Cloud Threat Detection and Deception Platform Trace Bits They raised $5 million in seed funding to bring easy-to-use deception technology to any business.
For over 30 years, cybersecurity experts ‘threat Deceptive’ Technologies that detect attacks, learn their behavior, and expose vulnerabilities in defenses. These technologies include fake ‘Honeypot‘ or ‘Canary‘ Resources to attract and capture bad actors In action.
It was deployed correctlyThreat deception is one of the most powerful layers of defense an enterprise can have, and research shows that attackers are less effective and slower when they know there is a canary in the system.
But despite its effectiveness, the technology remains a monopoly of the top 10 due to its high cost and complexity. percent Security teams tend to be large and often impractical to scale across modern cloud infrastructure. Painful Design and setup.
Tracebit is the first threat deception platform that uses cloud-native APIs to create customized canaries and lure threats across cloud networks. The platform is built on a light-touch infrastructure that: The company Threat Deception can be configured and enabled across your entire cloud network in just 30 minutes. Minutes, No hardware.
Co-founders Andy Smith (CEO) and Sam Cox (CTO) have announced that they have signed a memorandum of understanding (MOU) with the British cybersecurity startup Tessian (Acquired (Proofpoint in 2023).
Tracebit currently protects over 250 cloud accounts with 1,500 cloud canary resources.,process Over 2.4 billion security events every week.
Co-founder and CEO Andy Smith said:
“ohTracebit’s mission is to accelerate mass adoption of threat deception for the enterprise. wherever, Reduce the mean time to detect an intruder from months to minutes.
Honeypots are one of the biggest deterrents against cyber attacks attack, But it has long been underutilized due to its cost and complexity, and this funding will help equip businesses with the technology to circumvent the threat. Not yet I felt like I could take advantage of that before..”
Accel led the round, with participation from Tapestry VC and angel investors. include Guy Podjarny (founder of Snyk), Tim Sadler and Ed Bishop (founders of Tessian), Mandy Andress (CISO at Elastic), and 20SALES.
“We are thrilled to be working with Accel to bring this technology to market,” said Andrei Brasoveanu, partner at Accel. “
I’ve worked with Andy and Sam. Axel’s Through my partnership with Tessian, I directly They are but also Experienced engineer, but also Has strong commercial instincts.
Trace Bits Team Its cloud-native approach to threat detection and focus on modern DevOps tools and practices has already proven a big hit with customers. and I I am excited to collaborate with the team again on this new journey.!”
“Docker is committed to protecting our users’ privacy and the security of their data,” said Rachel Taylor, director of security, risk and trust at Docker.
“Tracebit has given our security team a better understanding of expected and potentially malicious activity in our environment, allowing us to further strengthen our defenses and better tune our detection without putting production resources at risk.
the Easily introduce new canaries Which scale often Docker Rapid development to allow canaries of new resources to be deployed.”
This funding is Used To expand Trace Bits We will strengthen our engineering team and broaden our product offering.
Main image: Tracebit. Photo: Ivan Weiss.
