About
Trumid operates one of the three largest electronic credit trading platforms in the US. Hit $1T+ traded volume in 2024. Over 1,400 traders from ~1,000 institutions trade IG, HY, distressed, and EM bonds on the platform. Q3 2024 ADV up 68% YoY with 25% market share gain. Raised $722M+ total including $208M Series E (2021) at $2.4B valuation from Motive Partners, Senator, TPG, BlackRock, and T. Rowe Price. Modernizing voice-based credit markets.
Key Facts
- [1]Founded: Founded in 2014 in New York, United States.
- [2]Funding: Total funding: $722M. Last round: Dec 2020. Stage: Late Stage.
- [3]Customers: Key customers include BlackRock, PIMCO.
- [4]Employees: Employee count: 201-500.
- [5]Website: Official website: trumid.com.
- [6]AI Technology: Core AI/ML technologies: Reinforcement Learning.
- [7]Region: Region: Americas (United States).
Founder
Ronnie Mateo
Founder & CEO
Key Customers & Partners
AI Technology
Reinforcement Learning
Reinforcement learning for trading and portfolio optimization
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Trumid?
Trumid operates one of the three largest electronic credit trading platforms in the US. Hit $1T+ traded volume in 2024. Over 1,400 traders from ~1,000 institutions trade IG, HY, distressed, and EM bonds on the platform. Q3 2024 ADV up 68% YoY with 25% market share gain. Raised $722M+ total including $208M Series E (2021) at $2.4B valuation from Motive Partners, Senator, TPG, BlackRock, and T. Rowe Price. Modernizing voice-based credit markets. Trumid is classified in the Trading & Markets segment at the Automation layer of the financial AI stack.
Who founded Trumid?
Trumid was founded by Ronnie Mateo (Founder & CEO) in 2014 in New York, United States. The company has been operating for 12 years.
How much funding has Trumid raised?
Trumid has raised $722M in total funding, placing the company at the Late Stage stage. The most recent round closed in Dec 2020. Among 29 funded Trading & Markets companies, Trumid ranks #7 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Trumid use?
Trumid primarily leverages Reinforcement Learning technology. Reinforcement learning for trading and portfolio optimization. Within the Trading & Markets segment, 17 companies use this technology.
What market segment does Trumid operate in?
Trumid operates in the Trading & Markets market segment. AI-powered trading and markets companies are transforming how financial instruments are bought, sold, and priced across global exchanges. These companies apply machine learning to algorithmic trading, market making, order execution, and quantitative strategy development.
Where is Trumid headquartered?
Trumid is headquartered in New York, United States. The company operates in the Americas region. The team consists of 201-500 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Trumid's competitors?
Companies similar to Trumid in the Trading & Markets space include Greenlite ($20M raised), QuantConnect ($2M raised), Composer ($17M raised), Trade Ideas, Tickeron ($10M raised). These companies operate in related areas of financial AI: Greenlite focuses on ai agents that accelerate aml reviews. QuantConnect focuses on open-source algorithmic trading platform. Composer focuses on ai trading strategy builder without code. (Based on AIFI Map classification data.)
What products does Trumid offer?
Trumid builds automation-layer solutions for the financial services industry. The company's core offering: AI-powered fixed income trading platform. The platform is powered by Reinforcement Learning technology. Notable users include BlackRock, PIMCO.