Tracebit, a company focused on cloud-native security and threat detection, has announced a $20 million Series A funding round led by FirstMark, with participation from Accel and other investors.

Expansion of "deception" technology

Founded in 2023 by former Tessian employees, Tracebit develops cloud-native deception technology designed for modern infrastructure. The system enables organizations to deploy decoy assets, known as "canaries", across their environments to detect threats early and support an "assume breach" approach to security.

The solution is designed to scale threat detection across cloud environments through a cloud-native deployment that generates tailored canaries across enterprise networks to identify malicious activity and reduce detection times. The platform supports thousands of accounts, monitors around five billion events each week, and generates millions of canaries daily for customers including Riot Games, Snyk, and Docker.

New products and support for Google Cloud

To address the growing complexity of cloud environments, Tracebit has expanded its capabilities beyond AWS, now also supporting Azure, Kubernetes, CI/CD pipelines, developer workstations, and identity providers. Alongside the Series A funding, the company is introducing new products, including Perimeter Canaries, Deceptive Artefacts, and support for Google Cloud Platform.