Institutional Venture Partners led a $60 funding round in Traceable AI.

Institutional Venture Partners, a venture capital firm, led a $60 funding round in Traceable AI, a startup offering services designed to protect APIs from cyberattacks, with participation from BIG Labs, Unusual Ventures, and Tiger Global. "API security has become a major security and compliance concern for most companies. 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," Steve Harrick, IVP General Partner.