COMPANY INFO
Traceable, founded in 2018 by Jyoti Bansal and Sanjay Nagaraj, is a privately held API security company headquartered in San Francisco, CA. With approximately 221 employees, Traceable specializes in protecting modern applications by securing APIs, services, and data through an end-to-end security monitoring platform that leverages machine learning to detect and mitigate cyberattacks. The company merged with Harness in 2025 to enhance its AI-native DevSecOps platform. Website: https://www.traceable.ai. Industry: Network Management Software.
Traceable by Harness is a leading API security company founded in 2018 by Jyoti Bansal and Sanjay Nagaraj. Headquartered in San Francisco, CA, Traceable by Harness operates within the computer and network security sector, providing innovative solutions to protect modern applications by securing APIs, services, and data. Leveraging machine learning, their end-to-end security monitoring platform detects and mitigates cyberattacks in real time. The company grew to approximately 221 employees and, in 2025, merged with Harness to strengthen its AI-native DevSecOps platform.
Traceable by Harness funding history is marked by strategic rounds that supported robust product development, market expansion, and growth. Over four funding rounds, Traceable by Harness raised a total of $110 million. Starting with a Series A in 2020 and followed by subsequent angel and Series B rounds, the company attracted notable venture capital investors, including IVP, Citi Ventures, BIG Labs, Sorenson Capital, and Geodesic Capital. Key milestones in Traceable by Harness funding include significant Series B rounds and acquisition by Harness in 2025, reflecting a targeted approach to innovation and scaling.
The most recent Series B round raised $30 million, led by Citi Ventures and IVP. This funding was intended for further growth and scaling, supporting Traceable by Harness’s entrance into new markets and the enhancement of its API security offerings.
This Series B round brought in $60 million, spearheaded by IVP and BIG Labs. The capital was deployed to accelerate market expansion, scale operations, and invest in research and development to stay ahead in the cybersecurity landscape.
An angel round of $250,000 was used for initial funding, early product validation, and operational support as the company transitioned from early-stage growth to broader market adoption.
The Series A round secured $20 million from Unusual Ventures and BIG Labs. The primary use of funds was for early-stage growth and product development, enabling rapid advancements in API security technology.
IVP is a prominent venture capital firm that played an instrumental role in multiple Traceable by Harness funding rounds, including Series B. The firm's backing supported Traceable by Harness’s expansion and innovation in API security.
Citi Ventures led the most recent Series B round, providing critical capital for growth and scaling. Their investment underscored confidence in Traceable by Harness’s market potential and technological edge.
BIG Labs is an early and ongoing supporter, co-leading both the Series A and Series B rounds. Their involvement was vital in propelling product development and early-stage growth.
Geodesic Capital participated in key Traceable by Harness funding rounds, contributing global venture expertise and supporting the company’s strategic expansion efforts.
Sorenson Capital is known for investing in high-growth technology companies. Their investment in Traceable by Harness provided valuable industry connections and capital for scaling efforts.
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