Trax Technologies logo — Global leader in Spend & Compliance Management, empowering g...

Trax Technologies

Global leader in Spend & Compliance Management, empowering globally complex supply chains to achieve resilience.

Founded 1993 United States Irving, United States 550 employees Corporate Round Total: $24.70M Logistics, Supply Chain

General Information

Company Name Trax Technologies
Founded Year 1993
Location United States Irving, United States +7
Employees 550
Industries Logistics, Supply Chain
Funding Stage Corporate Round
Social

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About Trax Technologies

Trax Technologies is a leading player in the logistics industry, specializing in Transportation Spend Management (TSM) visibility for Freight Audit & Payment solutions. Since its establishment in 1993, Trax has been at the forefront of transforming conventional freight and parcel audit through its innovative cloud-based applications and expert services. With a global presence across North America, Latin America, Asia, and Europe, Trax offers data-driven visibility, insights, and enhanced control over transportation spend for companies of all sizes.

The latest injection of $9.70M in corporate round investment, secured on June 22, 2023 from TriumphPay, further underscores the company's significance and potential for growth. This funding boost is expected to support Trax in its mission to empower customers in managing and controlling their global transportation costs more effectively, subsequently driving enterprise-wide efficiency.

Trax Technologies continues to uphold its commitment to revolutionizing Transportation Spend Management, paving the way for enhanced savings and greater control for shippers globally. More insights and information about the company can be found on www.traxtech.com.

Taxonomy: Transportation Spend Management, Freight Audit & Payment, Cloud-based applications, Global footprint, Data-based visibility, Transportation costs control, Supply chain optimization

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Corporate Round •••••• 1
Investor
22 Jun 2023
Debt Financing •••••• 1 •••• •••• 26 Aug 2021
Private Equity Round •••••• 1 •••• •••• 28 Mar 2014
Series B •••••• 2
Investor Investor
14 Feb 2013
Series A •••••• - 01 Jan 2008

Trax Technologies Alternatives & Competitors

Trax Technologies vs
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FAQ About Trax Technologies

Global leader in Spend & Compliance Management, empowering globally complex supply chains to achieve resilience.
Trax Technologies was founded in 1993.
Trax Technologies is headquartered in Irving, United States.
Trax Technologies operates in the following industries: Logistics, Supply Chain.
Trax Technologies has approximately 550 employees.
Trax Technologies has completed 5 funding rounds, raising a total of $24.70M. The latest funding stage is Corporate Round.
Top alternatives and competitors to Trax Technologies include Trax, KJS Transport , DiDi, Broussard Logistics, A3 Freight Payment. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Trax Technologies and Trax are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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