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AZ Tech Beat | May 24, 2017

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Startup Traklight raises $350K from east coast angels

Startup Traklight raises $350K from east coast angels
Tishin Donkersley

It’s your baby, you develop it, market it, and are building your customer base, and you don’t want someone stealing it-but how do you protect your intellectual property on a bootstrap budget? Startup Traklight, a self-guided, cloud-based, software platform that creates your custom intellectual property (IP) strategy, aims to help other founders from losing their ideas.

The Traklight team has been working diligently over the last year to improve the product and are on track to double their revenue in 2014. Today they announced a raise of $350K led by investors within the Astia Angels group. Astia, located in San Francisco and New York, is a group of investors that focus on women-based, high-growth companies, such a LearnVest.

Related: LearnVest raises $72M and brings more jobs to AZ

Mary Juetten, founder Traklight, said what attracted her to Astia was the female-friendly environment and experience with software companies.

Mary Juetten tells AZTB the money will be used for, sales and marketing, growing her team and expanding out of incubator CEI to a larger space.

“We have brought on several new employees over the summer in development and will continue to hire this fall, including interns from ASU for marketing, customer support, and development quality assurance,” she said.

Since our last report, Traklight has added two new Vaults to their IP Vault storage platform with two pricing levels, developing partnerships with large software companies, and continue to mentor founders on protecting their business. “We continue to refine our website to educate entrepreneurs on the necessity of identifying and protecting IP,” she said.

Read more coverage of Traklight at AZTB