Traceable AI Raises $30M to Drive Product Innovation and Enhance API Security

Traceable AI Raises $30M in Funding

Key Highlights:

• Funding Round: Traceable AI, an API security company, raised $30 million in funding.
• Investors: Backed by Citi Ventures, IVP, Geodesic Capital, Sorenson Capital, and Unusual Ventures.
• Product Innovation: Funds will be used to drive product innovation, enhance security research initiatives, and scale sales, marketing, and channel partner programs globally.

Traceable AI's Target Market

• API-Dependent Businesses: Companies relying on APIs for their operations, especially those in need of comprehensive API security solutions.
• Enterprises with High Security Needs: Organizations prioritizing robust API security measures to protect sensitive data and prevent cyber threats.
• Technology and Financial Services Sectors: Industries where API security is critical, including technology companies and financial institutions.

What Traceable AI Needs to Buy

• Security Research and Development: Collaborations with cybersecurity experts and research organizations to enhance API security capabilities.
• Marketing and Sales Support: Services to strengthen sales, marketing, and channel partner programs, including lead generation and customer acquisition strategies.
• Strategic Partnerships: Collaborations with technology and security companies to expand market reach and offer integrated solutions.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.