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ThoughtTrace is a Houston-based software company providing customers a significant competitive advantage using Artificial Intelligence (AI) and machine learning to streamline categorization, review, and analysis of contracts and agreements.
Our cloud-based AI platform reads, interprets, and extracts critical provisions and data elements at the intent, or thought level, providing businesses the ability to apply context to content, replace ambiguity with clarity, and provide understanding even in the absence of structure.
Our Mission is to empower people and companies to greater insight and creativity through better access to their most challenging information.
Our cloud-based AI platform reads, interprets, and extracts critical provisions and data elements at the intent, or thought level, providing businesses the ability to apply context to content, replace ambiguity with clarity, and provide understanding even in the absence of structure.
Our Mission is to empower people and companies to greater insight and creativity through better access to their most challenging information.
Overview
Location
United States, Texas, Houston
Employees
51-200
Phone
+1 281-587-2400
Total raised
$10M
Founded date
2017
Funding Rounds 1
| Date | Series | Amount | Investors |
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Mentions in press and media 7
| Date | Title | Description |
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| Oct 21, 2020 | Energy Jobs: Audrey Lee is director at $250M SPAC ArcLight, plus SunPower, Primergy Solar, 8minute and more | Audrey Lee, previously with Sunrun and currently the co-chair of Clean Energy for Biden, is now the director of the board of ArcLight Clean Transition Corp., a $250 million SPAC focused on opportunities in the transition toward sustainable ... |
| May 26, 2020 | Houston startup raises $10M, A&M names TMC campus, and more innovation news | Houston's innovation ecosystem has been booming with news, and it's likely some might have fallen through the cracks. From a Texas university naming its burgeoning new campus to a Houston SaaS startup with fresh funds, here are some short s... |
| May 20, 2020 | ThoughtTrace Raises $10M from a Syndicate of Investors | ThoughtTrace, Inc., a leading Document Intelligence and Contract Analytics software provider, announced today that it has closed a $10 million financing led by McRock Capital, along with Chevron Technology Ventures and existing investor, Al... |
| May 20, 2020 | ThoughtTrace Snares $10M Financing Round | HOUSTON, TX, ThoughtTrace announced today that it has closed a $10 million financing led by McRock Capital. >> Click here for more funding data on ThoughtTrace >> To export ThoughtTrace funding data to PDF and Excel, click h... |
| May 20, 2020 | ThoughtTrace Closes $10M Financing Round | ThoughtTrace, a Houston-based Document Intelligence and Contract Analytics software provider, closed a $10m financing. The round was led by McRock Capital, with participation from Chevron Technology Ventures and existing investor Altira Gro... |
| Mar 15, 2019 | These two Houston software companies are making contracts less cumbersome for oil and gas companies | The biggest asset of most oil and gas companies is their leasehold: the contracts or deeds that give the company the right to either drill wells and produce oil and gas on someone else's land, or give them title to that land outright. A typ... |
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FAQ about ThoughtTrace
When was ThoughtTrace founded?
ThoughtTrace was founded in 2017.
How much funding has ThoughtTrace raised?
ThoughtTrace has raised $10M in total across 1 funding round.
What has the press written about ThoughtTrace?
Parsers VC has collected 7 articles mentioning ThoughtTrace, among them “Energy Jobs: Audrey Lee is director at $250M SPAC ArcLight, plus SunPower, Primergy Solar, 8minute and more” (Oct 21, 2020) and “Houston startup raises $10M, A&M names TMC campus, and more innovation news” (May 26, 2020).
Is ThoughtTrace still active?
Yes, ThoughtTrace is active; its latest activity on Parsers VC dates from Nov 2, 2020.