DataDome, a late-stage cybersecurity startup selling anti-bot and anti-fraud technology, has secured a huge boost in financing – $42 million in a Series C round led by InfraVia Growth. Existing investors Elephant and ISAI also participated in the round, which brings the total venture capital funding DataDome has raised since its 2015 launch to $81 million.
DataDome’s platform leverages AI to detect and mitigate threats against mobile apps, websites, and APIs, including payment fraud, DDoS attacks, account takeover attempts, and web scraping. The company plans to use the new funds to fuel market expansion and R&D activities.
DataDome’s technology is capable of detecting the intent of a visit in real time, and the startup’s success highlights the growing need for businesses to protect their digital assets against malicious actors. The investment marks a major milestone for the company as it continues to develop its anti-bot and anti-fraud technology.
The Series C follows several other recent investments in cybersecurity startups, such as Goldman Sachs’ acquisition of White Ops, Microsoft and PayPal’s investment in Arkose Labs, and PerimeterX’s $57 million funding round.
In conclusion, DataDome’s $42 million Series C highlights the growing need for businesses to protect their digital assets against malicious actors, and the success of the company’s anti-bot and anti-fraud technology. The investment follows other recent investments in cybersecurity startups, signaling a major milestone for the company as it continues to expand its market presence.
Key Points:
• DataDome has raised $81 million in venture capital funding since its 2015 launch
• The company plans to use the new funds to fuel market expansion and R&D activities
• DataDome’s platform leverages AI to detect and mitigate threats against mobile apps, websites, and APIs
• The investment follows other recent investments in cybersecurity startups, signaling a major milestone for the company
• DataDome’s success highlights the growing need for businesses to protect their digital assets against malicious actors