Trunk Tools

AI-driven incentive management software for construction

New York City, New York, United States

About Trunk Tools

Trunk Tools offers incentive management software tailored for the construction industry, featuring products like TrunkText and TrunkPerform. TrunkText uses artificial intelligence to help users quickly find project documents, while TrunkPerform enhances project performance by speeding up task completion. The company operates on a subscription-based model, providing software-as-a-service (SaaS) solutions that generate steady revenue. Trunk Tools aims to improve efficiency and productivity for construction professionals, distinguishing itself from competitors by focusing on their specific needs.

New York City, New YorkHeadquarters
2021Year Founded
$29.1MTotal Funding
SERIES_ACompany Stage
Enterprise Software, AI & Machine Learning, Financial ServicesIndustries
11-50Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Stock Options
Company Equity
401(k) Retirement Plan
Unlimited Paid Time Off
Flexible Work Hours
Professional Development Budget
Meal Benefits

Risks

Increased competition from AI-driven construction platforms could erode market share.
Slow adoption of new technologies in construction may hinder Trunk Tools' growth.
Economic uncertainty could reduce spending on new software solutions, impacting revenue.

Differentiation

Trunk Tools offers AI-driven solutions tailored for construction-specific workflows.
Their products, TrunkText and TrunkPerform, enhance efficiency and project performance.
The company focuses on fintech solutions for construction, unlike traditional banks.

Upsides

Raised $20M in Series A funding to accelerate growth and product development.
Growing demand for construction tech solutions, projected to reach $2.71 billion by 2025.
Integration of AI in construction management is gaining traction, benefiting Trunk Tools.

Funding

Total raised$29.08 M
Latest valuation$100.00 M
StageSERIES_A