AI-driven HR start-up TraqCheck raises funding at $17 mn valuation

AI enterprise start-up TraqCheck has raised a bridge funding round at a valuation of $17 million, as it looks to scale its human resource technology products and strengthen its global footprint.

Angel investors Alok Oberoi, chairman of Everstone Capital, and Siddharth Mehta, founder of Bay Capital, led the round, with Bay Capital adviser Sivaramakrishnan S Iyer also participating, the company said in a statement, according to BW Disrupt.

TraqCheck, founded by Jaibir Nihal Singh, Armaan Mehta and Rishabh Jain, builds AI-driven enterprise tools on deterministic large language model frameworks. Its flagship product — an AI-powered background verification agent — has been scaled across India and recently rolled out in Europe, the Economic Times reported.

The fresh capital will be used to accelerate adoption of the verification platform, develop new AI tools for enterprise HR, and expand hiring in product, engineering and growth roles across India and Europe, Inc42 noted.

Currently, TraqCheck’s solutions are deployed by more than 200 companies across banking, staffing, healthcare and the gig economy. The firm has reported strong growth, with expectations to triple revenue this year, Entrackr said. Its previous funding round valued the business at $14 million; the new round lifts that figure to $17 million.

Co-founder Jaibir Nihal Singh said the company’s mission was to “redefine how enterprises approach HR operations” by embedding AI into resource-heavy processes. “We are building for scale from day one, ensuring our solutions work seamlessly across geographies and sectors,” he said, as quoted by YourStory.

Investor Siddharth Mehta added that TraqCheck had shown “both product strength and market fit” in a sector primed for disruption. “Background verification and HR automation are ripe for change through AI, and TraqCheck has positioned itself well to lead this transition,” he said.

The funding comes at a time of broader enthusiasm for AI-driven enterprise software. Consulting firms such as McKinsey have identified HR functions — from recruitment to compliance — as key areas where automation can unlock efficiencies.

In Europe, data protection laws are expected to test the firm’s expansion. TraqCheck said it was investing in compliance frameworks to address rules such as the General Data Protection Regulation, which governs employee data handling.

With this latest round, TraqCheck aims to cement its position as a global player in enterprise HR technology. The company said it plans to expand beyond background verification into a suite of AI tools addressing talent acquisition, compliance and workforce management.