CIQ launched fully supported, upstream stable kernels for Rocky Linux via the CIQ Enterprise Linux Platform, providing enhanced performance, hardware compatibility and security.
Traceable AI 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.
"API security has become a major security and compliance concern for most companies," said Steve Harrick, general partner, IVP. "Traceable offers a fundamentally differentiated solution that provides coverage across the full DevSecOps software lifecycle — from API development and testing to runtime protection. The company is led by Jyoti Bansal and Sanjay Nagaraj, proven entrepreneurs who we have been fortunate to work with before. They listen to customer needs and know how to deliver software at scale."
Traceable was started two years ago by AppDynamics and Harness founder Jyoti Bansal and former AppDynamics VP of Engineering Sanjay Nagaraj through a $20 million Series A in July 2020.
"Widespread use of APIs in cloud-native applications has led to a significantly larger attack surface, intensifying the challenge of protecting these APIs from malicious usage or abuse," said Bansal. "Bad actors only need one API entry point to access an organization's data and cause irreparable financial, reputational and service interruptions damage. Traceable AI applies the power of machine learning and distributed tracing to truly understand how an application really works in the context of the business, and therefore, be able to detect anomalies and block threats to keep customers secure and resilient against next-gen attacks."
By leveraging the team's expertise in distributed tracing and observability, Traceable AI is the only API security platform that discovers, manages and secures APIs for enterprise-level organizations. Their differentiated capabilities provide coverage for the most important API security use cases, including API discovery, sensitive data exfiltration, and detecting and blocking attacks such as account takeover, API abuse and API fraud.
"As we know, all businesses are run by software. Given that APIs are the core engine of any software model today, it's imperative that we secure them to protect the business", said John Vrionis, partner at Unusual Ventures. "We are extremely excited to be a part of the Traceable team and their continued efforts to help enterprises secure their most important software asset – APIs."
Industry News
Redgate launched an enterprise version of its database monitoring tool, providing a range of new features to address the challenges of scale and complexity faced by larger organizations.
Snyk announced the expansion of its current partnership with Google Cloud to advance secure code generated by Google Cloud’s generative-AI-powered collaborator service, Gemini Code Assist.
Kong announced the commercial availability of Kong Konnect Dedicated Cloud Gateways on Amazon Web Services (AWS).
Pegasystems announced the general availability of Pega Infinity ’24.1™.
Sylabs announces the launch of a new certification focusing on the Singularity container platform.
OpenText™ announced Cloud Editions (CE) 24.2, including OpenText DevOps Cloud and OpenText™ DevOps Aviator.
Postman announced its acquisition of Orbit, the community growth platform for developer companies.
Check Point® Software Technologies Ltd. announced new email security features that enhance its Check Point Harmony Email & Collaboration portfolio: Patented unified quarantine, DMARC monitoring, archiving, and Smart Banners.
Automation Anywhere announced an expanded partnership with Google Cloud to leverage the combined power of generative AI and its own specialized, generative AI automation models to give companies a powerful solution to optimize and transform their business.
Jetic announced the release of Jetlets, a low-code and no-code block template, that allows users to easily build any technically advanced integration use case, typically not covered by alternative integration platforms.
Progress announced new powerful capabilities and enhancements in the latest release of Progress® Sitefinity®.
Buildkite signed a multi-year strategic collaboration agreement (SCA) with Amazon Web Services (AWS), the world's most comprehensive and broadly adopted cloud, to accelerate delivery of cloud-native applications across multiple industries, including digital native, financial services, retail or any enterprise undergoing digital transformation.
AppViewX announced new functionality in the AppViewX CERT+ certificate lifecycle management automation product that helps organizations prepare for Google’s proposed 90-day TLS certificate validity policy.
Rocket Software is addressing the growing demand for integrated security, compliance, and automation in software development with its latest release of Rocket® DevOps, formerly known as Aldon®.