What is Traceable?
Traceable is positioned as an industry-leading solution and trusted advisor for security and risk management leaders, data security specialists, and software engineers. The company focuses on enabling the development of more secure APIs and accelerating the software development lifecycle. Its core mission revolves around providing robust security solutions that integrate seamlessly into development workflows, addressing the critical need for enhanced API security and faster, safer software creation in today's complex digital landscape.
How much funding has Traceable raised?
Traceable has raised a total of $90M across 2 funding rounds:
Series B
$60M
Other Financing Round
$30M
Series B (2022): $60M with participation from IVP, BIG Labs, Tiger Global Management, and Unusual Ventures
Other Financing Round (2024): $30M led by Sorenson Capital, Unusual Ventures, and Citigroup
Key Investors in Traceable
Sorenson Capital
Sorenson Capital is a venture capital firm that partners with B2B product-first founders, specializing in cybersecurity, applications, and AI. They provide technical expertise and strategic support to help companies achieve high growth rates efficiently from seed to scale.
Unusual Ventures
Unusual Ventures is a venture capital firm offering programmatic and hands-on services, including workshops and a platform for marketing, sales, and recruiting support, to help portfolio companies grow.
Citigroup
Citigroup is a global financial services company providing a wide array of financial products and services, including investment banking, to individuals, corporations, and institutions worldwide.
What's next for Traceable?
The substantial enterprise-level funding Traceable has garnered, particularly the recent strategic investment, suggests the company is poised for significant expansion and market penetration. This capital infusion will likely fuel further product development, bolster sales and marketing efforts, and potentially support strategic acquisitions. Traceable's focus on API security and developer enablement places it in a high-growth segment of the cybersecurity market, positioning it for continued success and innovation as it aims to solidify its role as a key player in securing modern software applications.
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