TaskUs is an outsourcing company that handles content moderation for companies including Facebook and DoorDash.
It was founded by Bryce Maddock and Jaspar Weir in 2008 in Santa Monica, California.[1]
The company moved its headquarters to San Antonio, Texas in 2017, then to New Braunfels, Texas in 2018.
[2] Its revenue for the first half of 2021 was $332.9 million. The company's principal operations are in the Philippines, with about 19,000 employees (70% of their total) located there. About 4000 employees are located in the United States.[3][4][5][6]
Early funding included $15 million from Navegar, a private equity fund in the Philippines, and a $14 million loan from Bridge Bank. The Blackstone Group invested $250 million in 2018.[1][3][7]
The company had its initial public offering in June 2021; it is traded on NASDAQ as Nasdaq: TASK. Approximately 30% of the company's revenue is from providing content moderation for Facebook, and about 12% is from DoorDash.[8][9][10][11]
Other customers include Coinbase (beginning in 2017), Netflix, Zoom (beginning in 2020), Whisper, Tinder, AutoDesk, and Uber (beginning in 2013).[1][3][12]
^ abcLevy, Ari (11 June 2021). "TaskUs founders' path to Nasdaq started with high school parties and a yogurt venture in Argentina". CNBC. Retrieved 31 August 2021.
^"TaskUs files for IPO; HQ now in New Braunfels instead of California - Austin Business Journal". Austin Business Journal. 13 April 2021. Retrieved 31 August 2021.
^ abc"How Two High School Friends Turned $25,000 Into an $80 Million Business". Inc.com. June 2016. Retrieved 31 August 2021.
^"TaskUs prospectus". sec.gov. Retrieved 31 August 2021.
^"TaskUs reports more than 57% year-over-year revenue growth - San Antonio Business Journal". San Antonio Business Journal. 12 August 2021. Retrieved 31 August 2021.
^Abad, Roderick (6 October 2014). "BPO firm TaskUs to invest $25M for PH expansion". ABS-CBN.
^"TaskUs Attracts $15 Million Strategic Investment from Navegar". BusinessWire.
^"Blackstone Weighs Options for Outsourcing Firm TaskUs". Bloomberg.com. 4 February 2021. Retrieved 31 August 2021.
^"Research analyst says TaskUs is set to ride a growth wave - San Antonio Business Journal". San Antonio Business Journal. 19 April 2021. Retrieved 31 August 2021.
^"QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2021". sec.gov. Retrieved 31 August 2021.
^Satariano, Adam; Isaac, Mike (31 August 2021). "The Silent Partner Cleaning Up Facebook for $500 Million a Year". nytimes.com. Retrieved 31 August 2021.
^Lingle, Brandon (13 April 2021). "New Braunfels' tech firm TaskUs files to go public". San Antonio Express-News. Retrieved 31 August 2021.
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