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Trace

Trace

Private
San Francisco, CaliforniaEnterprise Softwarehttps://www.trace.so/

Last Round

Seed

Feb 26, 2026

Total Funding Raised

$3.5M

Momentum

Top 50%

of companies Caplight tracks

Company Overview

Trace is an artificial intelligence company that provides a workflow orchestration platform designed to route tasks to the right human or AI agent.

Sector

Enterprise Software

Verticals

Workflow Automation, NLP & Conversational AI, Data Integration, Project Management, Low-Code/No-Code

Business Model

B2B

Customer Profile

Subscription SaaS

AI Layer

Application

Keywords

workflow orchestrationAI agentagentic workflowworkflow automationAI agentstask automationenterprise automationno-code automationbusiness process automationBPAcontext engineAI agent securitySaaS workflowdata integrationCompanyOS

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Trace Comparables

Compare Trace with similar companies based on industry and business-model similarity.

Trace comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Lutra AI
82%
Gumloop
80%
Celonis
77%

Trace Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
SeedFeb 26, 2026
AcceleratorAug 1, 2025

Trace Investors

Notable investors and investment history

Trace investors
InvestorRounds
Formosa CapitalSeed
Goodwater CapitalSeed
Transpose Platform ManagementSeed
Zeno VenturesSeed
Y CombinatorSeed, Accelerator

Market signals

Structured signals derived from secondary market and firmographic data.

  • Feb 26, 2026

    $3M raised from Formosa Capital and Goodwater Capital.

Trace Filings

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Trace filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Trace's valuation, stock price, and market status.

Is Trace a public or private company?

Trace is a private company.

What is the current stock price of Trace?

Trace is a private company with no public stock price. No recent secondary market data is available.

How much is Trace worth (valuation)?

Valuation information for Trace is not publicly available.

Can I buy Trace stock?

Trace shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Trace's last funding round?

Trace's most recent funding round was Seed on February 26, 2026.

Who are the main investors in Trace?

Key investors in Trace include Formosa Capital, Goodwater Capital, Transpose Platform Management, Zeno Ventures, Y Combinator.

Will Trace IPO soon?

No public IPO plans have been announced for Trace.

How can I track Trace secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Trace's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersSan Francisco, California
Employee Range-
Year Founded2025
Last FundingFeb 26, 2026

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