Tracebit provides a cloud-based canary deployment platform designed to enhance intrusion detection in cloud environments. The company implements an "assume breach" approach by deploying decoy resources and tokens across cloud infrastructure that act as tripwires for detecting unauthorized access and malicious activity.

The platform deploys various types of canaries including decoy cloud resources with custom naming conventions and configurable parameters. These canaries are designed to be anomalies themselves, making them difficult for attackers to avoid while producing actionable alerts when triggered. The system monitors API calls and generates alerts for suspicious activities such as data exfiltration attempts.

Tracebit addresses the limitations of traditional detection methods that rely on complex rules and anomaly models which adversaries can often evade. By flipping the detection paradigm, the canaries serve as both detection mechanisms and impediments to threats. The platform is designed to make canary technology accessible to security teams at various stages of maturity, not just highly resourced organizations.

The company offers both enterprise and community editions of their platform. Their solution focuses specifically on cloud environments, helping organizations detect both external and internal adversaries who have gained unauthorized access to cloud infrastructure.