Suffolk Technologies, the venture capital affiliate of Suffolk Construction, led the seed round with support from Bloomberg Beta and Y Combinator. The new funding will fuel product development, team expansion, and scaling efforts to meet the market demand.

Trayd is a construction payroll and compliance software designed for specialty contractors. The all-in-one back-office platform offers payroll, scheduling, field tracking, HR, and accounting tools. Led by co-founders Anna Berger (CEO) and Cara Kessler (CTO), the team has a shared goal of simplifying payroll processing and compliance management for the next generation of builders. Trayd has been recognized as a Top Risk Management Tool for Construction by AEC+TECH and is listed on BCV's Top 50 Vertical SaaS Platforms for 2024.