Traceable AI Secures 60 Million USD for API Security Technology

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Traceable AI Secures 60 Million USD for API Security Technology

Traceable AI, a firm that develops technologies to limit API attack surfaces, has raised 60 million USD in new funding, valuing the company at 450 million USD.

Institutional Venture Partners (IVP) led the Series B round, with Tiger Global Management, Unusual Ventures, and BIG Labs also investing. Traceable AI is situated in San Francisco, California. The company’s solution aims to reduce attack surfaces in the cloud, particularly at the API level, which facilitates speedy data transfer.

API discovery, web application protection, API vulnerability detection, and API risk monitoring are all handled by Traceable AI’s platform. Traceable AI intends to use the new funding to accelerate its growth by investing more in product development and research, as well as growing its sales and marketing teams.

Read More: https://www.securityweek.com/traceable-ai-snags-60m-api-security-tech