Traba has raised significant capital across multiple funding rounds, with backing from top firms such as Founders Fund, Khosla Ventures, and General Catalyst. The platform focuses on light industrial staffing technology, connecting businesses with reliable workers to streamline workforce management and improve fill rates.
What Is Traba and What Does It Do?
Traba, founded in June 2021 by Akshay Buddiga and Mike Shebat, is a technology company headquartered in New York, New York. The platform connects businesses with skilled workers across various staffing models, including contract, temporary, and project-based arrangements.
Traba employs 51–100 people and utilizes AI, machine learning, and automation to match workers with shifts, minimize administrative overhead, and enhance efficiency in industrial staffing.
How Much Funding Has Traba Raised?
- Seed Round
- Amount Raised: $3.6M
- Date: July 2021
- Lead Investors: Founders Fund, General Catalyst
- Motivation: To develop the initial technology platform and validate market demand.
- Series A
- Amount Raised: $20M
- Date: July 2022
- Lead Investors: Khosla Ventures
- Motivation: To scale operations, enhance platform infrastructure, and expand employer and worker features.
- Series A2
- Amount Raised: $22M
- Date: October 2023
- Lead Investors: Founders Fund, with participation from Khosla Ventures
- Motivation: To accelerate expansion, add features, and improve customer adoption.
Total Funding Raised: $43.6M
Latest Funding Date: October 2023
Key Investors
- Founders Fund
- Details: Venture capital firm known for backing high-potential startups.
- Investment Focus Areas: Marketplace platforms, industrial tech, etc.
- Notable Investments: SpaceX, Airbnb, Palantir.
- Khosla Ventures
- Details: Early- to growth-stage investor tackling big problems with technology.
- Investment Focus Areas: Industrial tech, operations, innovation.
- Notable Investments: Square, DoorDash, Impossible Foods.
- General Catalyst
- Details: Provides Funding and support to early-stage and growth companies.
- Investment Focus Areas: Workforce tech, marketplaces, enterprise tools.
- Notable Investments: Stripe, Snap, Airbnb.
Where Is Traba’s Headquarters?
Traba is headquartered in New York, New York, giving it access to a large labor market, industrial hubs, and proximity to investors and tech talent.
What’s Next for Traba?
Traba aims to extend its geographic reach, deepen its product with AI and automation, and improve worker experience and fill rates. The company is focused on balancing growth with maintaining quality in staffing and ensuring rapid matching of labor demand.
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