Traceable AI Raises $30M Funding

Traceable AI, a San Francisco, CA-based API security company, raised $30m in funding.

Backers included Citi Ventures – the venture arm of Citigroup, lead investor IVP, Geodesic Capital, Sorenson Capital, and Unusual Ventures.

The company intends to use the funds to charge product innovation, bolster security research initiatives, and strategically scale its sales, marketing, and channel partner programs worldwide.

Founded by serial entrepreneurs Jyoti Bansal and Sanjay Nagaraj, Traceable provides an intelligent and context-aware solution that powers complete API security, API discovery and posture management, API security testing, attack detection and threat hunting, and attack protection anywhere APIs live.

The company said they experienced a 300% year-over-year growth.