Company Overview
Tracecat is an open-source AI automation platform built for security, IT, and infrastructure teams seeking a modern alternative to expensive commercial SOAR (Security Orchestration, Automation, and Response) tools. Founded in 2024 by Chris Lo and Daryl Lim in San Francisco, the company emerged from Y Combinator's Winter 2024 batch with a mission to democratize security automation through open-source technology.
The platform has rapidly gained adoption, with over 200 organizations—from startups to Fortune 500 companies and federal agencies—deploying Tracecat to automate security alerts, incident response, and IT workflows. Built on Temporal's durable execution platform (used by Datadog, Netflix, and Stripe), Tracecat offers enterprise-grade reliability with features including 100+ integrations, AI-assisted runbooks, case management, and lookup tables.
Tracecat raised $500K in seed funding from Y Combinator in April 2024, though PitchBook reports total funding of $2M with additional investors including Pioneer.app, Pioneer Fund, and SurgePoint Capital. The company's open-source approach has fostered both Tracecat-managed and community-driven integrations, with the platform available on GitHub and gaining traction among security teams seeking cost-effective automation without vendor lock-in.
The Tracecat Story
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Tracecat is recognized as a market leader in the Security sector, demonstrating strong industry presence and customer trust.
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