Trax
High-tech SaaS platform for managing grocery retail
Analytics date: 28.10.2026
Basic information
Head office
SingaporeHead officeGeography of business
China- Japan
- Russia
- United States of America
Geography of businessDate of the last round
Last round 11/2023Date of the last roundTotal funds raised
$1.1B+Total funds raisedPrice per share
$59Price per sharePrice per share. Based on the latest known transaction. It is not an offer or investment recommendation.
Analytics date: 28.10.2026
IPO forecast
02/2026. Rather than going public, the non-China Image Recognition (IR) business exited via M&A — the Gemspring Capital affiliate acquired and merged it with FORM. So Trax's liquidity event was a private-equity change-of-control, not an IPO.
At the start of 2022, Trax was targeting a $3–3.5B IPO on Nasdaq and actively preparing to go public. However, the IPO was postponed due to unfavorable market conditions.
Request price
Est. IPO date
Valuation * https://www.calcalistech.com/ctech/articles/0,7340,L-3928955,00.html | $ 3.5B |
Competitor Analysis
Comparison with other companies in the industry.
| Name | Valuation |
| Private companies | |
Yotpo | 000 |
Wunderkind | 00000 |
Coralogix | 0000 |
Snyk | 00 |
Cohere | 00000 |
| Traded companies | |
FiscalNote | 0000 |
Asana | 00000 |
Trimble | 00 |
Fabasoft AG | 00 |
flatexDEGIRO AG | 000 |