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Traceable AI nabs $60M to secure app APIs using machine learning


Traceable AI, a startup offering services designed to protect APIs from cyberattacks, today announced that it raised $60 million in a Series B round led by IVP with participation from BIG Labs, Unusual Ventures, Tiger Global Management, and several undisclosed angel investors. The new capital values the company at more than $450 million post-money, and CEO Jyoti Bansal — who’s also the cofounder of BIG Labs and Unusual Ventures — says that it’ll be put toward product development, recruitment, and customer acquisition.
APIs, the interfaces that serve as the connections between computer programs, are used by countless organizations to conduct business. But because they can provide access to sensitive functi …

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