Security News
10 Cool Tech Companies That Raised Funding In May 2022
Rick Whiting
Next-generation technology developers in identity and data protection, API security, mobile device management, machine learning development, data observability and data analytics reported new rounds of funding.
Traceable AI
Headquarters: San Francisco
CEO: Jyoti Bansal
Funding: The $60 million in Series B funding puts Traceable AI’s value at more than $450 million.
Investors: The round was led by Institutional Venture Partners (IVP) with other investors including Tiger Global Management and existing investors Unusual Ventures and Big Labs.
What the company does: Traceable AI develops API security and observability technology.
CEO Quote: “The market is massive for a company like ours. A lot of things are happening around APIs these days and it’s become ripe for attacks.”
