Trace
PrivateLast Round
Seed
Feb 26, 2026
Total Funding Raised
$3.5M
Momentum
Top 50%
of companies Caplight tracks
Company Overview
Trace operates in Enterprise Software and is based in San Francisco, California. Its latest recorded funding round was a Seed round in February 2026.
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, Data Integration, NLP & Conversational AI, Project Management, Low-Code/No-Code
Business Model
B2B
Customer Profile
Subscription SaaS
AI Layer
Application
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Trace Comparables
Compare Trace with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Lutra AI | 82% | |
| Gumloop | 80% | |
| Celonis | 77% |
For institutional investors. Book with your work email.
Trace Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Seed | Feb 26, 2026 | ||||
| Accelerator | Aug 1, 2025 |
For institutional investors. Book with your work email.
Trace Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Formosa Capital | Seed |
| Goodwater Capital | Seed |
| Transpose Platform Management | Seed |
| Zeno Ventures | Seed |
| Y Combinator | Seed, Accelerator |
Market signals
Structured signals derived from secondary market and firmographic data.
- Feb 26, 2026
$3M raised from Formosa Capital and Goodwater Capital.
For institutional investors. Book with your work email.
Trace Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Book a demoFor institutional investors. Book with your work email.
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, so its shares have no public market price. Caplight tracks Trace's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
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.
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 in Trace's shares on secondary markets.