Traceable AI has secured a $30 million strategic investment from a group of investors, including Citi Ventures, IVP, Geodesic Capital, Sorenson Capital, and Unusual Ventures. This investment underscores the growing importance of API security, particularly in highly regulated industries like finance. The funds will be used to enhance product innovation, strengthen security research initiatives, and expand sales, marketing, and partner programs globally.
The company has demonstrated impressive 300% year-over-year growth, showcasing its ability to provide comprehensive API security solutions. Traceable AI’s platform delivers the necessary visibility and protection to secure thousands of API endpoints and manage over 500 billion API calls per month. This growth reflects the increasing recognition of API security as a critical challenge for enterprises across various sectors.
Traceable AI’s commitment to customer success and innovation has positioned it as a benchmark in the API security space. The company serves a diverse range of clients, including financial institutions, healthcare providers, retail giants, and global telecom providers. Their deep understanding of the unique API security challenges faced by businesses enables them to offer tailored solutions that enhance security and support business innovation.
The recent investment will accelerate Traceable AI’s growth and enable the company to continue pioneering new solutions in API security. As APIs become more central to business operations, the need for robust security measures becomes more urgent. Traceable AI’s leadership in this field ensures that organizations can innovate with confidence, knowing they are protected against the escalating risks of API attacks.
