Tracebit, a London, UK-based provider of a cloud threat detection and deception platform, raised $5M in Seed funding.
The round was led by Accel with participation from Tapestry VC along with angel investors including Guy Podjarny (founder of Snyk), Tim Sadler and Ed Bishop (Tessian Founders), Mandy Andress (CISO of Elastic) and 20SALES.
The company intends to use the funds to expand its engineering team and increase its product offering.
Co-Founded by Andy Smith (CEO) and Sam Cox (CTO), Tracebit provices a threat deception platform that operationalises and scales entirely in the cloud. Its cloud-native APIs generate used canaries across enterprise cloud networks to lure in threats and detect them early, reducing the mean time to detection from months to minutes.
The platform, built with light-touch infrastructure so that enterprises can set up and switch on threat deception across cloud networks in as little as 30 minutes, without hardware, currently protects over 250 cloud accounts with 1,500 cloud canary resources, processing over 2.4 billion security events per week.
FinSMEs
09/07/2024