Tray.io Raises $50M in Series C Funding

Funding Rounds

▤ Summary

The round was led by Meritech Capital with participation from existing investors Spark Capital, GGV Capital, and True Ventures, who participated over their pro rata amounts. The company intends to use the funds to hire across its entire team, as well as continue investment into product development. Led by Rich Waldron, CEO and co-founder, Tray.io provides a General Automation Platform that enables citizen automators in any business role to build enterprise-class integrations and automation themselves in a low-code environment to orchestrate complex business processes, as well as an Embedded edition that enables product leaders to embed software integrations within their own products without development resources or any need for future maintenance. Engineering and IT teams use the company’s products to centralize and build out and maintain enterprise-wide integrations with minimal resources. Today, businesses such as Intercom, Segment, Outreach, VMWare, Pearson, Udemy, SAP, Arrow Electronics, Lexmark, and New Relic use Tray.io to connect, process, and automate data between the tools they use every day.

$ Funding

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Amount $50.0M Total raised
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Date November 27, 2019 Announcement date
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Investors True Ventures, Meritech Capital Partners, Spark Capital LLC Lead investors
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Company https://tray.io Funded company

▥ Classifications

industries
No industries detected
applications
Data Management

◇ AskAI Classifications

Labels
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▦ Linked Companies

Tray
$1M to $5M