Tracebit funding news – London-based Tracebit Secures $5 Million in Seed Funding

They are partnering with some incredible backers, including Accel and Tapestry VC, angel investors including Guy Podjarny (founder of Snyk), Tim Sadler and Ed Bishop (Tessian Founders), Mandy Andress (CISO of Elastic), 20SALES and many, many more.

Read also - Phyron funding news- Stockholm-based Phyron Secures €10Million in Series B Round Funding

For over 30 years, cybersecurity experts have used 'deception' techniques like fake 'honeypots' or canaries to detect attacks. While highly effective, the high cost and complexity have restricted their use to the top security teams, making them impractical for modern cloud infrastructure.

They are solving these problems, leveraging modern cloud practices to enable security teams to scale an 'assume breach' approach across their organization quickly and with minimal overhead.

Chris Hymes, CISO at Riot Games said, " Riot Games has leveraged Tracebit to rapidly scale deceptive coverage across our cloud and enterprise estate. The automated platform has enabled us to roll out rapidly and the precise nature of the detections produces low volume, high value alerts."

Rachel Taylor, Director of Security, Risk and Trust at Docker said, " Tracebit has allowed our Security team to further understand expected activity and potentially malicious activity within our environment, leading to further hardening measures and more fine tuned detections - all without jeopardizing production resources. Its easy to deploy new canaries which scales well with Docker's rapid development in ensuring we can roll out canaries for new resources. "

Martin Tschammer, Head of Security at Synthesia said, "Tracebit's platform enables high fidelity alerts, is quick to deploy, easy to maintain and secure by design. Their solution delivers actual value and is getting better by the day. "

About Tracebit

Tracebit generates and maintains tailored canary resources in your cloud environments, closing gaps in stock protection without time and cost intensive detection engineering.