What is Traceable?
Traceable operates at the intersection of cybersecurity and software development, positioning itself as a trusted advisor to security and risk management leaders. The company provides a comprehensive platform designed to secure APIs and facilitate the rapid, secure deployment of software. By focusing on the unique vulnerabilities inherent in modern application architectures, Traceable enables data security leaders and software engineers to maintain operational integrity without sacrificing development velocity.
The firm's market position is defined by its commitment to visibility and protection across the entire software development lifecycle. As a key player in the API security sector, Traceable addresses the critical need for automated, scalable defense mechanisms that keep pace with the rapid evolution of cloud-native applications.
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, IVP, BIG Labs, and Unusual Ventures
Other Financing Round (2024): $30M led by Sorenson Capital, Unusual Ventures, and Citigroup
Key Investors in Traceable
Tiger Global Management
Tiger Global Management is an investment firm deploying capital in both public and private markets, known for its long-term perspective on high-growth technology companies.
IVP
IVP is a Menlo Park-based later-stage venture capital firm that raises large growth funds and invests in high-growth technology companies, typically supporting them through scale-up and IPO/M&A exits.
BIG Labs
BIG Labs is a startup studio founded by former AppDynamics CEO Jyoti Bansal, focusing on creating, developing, and launching innovative ideas into successful businesses.
What's next for Traceable?
With the infusion of this latest capital, Traceable is well-positioned to accelerate its product roadmap and expand its go-to-market capabilities. The strategic focus will likely center on deepening its technical moat in API security, enhancing its threat detection algorithms, and scaling its enterprise-grade support infrastructure. As the company transitions into its next phase of growth, it is expected to leverage its strong investor network to capture a larger share of the global cybersecurity market, particularly as organizations prioritize the protection of their most critical digital assets.
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