treg Metrics 7 Oct
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treg · Investor metrics · data through 7 Oct 2026

Treg - OpenRouter for data & tooling

Agents need the outside world: people and company data, search, social, SEO. treg gives them one key to a catalog of external APIs and bills per call. Since mid-September, calls have grown more than fourfold to over 2M a day and the revenue run-rate has grown from $0.66M to $2.1M.

The biggest marketplace for agent to discover, access data & tools

The same playbook as Costco: win on price and selection first, learn more about demand than anyone, then sell your own products where the market is weak.

1

Aggregate

One account for every tool an agent needs, at vendor price with 0% markup. Customers have no reason to go direct, so volume concentrates on treg, and vendors discount it.

Today: 40M+ requests
2

Benchmark

Every call shows which provider answered, how accurately, how fast and at what cost. No vendor can see this across its competitors. It becomes routing, so agents pick the best tool per request, including tools nobody integrated.

Today: launched Enrich Arena as a first try
3

Own the gaps

The benchmark shows where vendors are expensive, inaccurate or missing. We fill those gaps with first-party data and tools, our Kirkland Signature, sold into demand we already see.

Today: our team has deep expertise here ↓
How we make money

0% markup to customers, always. Margin comes from vendor volume discounts, which grow with scale, and from first-party tools we build.

The flywheel

More usage & volume → better bulk discounts → more benchmark data & insights for first-party tools → more usage.

8 weeks from 0 to $2M+ run-rate

Seven-day average of daily revenue, annualised. Weekly revenue nearly tripled in three weeks after the launch-week spike rolled off: +49%, +69%, then +12% in the last full week, to $35.4k. The seven days to 7 Oct reached $40.6k, a $2.1M run-rate, including a record $9.8k day.

Annualised run-rate (USD), 7-day trailing average

2M+ daily requests, 40M+ cumulated

Daily calls went from under 10k in mid-August to 3.09M on 7 Oct. The 1 Sep launch lifted usage to about 600k a day, and it has grown about fivefold since. Calls rose 48% in the last seven days.

Calls per day

Full PLG motion, with no sales team

Every company here found treg on its own, signed up and paid with its own card. There were no sales calls, pilots or contracts. The people using it are the ones who own growth: sales teams, GTM engineers and founders, including the CEOs of Appsmith, Relevance AI and Wordware.

Paraform
Recruiting marketplace
$65M raised · Scale VP, Felicis
115k calls through treg
Unframe
Custom AI for enterprises
$100M raised · Highland, Bessemer
220k calls through treg
Immutable
Blockchain platform for games
Valued $2.5B (2022)
12k calls through treg
Exaforce
AI agents that stop cyberattacks
Valued $725M (2026)
9k calls through treg
Relevance AI
AI agent platform
$37M raised · Bessemer, Insight
13k calls through treg
Krea
AI image and video tools
Valued ~$500M (2025)
4k calls through treg
Appsmith
Internal app builder
$51M raised · Insight, Accel
100k calls through treg
PushOwl
Shopify marketing app, part of Brevo
Brevo valued $1B+ (2025)
158k calls through treg
Morning Brew
Business news media, Axel Springer
Owned by Axel Springer
17k calls through treg

+ 2,787 more paying teams

Company figures are the latest publicly reported; older valuations show their year. Calls are all-time through 28 Sep.

GTM: Horizontal marketplace, vertical launches

Instead of one big launch, we ship treg into a new go-to-market job every week or so. Each post walks through a full workflow, with the price per call and the open-source code behind it, so it doubles as a tutorial. Most people first find treg this way.

Swipe for more →

Eight more launches have followed, from Enrich Arena to a Clay rebuild for agents. Together, posts about treg have reached 3.9M views on X since 11 Aug.

Community organic sharing

Unprompted posts from people showing the workflows they built on treg.

Swipe for more →

1 in 7 sign-ups pays, most on day one

Signups are people. Everything after that is counted per team, because a team holds the balance and makes the calls. 39% of all signups are teams still calling ten or more times a month.

Signup to payment, by stage

64% of signups reach a real call, and 56% of paying teams paid within 24 hours of signing up (median 14 hours).

60% revenue from repeat purchases

Returning payers brought in 60% of last week's revenue. Auto-recharge, where a team's balance refills itself, more than doubled its share of revenue in three weeks, to 24%.

Weekly revenue, first purchase vs repeat

First purchaseRepeat purchaseAuto-recharge share (right axis)

Is the revenue whale-based?

No. It is a normal usage power law with no single-customer risk. The largest customer is 2.8% of revenue, and the top tenth of payers carries about half. That is the shape healthy usage-based pricing produces, not a handful of accounts holding the company up.

Share of revenue held by the top N% of payers

Actual concentrationPerfectly even spend

The bottom half of payers still contributes 11% of revenue, and the top 10 customers together hold 11.9%.

Land with one job, expand into many

Most teams come for one job, usually finding leads, and 47% now use two or more. Every empty search and tool request shows us what agents want next. When we add it, existing customers adopt it within weeks.

Where teams start

First job each team used treg for, across the 11,581 teams with 10+ calls.

People & company data27% now use 2+ jobs
59%
Social & creators75% now use 2+ jobs
17%
SEO & AI search75% now use 2+ jobs
15%
Web search & fetch81% now use 2+ jobs
7%
Image, video & voice50% now use 2+ jobs
1%
Ads intelligence87% now use 2+ jobs
<1%

25% of these teams use three or more jobs.

