Company Obtains Record Growth, Established Leadership in Zero Trust, Added Esteemed Advisors, Pioneered Reference Architecture and Claimed Seven Prestigious Awards

Traceable AI, the industry's leading API security company, today announced a series of significant milestones achieved during the first half of 2023. The company witnessed record growth, introduced groundbreaking product innovation in the market, appointed key advisors, and won seven high-profile industry awards.

The first half of 2023 saw Traceable undergo remarkable growth, with a striking revenue increase of 274%. This growth underscored the mounting necessity for organizations to protect against API-driven attacks and reflects the confidence the market has in Traceable's innovative API security solutions and its world-class customer success team.

Traceable announced a strategic partnership with Wiz, a prominent cloud security provider with Wiz unveiling their Wiz Integration (WIN) program, combining the strengths of Wiz's Cloud Native Application Protection Platform (CNAPP) and Traceable’s API Security Platform. This integration delivers robust protection against API threats in the cloud and provides IT and security teams the ability to correlate and prioritize threats across architectural layers, enabling organizations to significantly reduce risk without compromising speed or productivity.

Building upon its commitment to innovation, Traceable appointed cybersecurity pioneers John Kindervag and Chase Cunningham as strategic advisors, and unveiled industry-first solutions – Zero Trust API Access (ZTAA) and an API Security Reference Architecture.

The introduction of its Zero Trust API Access (ZTAA), aligns with the Wiz Integration, providing holistic "code to cloud" security, thereby extending the benefits of the Wiz platform. In addition, Traceable’s API Security Reference Architecture complements this holistic approach by providing an actionable blueprint, aligned with the NIST Zero Trust framework, for organizations implementing Zero Trust for APIs.

More details on Traceable company announcements and milestones:

• State of API Security: Report from Survey Conducted at RSA 2023
• Wiz Partnership: Traceable Selected as Launch Partner for Wiz Integration (WIN)
• FFIEC Compliance: New solution to help financial institutions meet new requirements

Traceable’s innovation was recognized industry wide with seven award wins in the last six months. The Globee Information Technology Awards selected Traceable’s Zero Trust API Access solution for Gold in their Zero Trust category, and Silver in their Disruptor category. Additionally, Traceable was awarded the TMCnet Zero Trust Security Excellence Award. The company also took home wins from The Devies and Global Infosec, as well as the Cybersecurity Excellence Awards and the Fortress Cybersecurity Awards, all of which showcase the company’s strength and innovation in API security.

In all seven of these awards, Traceable was honored for the significant impact of its API Security Platform powered by its API Data Lake that creates a comprehensive, 360-degree contextual understanding of the relationships between API activity, user behavior, data flow, and code execution over time. This rich understanding enables in-depth behavioral analysis of both APIs and users, providing valuable actionable data for threat hunters, incident responders, and security researchers – all of which are impossible to detect with traditional security solutions such as Web Application Firewalls (WAF), API Gateways, API Lifecycle Management, and Web Application and API Protection (WAAP) solutions.

“We are extremely proud of the remarkable momentum Traceable has achieved in recent months. Our growth in both product development, adoptable frameworks and leadership continues to make a mark in the industry and value for our customers,” said Jyoti Bansal, CEO and co-founder of Traceable. “The numerous awards and key partnerships help validate our relentless pursuit of excellence and unwavering commitment to innovation, quality and customer success.”

To learn more on how API security can protect your business, visit https://www.traceable.ai/request-a-demo.

About Traceable

Traceable is the industry's leading API Security company that helps organizations achieve API protection in a cloud-first, API-driven world. With an API Data Lake at the core of the platform, Traceable is the only intelligent and context-aware solution that powers complete API security – security posture management, threat protection and threat management across the entire Software Development Lifecycle – enabling organizations to minimize risk and maximize the value that APIs bring to their customers. To learn more about how API security can help protect your business, book a demo with a security expert.

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