API security company Traceable AI has announced a year of rapid growth, marked by a 300% year-over-year (YoY) revenue increase. The company also expanded its executive team with experienced industry veterans and introduced product releases.

Jyoti Bansal, CEO and co-founder of Traceable, reflects on the achievements over the past year: “This year’s incredible growth proves that when you focus on solving real security problems for organizations, their trust and success follow. At Traceable, we’re making a difference in how companies confidently use APIs – that’s what inspires me every day. This growth is possible because of our customer-centric team, product innovation, and our partners; together, we’re leading this change. And it’s just the beginning. Our vision is a future where businesses never have to worry about the security of their APIs. Instead, they have the confidence to thrive and innovate. Traceable is making that a reality.”

Traceable has achieved significant customer expansion across diverse sectors and geographies, including leading telecom provider Globe Telecom. Deployments with numerous Fortune 500 organizations underscore the trust placed in the company’s solutions.

Traceable expanded its API Security Platform with groundbreaking capabilities in fraud prevention, partnered with Wiz for integrated cloud and API security, and released the industry’s first Zero Trust API Security Reference Architecture, promoting secure API practices and adherence to established security standards.

Traceable welcomed key executives to its leadership team, including the appointment of Brian McDonough as Chief Revenue Officer, alongside Loukas Nikolaou as VP of International Sales, Michael Tarsha and TJ Massie as Regional Vice Presidents of Sales, Tyler Shields as VP of Product Marketing, and Anjum Ahuja as Head of Security Research.

Traceable’s API security platform earned consistent industry recognition throughout 2023. This includes Frost and Sullivan’s Best Practices Enabling Technology Leadership Award, the SINET16 Innovator award, multiple Globee awards, and wins from Cybersecurity Excellence, TMCNet, The Devies, and more.