API security firm Traceable AI raised $60Mn funds in Series B led by Institutional Venture Partners


API security firm Traceable AI raised $60 million funds in Series B led by Institutional Venture Partners (IVP) where Tiger Global Management as well as existing investors Unusual Ventures and BIG Labs also participated.


Traceable AI covers critical API security use cases such as API discovery, sensitive data exfiltration, and detecting and blocking attacks such as account takeover, API abuse, and API fraud. Traceable AI intends to use the capital infusion to accelerate its next phase of growth by investing more in product development and research, expanding its sales and marketing teams, and increasing global sales.

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