Traceable AI offers a platform to secure cloud-native applications, APIs, and web applications. The platform provides end-to-end protection, helping developers detect code-level security issues and vulnerabilities during the development of cloud-native applications. The platform also provides protection during runtime through insights and behavioral analytics on usage activities derived using its proprietary machine learning technology, “TraceAI.” Additionally, Traceable’s platform allows enterprises to inventory all of their APIs, detect threats, and apply API security best practices.
As of May 2022, Traceable AI had an employee headcount of 85, and it intends to expand this to 400 to 500 within 2025. The company has a number of paying customers, including Informatica, Bullish, Digital Ocean, Zolve, and Houwzer.
In May 2022, the company raised USD 60 million in a Series B funding round led by Institutional Venture Partners (IVP). The round valued the company at more than USD 450 million. The funds were expected to be utilized to accelerate its growth by further investing in R&D, expanding sales and marketing headcount, and increasing global sales.
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