Company Overview
Snapshot
Founded in April 2019 by Omri Sorek and Ofer Simon, Trusstor operates with 11–50 employees. The company has secured funding across two rounds from five investors, with State of Mind Ventures leading one of the rounds. In March 2022, Trusstor announced a strategic partnership for construction development in Dubai.
Business overview
Trusstor develops an AI-based construction management system that leverages real-time location and site condition sensors to provide a clear and up-to-date view of project status. The company's core technology utilizes unique IoT devices that operate without external power or communication networks, offering a plug-and-play solution for data gathering. Trusstor serves the construction industry by delivering insights, alerts, and resource locations through an intuitive real-time dashboard, aiming to enhance safety and productivity on construction sites. The company operates within the Industrial Technologies sector, focusing on process automation, intelligence systems, and AI/Machine Learning applications for real estate and construction development.
Strategic signal
In March 2022, Trusstor announced a significant partnership for construction development in Dubai. This collaboration signals the company's strategic expansion into key international markets, validating its technology's applicability beyond its domestic operations. For investors, this move demonstrates Trusstor's ability to secure large-scale commercial engagements and indicates a potential for accelerated growth and market penetration in the Middle East's rapidly developing construction sector.
Log in to access full profile ›Company Intelligence Q&A
- When was Trusstor founded?
- Trusstor was founded in April 2019 by Omri Sorek and Ofer Simon.
- What is Trusstor's primary focus?
- Trusstor focuses on providing an AI-based construction management system that uses real-time location and site condition sensors to improve safety and productivity on construction sites.
- Which investors participated in Trusstor's August 2021 funding round?
- In August 2021, Trusstor received funding from State of Mind Ventures and Alex Oppenheimer.
- What significant partnership did Trusstor announce in March 2022?
- In March 2022, Trusstor announced a partnership for construction development in Dubai, United Arab Emirates.
- Which investor participated in Trusstor's October 2020 funding round?
- In October 2020, BuiltUp Ventures (BUV) invested in Trusstor, as reported by Finsmes.com.