AI enterprise startup TraqCheck raises $8 M Series A funding from IvyCap Ventures

IIFL participated in the $8 million Series A funding round led by IvyCap Ventures for TraqCheck, an AI enterprise startup that specializes in HR systems.

The money raised will be used to scale go-to-market initiatives across enterprise clients, improve its AI agent offerings, and expand in Europe.

TraqCheck, which was founded by Armaan Mehta and Jaibir Nihal Singh, is developing AI agents to automate hiring processes, such as background checks, screening, and talent sourcing.

The startup provides products like Nina, a conversational sourcing agent that finds and qualifies candidates, and Trace, an automated background verification agent.

According to TraqCheck, its platform is used by almost 300 business clients in Europe and India.

Angel investors like Peyush Bansal and Alok Oberoi contributed money to TraqCheck back in September of last year.