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Trase

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Enterprise AI agent platform for regulated industries

McLean, United StatesFounded 2023AI
Valuation $500M–1B Last recorded · 2026
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
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About Trase

Trase Systems provides an agentic AI platform that deploys and operationalizes autonomous AI agents to automate complex administrative workflows, particularly within highly regulated industries. The company was co-founded by CEO Grant Verstandig and Chief Architect Joe Laws and emerged from stealth in 2025. It was incubated at Red Cell Partners, a venture studio also founded by Verstandig that focuses on technology companies in healthcare, cyber, and national security.

The development of Trase's platform began in September 2024, coinciding with a $10.5 million pre-seed funding round from Red Cell and the Virginia Innovation Partnership Corporation's (VIPC) Virginia Venture Partners. Co-founder Grant Verstandig is a serial entrepreneur who previously founded Rally Health, a digital health company acquired by UnitedHealth Group, where he then served as Chief Digital Officer. He has also co-founded other technology firms like Epirus and DEFCON AI. Co-founder Joe Laws has a background as a principal engineer at Reddit, Dropbox, and Google, and previously served as an Infantry officer in the US Army.

Trase's core offering is an end-to-end platform for building, managing, and orchestrating AI agents that can handle manual, repetitive tasks. The platform is model-agnostic and designed to be deployed across various environments, including cloud (AWS, Azure, GCP), on-premise systems, and secure air-gapped networks, ensuring data remains within the client's control. Key features include an agent builder, multi-agent orchestration, human-in-the-loop review interfaces, and an integration layer for connecting with systems like EHRs and ERPs. The company emphasizes security and compliance, with its platform being HIPAA compliant, SOC 2 Type I attested, and DoD ready.

The company's business model is based on shared savings, where clients are billed based on measurable outcomes and efficiencies delivered by the AI agents, rather than an upfront service fee. This model is intended to lower the barrier to AI adoption for enterprises. Trase's initial focus is on the healthcare, national security, and energy sectors. For healthcare, its agents automate tasks like prescription refills, patient-provider matching, and email/fax routing. Current clients include Duke Health, where its technology has been used to streamline prescription refills, and a contract with the U.S. Department of the Navy.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2023
Headquarters
McLean, United States
Employees
54
Open positions
2
Dealroom signal
58.9/100
Industry
Enterprise Software
Sector
AI, Core AI, Generative AI, MLops, genAI Applications
Technology
Artificial Intelligence
Business model
SaaS
Client focus
b2b

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SEEDOther financing Jun 2026 $107M $428M Red Cell Partners · ARCH Venture Partners ↗
SEEDOther financing Nov 2025 $11M $42M Red Cell Partners · Virginia Innovation Partnership Corporation ↗
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Growth signals

Trase website traffic

Latest recorded traffic for Trase is 8.6K monthly website visits, up 290.9% over the last three months. Trase's team grew 74.2% over the past year.

Latest monthly visits8.6K 3-month web change+290.9% 1-year team growth+74.2%
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed3 investors entered at this stage

Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · McLean HQ
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Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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