Tracebit Raises $20M Series A Round Led by FirstMark

This follows the company’s $5 million seed round in 2024 bringing total funding to $25 million.

Founded in 2023 by former Tessian employees Andy Smith (CEO) and Sam Cox (CTO) Tracebit develops cloud-native deception technology for modern infrastructure.

Its platform deploys decoy assets known as canaries across environments to detect threats early and support an “assume breach” approach to security. The solution scales threat detection across cloud environments by generating tailored canaries across enterprise networks, reducing detection times.

Read Also - Germany’s WeSort.AI Raises €10M To Recover Critical Raw Materials From Waste

Tracebit currently supports thousands of accounts, monitoring around five billion events weekly and generating millions of canaries daily for clients including Riot Games, Snyk, Synthesia, Docker, and Admiral Insurance. To address increasingly complex cloud environments, the system now extends beyond AWS to support Azure, Kubernetes, CI/CD pipelines, developer workstations, and identity providers.

Alongside the Series A, Tracebit is introducing new products, including Perimeter Canaries, Deceptive Artefacts, and Google Cloud Platform support. Perimeter Canaries place decoys at the edge of SaaS and cloud environments, adding an extra layer of defense and enabling faster detection critical as AI-driven attacks grow more sophisticated.

The Series A funding will support product rollout, customer base expansion, and growth of Tracebit’s go-to-market and engineering teams.

About Tracebit

Tracebit is a cloud-native cybersecurity platform that detects intrusions in seconds. By deploying decoy assets or canaries, across cloud accounts, endpoints, SaaS applications, and CI/CD pipelines, Tracebit alerts organizations immediately when attackers interact with them, enabling faster threat detection and an “assume breach” security approach.roach.