# Tray.io

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tray-io

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.tray.io
- Total disclosed funding: $149M
- Latest round: Series C (Sep 27, 2022)
- Investors on record: 12

## About

Tray.io, Inc. is a technology company specializing in integration and automation, providing businesses with AI-ready solutions to optimize workflows and enhance operational efficiency.Founded in 2012 and headquartered in San Francisco, US, Tray.io, Inc. develops an integration and automation platform. The company was founded by Alistair Russell, Dominic Lewis, and Rich Waldron, who also serves as CEO. Tray.io has raised USD 40.00 mn in its SERIES C funding round on September 27, 2022, led by CPP Investment Board and involving several other investors. The total amount raised by the company is USD 40.00 mn, with a current valuation of USD 566.91 mn.Tray.io offers an AI-ready integration and automation platform designed to streamline and enhance business processes through intelligent automation. Core products include the Merlin Agent Builder and various pre-built agents, enabling users to configure and deploy AI-driven solutions without coding. The platform is utilized across multiple industries, particularly in IT service management (ITSM), automating processes such as ticket handling and routing. Tray.io's products are marketed in North America, Europe, and other global markets, focusing on enterprises requiring scalable automation solutions.Tray.io's revenue model is based on subscription services, allowing clients to access its integration and automation platform through various pricing plans tailored to user needs. This model supports B2B transactions and direct engagements with larger enterprises, fostering long-term partnerships. Clients receive continuous software updates and access to a comprehensive suite of tools that promote integration across over 60 applications. The subscription fees provide a stable revenue stream, driven by the platform's capability to enhance operational efficiency and meet customer-specific automation requirements.In September 2022, Tray.io raised USD 40.00 mn in SERIES C funding, which will be utilized to further develop its product offerings. The company aims to enhance its existing platform and potentially introduce new features to better serve its client base. There are plans to expand into additional global markets, focusing on regions that demonstrate a rising demand for automation solutions.

## Funding rounds

- Series C, Sep 27, 2022, $40M — Meritech Capital Partners, Granite Asia, Spark Capital, True Ventures, StepStone, CPP Investment Board
- Series C, Nov 26, 2019, $50M — Meritech Capital Partners, Granite Asia, Spark Capital, True Ventures
- Series B, Apr 8, 2019, $37M — Meritech Capital Partners, Granite Asia, Spark Capital, True Ventures, Mosaic Ventures
- Series A, May 2, 2018, $14M — Granite Asia, True Ventures, AngelPad, Mosaic Ventures
- Series A, Nov 17, 2016, $5M — True Ventures, Mosaic Ventures
- Seed, Apr 16, 2015, $2.2M — Redpoint Ventures, True Ventures, AngelPad
- Angel, Nov 1, 2012, $0.6M — AngelPad, Passion Capital, Ballpark Ventures, Firestartr

## Investors

- AngelPad (https://capitalatlas.ai/funds/angelpad) — Angel, Seed, Series A
- Passion Capital — Angel
- Ballpark Ventures (https://capitalatlas.ai/funds/ballpark-ventures) — Angel
- Firestartr (https://capitalatlas.ai/funds/firestartr) — Angel
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Seed
- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Seed, Series A, Series B, Series C
- Mosaic Ventures (https://capitalatlas.ai/funds/mosaic-ventures) — Series A, Series B
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series A, Series B, Series C
- Meritech Capital Partners (https://capitalatlas.ai/funds/meritech-capital-partners) — Series B, Series C
- Spark Capital — Series B, Series C
- StepStone (https://capitalatlas.ai/funds/stepstone) — Series C
- CPP Investment Board — Series C