TransparentBusiness is a cloud-based project and workforce management platform built to help remote teams collaborate effectively. It offers tools for task tracking, time monitoring, workflow visibility, deadline management, and automated performance reporting. With real-time dashboards and advanced analytics, organizations gain clarity into team productivity and project progress. Trusted by global enterprises—including Google, Sony, Boeing, MasterCard, HP, Intel, and eBay the platform supports seamless project execution and centralized team coordination.
What Is TransparentBusiness and What Does It Do?
TransparentBusiness, founded in 2012 by Alex Konanykhin, is a New York City-based (United States) enterprise collaboration platform.
The company employs between 51-200 and provides cloud-powered tools for remote task management, enabling teams to collaborate, manage operations, track time, handle deadlines, and generate actionable insights. Its real-time dashboards, analytics, and transparency features make it a powerful solution for managing distributed teams at scale.
How Much Funding Has TransparentBusiness Raised?
- Series A
• Amount Raised: $1.54M
• Date: April 2023
• Motivation: To expand enterprise collaborations and enhance productivity monitoring capabilities. - Series A
• Amount Raised: $7.33M
• Date: February 2022
• Motivation: To strengthen SaaS infrastructure and accelerate platform development. - Conventional Debt
• Amount Raised: $346K
• Date: June 2021
• Motivation: To support working capital and operations during global expansion.
Total Funding Raised: $20 Million
Current Valuation: $1 Billion (as of October 2020)
Latest Funding Date: April 2023
Key Investors
1. Wayra
• Details: Wayra is Telefónica’s innovation and investment arm supporting scalable high-growth startups.
• Investment Focus Areas: Enterprise software, AI, mobile solutions, cloud tools.
• Notable Investments: TransparentBusiness, Countercraft, Smart Protection.
2. Goldman Sachs
• Details: A leading global investment bank and asset management organization.
• Investment Focus Areas: Enterprise tech, cloud software, productivity platforms.
• Notable Investments: Slack, Uber, Airbnb.
3. Citi
• Details: A global financial services firm investing in technology platforms that enable business productivity.
• Investment Focus Areas: Fintech, enterprise software, workflow systems.
• Notable Investments: DataRobot, Betterment, TransparentBusiness.
Where Is TransparentBusiness’s Headquarters?
TransparentBusiness is headquartered in New York City, United States, one of the world’s most influential tech and financial hubs. The location provides access to enterprise clients, global corporations, and a strong talent ecosystem that fuels growth in workforce collaboration and operational intelligence software.
What’s Next for TransparentBusiness?
TransparentBusiness plans to enhance its workflow automation engine, expand integrations with enterprise SaaS ecosystems, and introduce advanced AI analytics for remote workforce insights. With rising global adoption of hybrid and remote work, the company is positioned to strengthen its presence across enterprise task management, compliance monitoring, and digital operations visibility.
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