Tracebit, a cybersecurity company, has successfully closed a $5m seed funding round. The firm, known for its innovative approach to cybersecurity, is making significant strides in the industry.
The investment was led by prominent investors including Accel and Tapestry VC, along with contributions from notable angel investors such as Guy Podjarny, founder of Snyk, and Tim Sadler and Ed Bishop, founders of Tessian. Mandy Andress, the CISO of Elastic, along with 20SALES and several others, also joined the round, underlining the strong support from cybersecurity experts.
Tracebit specializes in the use of deception techniques, such as canaries and honeypots, to detect attacks. These methods have been traditionally used by top security teams due to their effectiveness, although their high cost and complexity limited broader use. Tracebit’s innovative solutions aim to overcome these barriers by leveraging modern cloud practices, enabling quick and efficient scaling across organizations.
The newly acquired funds will be primarily used for the growth of Tracebit’s team and the further development of their products.
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