Cyber startup Traceable is entering a strategic partnership with a collection of Silicon Valley venture capitalists, the latest sign that application security continues front of mind for both businesses and security investors.
Traceable, which sells an end-to-end security monitoring platform for cloud-native apps, came out of stealth last year with $20 million in Series A funding. Their platform operates as both a web application firewall and run time application self-protection, using machine learning to monitor their customers’ APIs and applications, identify baseline user and application behaviors and over time, learn how to best to detect and block malicious activity.
The new partnership with Silicon Valley CISO Investments will include an additional $250,000, but perhaps more importantly, support and guidance from the more than 55 practicing chief information security officers that make up SVCI. That collection of talent will advise on operations, product road maps, pricing and marketing initiatives as the startup looks to further scale its business.
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