Traceable AI, based in San Francisco, CA, has secured $30M in funding in the API security sector.

The round was led by IVP, with participation from Citi Ventures, Geodesic Capital, Sorenson Capital, and Unusual Ventures. These funds will drive product innovation, enhance security research, and expand global sales and marketing efforts.

Founded by Jyoti Bansal and Sanjay Nagaraj, Traceable provides comprehensive API security that includes discovery, posture management, security testing, attack detection, and threat protection.

Traceable AI has reported an impressive 300% year-over-year revenue growth, showcasing its rapid market adoption and the effectiveness of its security solutions. This funding round highlights the confidence investors have in Traceable's market position and future potential.