Trace

Trace (YC S25) is an AI agent orchestration company that raised a $3M seed round in February 2026 from Y Combinator, Zeno Ventures, and Transpose Platform Management. The company builds the context layer that AI agents need to perform real, production-grade work beyond proof-of-concept demos. By providing the orchestration infrastructure that connects AI agents to the information and systems they need, Trace aims to solve the AI agent adoption problem — the gap between impressive demos and reliable enterprise deployments. The platform enables organizations to make AI agents genuinely useful by ensuring they have accurate, up-to-date context about workflows, data, and business processes.