About TruVideo
TruVideo is a company based in Wellesley (United States) founded in 2015 by Douglas Chrystall and Joe Shaker.. TruVideo has raised $40 million across 1 funding round from investors including TZP Group. TruVideo offers products and services including Video SDK, AI Noise Cancellation, and Virtual Assistant. TruVideo operates in a competitive market with competitors including CDK Global, Digital Air Strike, Xtime, Dealer.com and myKaarma, among others.
- Headquarter Wellesley, United States
- Founders Douglas Chrystall, Joe Shaker
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Sectors
TechnologyTransportation, Automotive & Logistics
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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
$40 M (USD)
in 1 rounds
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Latest Funding Round
$40 M (USD), Series C
Dec 10, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of TruVideo
TruVideo offers a comprehensive portfolio of products and services, including Video SDK, AI Noise Cancellation, and Virtual Assistant. 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.
Embeds video communication into apps for enhanced interactions
Removes background noise for clear audio in videos
Handles multilingual conversations and customer queries
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Funding Insights of TruVideo
TruVideo has successfully raised a total of $40M through 1 strategic funding round. The most recent funding activity was a Series C round of $40 million completed in December 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 Series C — $40.0M
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First Round
First Round
(10 Dec 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2024 | Amount | Series C - TruVideo | Valuation |
investors |
| 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 |
Investors in TruVideo
TruVideo has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include TZP Group. 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 firm investing in multiple sectors
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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 TruVideo
| 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 - TruVideo
| 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 |
Truvideo Comparisons
Competitors of TruVideo
TruVideo 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 CDK Global, Digital Air Strike, Xtime, Dealer.com and myKaarma, 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-driven management systems for auto dealerships are provided.
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| domain | founded_year | HQ Location |
Digital marketing solutions are provided for auto dealerships.
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| domain | founded_year | HQ Location |
Customer engagement tools for automotive dealers are provided.
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| domain | founded_year | HQ Location |
Digital marketing solutions for automotive dealerships are delivered.
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| domain | founded_year | HQ Location |
SaaS-based customer interaction management is provided for dealerships.
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| domain | founded_year | HQ Location |
Cloud-based digital marketing solutions are delivered for the automotive sector.
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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 Truvideo
Frequently Asked Questions about TruVideo
When was TruVideo founded?
TruVideo was founded in 2015 and raised its 1st funding round 9 years after it was founded.
Where is TruVideo located?
TruVideo is headquartered in Wellesley, United States. It is registered at Wellesley, Massachusetts, United States.
Who is the current CEO of TruVideo?
Joe Shaker is the current CEO of TruVideo. They have also founded this company.
Is TruVideo a funded company?
TruVideo is a funded company, having raised a total of $40M across 1 funding round to date. The company's 1st funding round was a Series C of $40M, raised on Dec 10, 2024.
What does TruVideo do?
TruVideo was founded in 2015 and is headquartered in Wellesley, United States. Operations focus on the automotive sector, where SaaS-based platforms for video messaging and AI analytics are delivered to dealerships. Buyer behavior is analyzed to enhance customer experiences, and custom video recording services are offered specifically for repair shops. The domain truvideo.com supports these activities.
Who are the top competitors of TruVideo?
What products or services does TruVideo offer?
TruVideo offers Video SDK, AI Noise Cancellation, and Virtual Assistant.
Who are TruVideo's investors?
TruVideo has 1 investor. Key investors include TZP Group.