 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 $1.5M
- Total Rounds 1
- Last Round Seed — $1.5M
- First Round $1.5M
(Jun 2024)
- Investors Count 4
All 1 funding rounds of TrueState with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2024 | $1.5M | Seed | – | – |
4 investors in total: 4 institutional.
Investors in TrueState
TrueState has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include AirTree, Side Stage Ventures and Galileo Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are directed toward early-stage tech startups by AirTree. | – | airtree.vc | Surry Hills, Australia | |
Side Stage Ventures is focused on seed funding for early-stage startups. | – | sidestage.vc | Australia | |
Early-stage venture capital funding is provided by Galileo Ventures. | – | galileo.ventures | Melbourne, Australia | |
Multiple sectors are funded by Imprint Capital Partners' venture capital. | – | imprint-partners.com | Sydney, Australia |
Investor details for TrueState
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People of TrueState
1 people are tracked at TrueState (1 in leadership).
| Name | Role | Group |
|---|---|---|
William Ashford | Founder & CEO | Leadership |
Complete people profiles for TrueState
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Timeline of TrueState
2 dated milestones of TrueState across 1 years, from founding to its latest funding, stage changes and deals.
- Founded TrueState is founded.
- Funding First funding round of $1.5M.
Competitors of TrueState
TrueState has 9 listed competitors in our database, 9 of them funded. They include Veritone, Anyscale, Tredence, Comet and Abacus.AI, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| veritone.com | 2014 | Irvine, United States | $15M | 487 | AI-driven analytics for audio and video content are provided. | |
| anyscale.com | 2019 | San Francisco, United States | $280.53M | 118 | Provider of an AI-based open source framework for building distributed applications | |
| tredence.com | 2013 | San Jose, United States | $205M | – | AI consulting, supply chain, and customer analytics services are provided. | |
| comet.com | 2017 | New York, United States | $63.02M | – | AI and SaaS-based ML solutions | |
| abacus.ai | 2019 | San Francisco, United States | $90.25M | 49 | Provides AI based data models creation for data science | |
| datarobot.com | 2012 | Boston, United States | $1.05B | 453 | Provider of an AI and cloud based data science platform | |
| mindsdb.com | 2017 | Berkeley, United States | $53.68M | – | Predictive analytics platform for enterprise data | |
| modular.com | 2017 | Mountain View, United States | $380M | – | Next-generation AI development platform is built with modular components. | |
| 4paradigm.com | 2014 | Beijing, China | $1.07B | – | AI-based data science and modeling platform is provided. |
Detailed competitors of TrueState
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Top companies in AI Core Platforms & Infrastructure
10 companies that operate in the same segment as TrueState (AI Core Platforms & Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Photo editing and sharing apps are developed by Meitu. | 2008 | Xiamen, Fujian, China | USD 525 M | USD 536.99 M | 719 | |
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
OpenAI is engaged in developing advanced artificial intelligence technologies. | 2015 | San Francisco, California, United States | USD 180.07 B | – | 11,115 | |
AI-based system-on-chips are developed for advanced driver assistance systems. | 1999 | Jerusalem, Jerusalem District, Israel | USD 530 M | USD 1.89 B | 3,820 | |
AI models and chatbots are offered for industry applications. | 2021 | San Francisco, California, United States | USD 132.31 B | – | 6,146 | |
AI and SaaS-based self-driving solutions for autonomous vehicles are provided. | 2017 | Mountain View, California, United States | USD 692.62 M | USD 3 M | 2,619 | |
AI-based conversational solutions are provided for user interactions and learning. | 2021 | Menlo Park, California, United States | USD 193 M | – | 325 | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | New York, New York, United States | USD 10 M | USD 2.09 B | 59,500 | |
Provider of AI-based drone surveillance solutions for defense and maritime sector | 2017 | Orange, California, United States | USD 11.29 B | – | 9,670 | |
Citation-based AI answer engine with real-time sourcing is operated. | 2022 | San Francisco, California, United States | USD 1.72 B | – | 1,401 |
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Related news about Truestate
Complete news archive for TrueState
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Frequently Asked Questions about TrueState
TrueState was founded in 2023 and raised its 1st funding round 1 year after it was founded.
TrueState is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
William Ashford is the current CEO of TrueState. They have also founded this company.
TrueState is a funded company, having raised a total of $1.5M across 1 funding round to date. The company's 1st funding round was a Seed of $1.5M, raised on Jun 2024.
Platform for building AI systems. The platform offers AI technology, enabling customers to implement AI solutions. Features include containerization of core services, integration of data with models, identity and access management, GPU lifecycle management, CI or CD configuration, security compliance, infrastructure scaling automation, secure data integrations, and more.
TrueState offers Sales Excellence Model, Back-office Automation, Churn Minimisation, Cross-sell Optimization, and Automated Support.
TrueState has 4 investors. Key investors include AirTree, Side Stage Ventures, Galileo Ventures, and Imprint Capital Partners.