Who founded Tractiontechnology?

Tractiontechnology was founded by Erick Schonfeld, Neal Silverman in 2015.

Who are Tractiontechnology's investors?

Tractiontechnology's investors include Neer Venture Partners.

How much funding has Tractiontechnology raised?

Tractiontechnology has disclosed $1.6M raised across 3 rounds.

Where is Tractiontechnology headquartered?

Tractiontechnology is headquartered in New York, US.

Tractiontechnology

New York, US · Founded 2015 · 1 known investors

Find your way into Tractiontechnology

419 people in our graph share verified history with the Tractiontechnology team — schools, employers, funds. One of them is your warm intro.

Alex Dunsdonunlockedknows Erick Schonfeld · together at Touchcast (overlapped)

×7knows the team · via CMGI

×3knows the team · via Fast Company

knows the team · via Touchcast

Traction Technology offers an end-to-end innovation management platform, powered by its Traction AI, that helps enterprises discover, evaluate, and manage new ideas, emerging technologies, and outside vendors. The platform provides AI-driven insights and customizable workflows aimed at reducing wasted time and cost in enterprise innovation processes.

AI & Machine Learning Enterprise Software SaaS

Founders & leadership

Tractiontechnology was founded in 2015 by Erick Schonfeld and Neal Silverman.

Erick Schonfeld President and Co-FounderErick Schonfeld is co-founder and president of Traction Technology, an innovation management platform for enterprises. He previously co-founded TouchCast, a video communications platform, and served as editor-in-chief of TechCrunch starting in 2007, before which he held editorial roles at Business 2.0 magazine and Fortune.

Neal Silverman Co-founder · Chief Executive OfficerNeal Silverman is cofounder and manager of Traction Technology. He has over 20 years of experience in sales, marketing, and operations leadership across technology and business sectors, with expertise in product development, international business, and event management.

Investors · 1

Neer Venture Partnerslisted by Neer Venture Partners$100K – $500K

Reported raises · per SEC filings

Form D private placements

$1.6M disclosed across 3 rounds · 2016–2020

▶$275KraisedNov 2020 · 2 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Erick SchonfeldExecutive Officer, Director
Neal SilvermanExecutive Officer, Director

Offering amount: $1M
Amount sold: $275K
First sale: Nov 2020
Incorporated: Limited Liability Company, New York, 2015
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$875KraisedNov 2018 · 11 investors · Other

Rule 506(b)

Officers, directors & promoters on the filing

Neal SilvermanExecutive Officer, Director
Erick SchonfeldExecutive Officer, Director

Offering amount: $1.5M
Amount sold: $875K
First sale: Nov 2018
Incorporated: Corporation, New York, 2015
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$500KraisedSep 2017 · 8 investors · Other

Rule 506(b)

Officers, directors & promoters on the filing

Erick SchonfeldExecutive Officer, Director
Neal SilvermanExecutive Officer, Director

Offering amount: $1M
Amount sold: $500K
First sale: Aug 2016
Incorporated: Limited Liability Company, Delaware, 2015
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Founder mafia

2 people who came through Tractiontechnology went on to found or lead other companies.

Erick SchonfeldCofounder and ManagerFounded Touchcast Eddie CzechGM/VP + Founding TeamFounded Indie Health

Competitors · 4

by search overlap

Qmarkets77 shared keywordsQmarkets provides an end-to-end innovation management platform, offering a suite of SaaS products along with customer success support and partner services to help enterprises manage the innovation funnel from idea capture to implementation. Founded in 2007, it serves large organizations across more than 30 countries.

ITONICS71 shared keywordsITONICS provides an innovation management software platform that helps organizations identify emerging technologies and trends, and convert them into growth strategies. The platform connects foresight, ideation, and portfolio execution for enterprise customers in R&D, manufacturing, and product innovation.

Vendr62 shared keywordsVendr provides a SaaS pricing intelligence platform and AI-powered negotiation tools for procurement, finance, and IT teams to benchmark software costs and reduce overpayment. The company aggregates transaction data from thousands of SaaS purchases to deliver data-driven negotiation strategies and autonomous contract negotiation capabilities.

Netezza59 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.

Companies competing with Tractiontechnology for the same Google search keywords, organic and paid, via search-intersection analysis.

Frequently asked questions

What does Tractiontechnology do?: Traction Technology offers an end-to-end innovation management platform, powered by its Traction AI, that helps enterprises discover, evaluate, and manage new ideas, emerging technologies, and outside vendors. The platform provides AI-driven insights and customizable workflows aimed at reducing wasted time and cost in enterprise innovation processes.
Who founded Tractiontechnology?: Tractiontechnology was founded by Erick Schonfeld, Neal Silverman in 2015.
Who are Tractiontechnology's investors?: Tractiontechnology's investors include Neer Venture Partners.
How much funding has Tractiontechnology raised?: Tractiontechnology has disclosed $1.6M raised across 3 rounds.
Where is Tractiontechnology headquartered?: Tractiontechnology is headquartered in New York, US.