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TrueState

B2B SaaS platform enabling enterprise adoption of AI

Backed by

AirTree VenturesAirTree Ventures
Imprint Capital PartnersImprint Capital Partners
Galileo VenturesGalileo Ventures
Side Stage VenturesSide Stage Ventures

Raised 1.5M EQUITY on June 18, 2024

About

TrueState provides a no-code platform of AI application templates that connect to operational data, enabling non-technical teams to build predictive maintenance, churn prevention, forecasting, and optimization use cases.

Mission

TrueState offers a platform of AI application templates that integrate with customers' operational data to support use cases such as predicting machinery failure and recommending next-best-actions to prevent customer churn. Its templates and simple interface let non-technical teams build and configure AI use cases—like supply and demand forecasts and optimizing inventory and cashflow—without lengthy engineering projects. The company aims to enable businesses to deliver reliable, high-impact AI applications in a matter of days rather than the six to twelve months typical today. TrueState positions itself as an alternative to costly consultancy-led builds and a tangle of third-party AI tools that it says deliver more hype than impact. Founder Will Ashford has framed the company's mission around helping winners harness the right AI tools to deliver commercial value ahead of competitors. TrueState recently raised $1.5 million to accelerate this work.

Quick Facts

Founded

2023

Funding

EQUITY

Industry

Artificial Intelligence (AI), B2B, SaaS

Team Size

1-10

Headquarters

Sydney, New South Wales, Australia