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Total amount raised
$110 Million
Latest funding date
2024-05-01
Location
Traceable raised USD 110 million across three rounds, the last a USD 30 million round in May 2024 led by IVP. The API security company, which served finance, healthcare, government, technology and retail customers, merged with Harness on March 4, 2025 following an agreement announced February 10, 2025, with terms undisclosed.
What Is Traceable?
Traceable Inc. is an API security company founded in San Francisco in 2020 by Jyoti Bansal and Sanjay Nagaraj. Its platform handles API discovery, attack detection and threat hunting for enterprise customers.
The company is no longer independent. It merged with Harness, the software delivery platform Jyoti Bansal also founded and leads, and now operates under the Harness brand as Traceable by Harness.
How Much Funding Has Traceable Raised?
- Series A
- Amount Raised: USD 20,000,000
- Date: July 2020
- Lead Investors: Unusual Ventures
- Motivation Behind the Round: To scale operations and enhance product development.
- Series B
- Amount Raised: USD 60,000,000
- Date: May 2022
- Lead Investors: IVP
- Motivation Behind the Round: To expand market reach and support strategic acquisitions.
- Series Unknown
- Amount Raised: USD 30,000,000
- Date: May 2024
- Lead Investors: IVP
- Motivation Behind the Round: To drive product innovation and scale sales, marketing, and channel partner programs globally.
Total Amount Raised: USD 110,000,000 across three rounds before the merger. No purchase price exists for the Harness transaction because it was a merger of two companies with a common founder. Current Valuation: Not publicly disclosed for Traceable alone. Combined Harness was valued at about USD 5 billion at the time of the merger and USD 5.5 billion post-money after its December 2025 Series E. As of September 2026, Traceable's latest disclosed round is its May 2024 USD 30 million round, and it has been part of Harness since March 2025.
Key Investors
- IVP (Institutional Venture Partners)
- Details: IVP is a later-stage venture capital firm. It led Traceable's Series B in May 2022 and its May 2024 round.
- Investment Focus Areas: Technology, media, high-growth companies.
- Notable Investments: Twitter, Slack, Snap.
- Unusual Ventures
- Details: Unusual Ventures is an early-stage venture capital firm that led Traceable's Series A in July 2020.
- Investment Focus Areas: Enterprise technology, consumer technology, SaaS.
- Notable Investments: Carta, Robinhood, Harness.
- Harness
- Details: Harness is Traceable's parent following the merger completed on March 4, 2025. It raised a USD 240 million Series E on December 11, 2025, led by Goldman Sachs Asset Management, at a USD 5.5 billion post-money valuation.
- Investment Focus Areas: AI-native software delivery and DevSecOps.
- Notable Investments: Traceable (merged March 2025).
What's Next for Traceable?
Traceable now operates as a product line inside Harness. The merger closed March 4, 2025, giving Traceable's investors a stake in the combined business. Traceable had raised USD 110 million across three rounds, the last a USD 30 million round in May 2024 led by IVP.
Capital raising now happens at the parent level. On December 11, 2025, Harness announced a USD 240 million Series E. Goldman Sachs Asset Management led the round, valuing Harness at USD 5.5 billion post-money. Because Harness now funds Traceable, further fundraising for Traceable alone is not expected.
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