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Traceable AI secured $30M in a strategic investment round led by Citi Ventures and IVP to enhance API security solutions.

PRIVATEMay 01, 2024about 2 years ago

Amount Raised

$30 Million

Chennai

Investors

Unusual VenturesSorenson CapitalGeodesic CapitalIvpCiti Ventures

Description

Traceable AI announced a $30 million strategic investment round from investors including Citi Ventures, IVP, Geodesic Capital, Sorenson Capital, and Unusual Ventures, highlighting the recognition of API security as a critical challenge for enterprises.

Company Information

Company

Traceable AI

Location

Chennai, Tamil Nadu, India

About

The application programming interface (API) security and observability company said the new funding round values it at more than $450 million. Traceable AI plans to use the capital infusion 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, the company said.

Predictive Intelligence
Strategic

ML-powered predictions for Traceable AI's next move

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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