What is Traceable?
Traceable positions itself as the industry's chosen solution and trusted advisor for security and risk management leaders, data security leaders, and software engineers. The company focuses on enabling the secure development of APIs and accelerating the software engineering process. Its offerings are designed to address the complex challenges of API security and data protection in modern enterprise environments, aiming to build better software faster and more securely.
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 Tiger Global Management, Unusual Ventures, IVP, and BIG Labs
Other Financing Round (2024): $30M led by Citi, Unusual Ventures, and Sorenson Capital
Key Investors in Traceable
Citi
Citi is a leading global financial services company providing a broad range of financial products and services, including corporate and investment banking, securities brokerage, and wealth management.
Unusual Ventures
Unusual Ventures is a venture capital firm specializing in programmatic and hands-on support for startups, offering services like workshops and a platform for marketing, sales, and recruiting assistance.
Sorenson Capital
Sorenson Capital collaborates with B2B product-first founders, focusing on cybersecurity, applications, analytics, ML, AI, DevTools, and computing infrastructure, providing technical expertise and go-to-market support.
What's next for Traceable?
With the recent major strategic investment, Traceable is poised for accelerated growth and enhanced product development. The company is likely to leverage this capital to expand its market reach, further innovate its API security and data protection solutions, and strengthen its position as a leader in the enterprise security landscape. This funding will enable Traceable to scale its operations, invest in research and development, and potentially explore new strategic partnerships to solidify its advisory role for security and risk management leaders.
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