Traceable AI stories
Securing a strategic investment of USD $30 million, API security player Traceable AI indicates the sector's growing importance, with 300% YoY growth, aiming to bolster API security initiatives worldwide.
The unchecked use of Zombie APIs in businesses has underscored a rising cybersecurity threat, with attackers exploiting these neglected interfaces and costing firms up to $75bn annually.
Traceable AI, a key player in API security, celebrates its year with revenue upwards of 300%. In addition, the firm bolstered its executive team and initiated new products and partnerships.
Trello has suffered a data breach compromising the details of 15 million users, sparking questions over the security measures at parent company, Atlassian.
In a bid to enhance growth, AI security firm, Traceable AI, hires Brian McDonough, a former team member of Snyk and Recorded Future, as Chief Revenue Officer.
Study reveals alarming gaps in API security globally, with 74% of respondents reporting multiple API-related breaches in the past two years.
Traceable appoints CFO and VP to continue growth trajectory. Stephen Jahn and John Schwan bring experience to safeguard customers' APIs.
