About TrueState
TrueState is a 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. TrueState offers products and services including Sales Excellence Model, Back-office Automation, Churn Minimisation, Cross-sell Optimization, and Automated Support. TrueState operates in a competitive market with competitors including Veritone, Anyscale, Tredence, Comet and Abacus.AI, among others.
- Headquarter Sydney, Australia
- Founders William Ashford
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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
$1.5 M (USD)
in 1 rounds
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Latest Funding Round
$1.5 M (USD), Seed
Jun 18, 2024
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Investors
AirTree
& 3 more
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Employee Count
Employee Count
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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. 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.
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 Total Funding
- Total Rounds 1
- Last Round Seed — $1.5M
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First Round
First Round
(18 Jun 2024)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - TrueState | 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 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. 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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Investments are directed toward early-stage tech startups by AirTree.
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Founded Year | Domain | Location | |
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Side Stage Ventures is focused on seed funding for early-stage startups.
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Founded Year | Domain | Location | |
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Early-stage venture capital funding is provided by Galileo Ventures.
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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 TrueState
| 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 - TrueState
| 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 |
Truestate Comparisons
Competitors of TrueState
TrueState 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 Veritone, Anyscale, Tredence, Comet and Abacus.AI, 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.
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| domain | founded_year | HQ Location |
AI-driven analytics for audio and video content are provided.
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Provider of an AI-based open source framework for building distributed applications
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AI consulting, supply chain, and customer analytics services are provided.
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AI and SaaS-based ML solutions
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Provides AI based data models creation for data science
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Provider of an AI and cloud based data science platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Truestate
Frequently Asked Questions about TrueState
When was TrueState founded?
TrueState was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is TrueState located?
TrueState is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Who is the current CEO of TrueState?
William Ashford is the current CEO of TrueState. They have also founded this company.
Is TrueState a funded 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 18, 2024.
What does TrueState do?
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.
Who are the top competitors of TrueState?
What products or services does TrueState offer?
TrueState offers Sales Excellence Model, Back-office Automation, Churn Minimisation, Cross-sell Optimization, and Automated Support.
Who are TrueState's investors?
TrueState has 4 investors. Key investors include AirTree, Side Stage Ventures, Galileo Ventures, and Imprint Capital Partners.
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