SAN FRANCISCO, CA, Traceable AI, the API security & observability company, today announced it has raised $60 million in Series B funding.
This new funding values Traceable AI at more than $450 million. This investment round was led by Institutional Venture Partners (IVP), and other investors include Tiger Global Management and existing investors Unusual Ventures and BIG Labs. Traceable AI plans to use this round of funding to accelerate its next phase of growth by further investing in its product development and research efforts, expanding its sales and marketing teams, and expanding global sales.
Traceable protects APIs from the inside by understanding the unique business logic, user attribution, and context of each API - from development through production. With their distributed tracing technology and advanced context-based behavioral analytics, Traceable delivers modern API security to your cloud-native and API-based applications.
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