The data flywheel

1
More usageAgents make more calls
2
Demand signalsRequests and empty searches show the gaps
Every callis demand data
4
Cross-adoptionExisting teams take up the new job
3
New vendorsWe add what agents ask for
→↓←↑
78%of the 3,535 teams using web search & fetch first came for something else
85%of the 1,119 teams using image, video & voice first came for something else

The flywheel at workTwo jobs we added because agents kept asking for them, and what happened next:

Web search & fetch
1
Demand showed up first. Empty catalog searches for web search and scraping went from 162 to 1,800 a week (mid-Aug to early Sep), and teams filed Firecrawl by name 10 times before it was listed.
2
We added 17 vendors in three weeks, from 4 to 21.
3
Usage grew 20× in three weeks. Calls a day, weekly average:
13k14 Sep
54k21 Sep
147k28 Sep
254k5 Oct*
Image, video & voice
1
Demand showed up first. Teams asked for text-to-image, Midjourney, GPT Image and lip-sync video from 21 Aug, and empty searches for image and video went from 76 to 362 a week.
2
We added Seedance video on 14 Sep, then voice and Gemini models.
3
Generation jobs grew 96× in three weeks. Image and video jobs a week:
2067 Sep
4.4k14 Sep
9.7k21 Sep
20k28 Sep

Calls and jobs exclude refused requests. *Week of 5 Oct is Monday to Wednesday. Highlighted logos are vendors added after the demand appeared.

Competitors: ~4× the leading aggregator, neutral above vertical SaaS

Two groups compete for the same agent spend. Among other aggregators, treg carries about 4× the daily traffic of Monid, the only one that publishes its numbers. Single-vendor SaaS tools become suppliers on treg, not substitutes for it.

1 · Agent data and tool aggregators

Same model as treg: one key, one balance, many APIs. Competitor figures are their own public claims.

CompanyTrafficBacking
treg2M+ requests/day—
Monid~0.5M/day (their team, Discord, Oct)our estimate from their public chart: ~12M in Sep vs treg 25M$7.7M raised
OrthogonalNot disclosed$4.3M seed (Pantera), YC
AIsaNot disclosed$6.5M (Alibaba, Tribe)
LocusNot disclosedYC F25

2 · Vertical SaaS: Clay, Apollo, Ahrefs, Semrush, Profound

Each of them is one vendor. treg aggregates all the vendors in a category and learns from every call which one is best, so agents get better results at a fraction of the cost.

Enrichment · people and company data

Vertical SaaS

ClayApollo

Clay resells a sales-data waterfall at a credit markup; Apollo sells its own database.

vs

treg · 40 vendors integrated

ContactOutLeadMagicFindymailHunterProspeoLushaPeople Data LabsCrustdataCoresignalFiber AIAI ArkWizaIcypeasTombaDatagmaAviatoEnrichLayerLimadataLeadsforgeQuickEnrichKittDropleadsGetLeadsHarvestAPIMoltsetsSumblePredictLeadsCrunchbaseCompanyEnrichThe Companies APIOcean.ioOpenmartDiffbotBrand.devAktaTrestleScrubbyMillionVerifierZeroBounceBounceBan

Every call is scored, so each lookup goes to the vendor that is most accurate and cheapest for that input.

People data · find a work email or phone

Most correct emails, at 85% less than Clay

Same leads sent to every tool, name and domain in, graded against the address each person publishes (100 leads, Oct 2026).

Correct email found, of 100

treg92
Clay84
Hunter84
Deepline80
Apollo77

Cost per correct email

treg$0.0058
Hunter$0.0263
Apollo$0.0290
Deepline$0.0340
Clay$0.0377

Then on 100 random real customer requests, each tool given exactly what the customer sent:

Deliverable emails found, of 100

treg36
Apollo24
Clay20
Deepline13

Phone numbers found, of 30

treg19
RocketReach14
Apollo13
Clay13

Competitor costs at list price on the day. Differences of a few rows are within noise; the cost gap is not.

The same playbook in every other category:

SEO

Vertical SaaS

AhrefsSemrush

Each sells its own index behind a monthly plan.

vs

treg · 10 vendors integrated

SemrushDataForSEOMozSE RankingSerpstatSpyFuMajesticSerpApiSerperSearch Console

Semrush is one of our vendors. Agents pay per call and get whichever index answers best.

AEO · AI search visibility

Vertical SaaS

Profound

One dashboard, sold by annual contract.

vs

treg · 4 vendors integrated

cloroDataForSEOSerpApiJustOneAPI

Raw answers from ChatGPT, Perplexity, Gemini and Google AI Overviews, per call.

The most founder-market-fit team

A founder who grows developer products for a living, and engineers who built the tools agents already depend on. treg sits at the edge of what the most advanced builders use, and it grows through product-led adoption. That is exactly this team's skill set.

Hyper-PLG growth for AI builders is his craft. His audience is the builders treg sells to.

Helped grow developer adoption for
FirecrawlTinyFishDaytonaOrca
Before treg
Head of Product & AI, Relevance AI
UncleCodeAuthor of Crawl4AI, the largest open-source Firecrawl alternative

One of the best web-scraping engineers anywhere. Leads first-party data for step 3 and keeps treg credible in open source.

TimEx-ByteDance AI · author of DeerFlow, the largest open-source Manus alternative

Led AIGC product at ByteDance. Knows what agents need from tools because he built one of the most-used agent frameworks.

WenhaiEx-ByteDance, ex-Alipay
AlipayByteDance

Solved Alipay's payment-scale concurrency. treg's hardest scaling problem is the same one: billions of metered calls, each with money attached.

TausEx-aiseo.com
aiseo.com · 1M+ users at peak

Has already scaled an AI product to a million users.