# Tracebit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tracebit

- Industry: IT Security/Cybersecurity
- Headquarters: London, UK
- Website: www.tracebit.com/
- Total disclosed funding: $25M
- Latest round: Series A (Mar 17, 2026)
- Investors on record: 6

## About

Founded in 2022 by Andy Smith (CEO) and Sam Cox (CTO), and based in London, UK, Tracebit Limited Tracebit offers a cloud threat detection and deception platform designed to enhance security by deploying canary resources, or decoys, in cloud environments. In March 2026, Tracebit Limited raised GBP 15 million in series A funding led by FirstMark Capital, with participation from MMC Ventures, Cyber Club London, Accel, and Tapestry Venture Capital.

The firm develops and generates canaries that generate alerts when accessed by intruders, helping to detect security breaches in cloud-based environments. The platform integrates with tools such as AWS, Okta, Github, and more, providing tailored canary recommendations based on the user's unique cloud environment. The firm also supports rapid deployment through infrastructure-as-code and continuously evolves canaries to adapt to changing environments, aiming to reduce detection and response times and minimize false positives in security alerts.The company will use the March 2026 funding to expand its cloud deception platform by growing the canary library across more cloud providers and scaling its go-to-market team.

## Funding rounds

- Series A, Mar 17, 2026, $20M — Accel, MMC Ventures, FirstMark Capital, Tapestry Venture Capital, Cyber Club London
- Seed, Mar 12, 2024, $5.1M — Accel, Tapestry Venture Capital, 20Sales

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed, Series A
- Tapestry Venture Capital (https://capitalatlas.ai/funds/tapestry-venture-capital) — Seed, Series A
- 20Sales (https://capitalatlas.ai/funds/20sales) — Seed
- MMC Ventures (https://capitalatlas.ai/funds/mmc-ventures) — Series A
- FirstMark Capital (https://capitalatlas.ai/funds/firstmark-capital) — Series A
- Cyber Club London (https://capitalatlas.ai/funds/cyber-club-london) — Series A