DataDome, a SaaS cybersecurity solution protecting websites from bot traffic, has raised €2.5m from ISAI and 50 Partners.
The round, which follows a €1m round in December 2016, will enable the company to strengthen its presence on the European market, prepare for its expansion towards the US and Asian markets, and develop its data monetization offering.
Founded in 2015 DataDome protects websites and APIs against bot traffic, which is at the root of the main security threats to online activities: content theft, account takeover, marketing fraud and denial of service.
Its proprietary SaaS technology detects and filters the bot traffic, mapping thousands of bot operators and offering tools for managing their activity in real time.
“The data leaks that have made the news in recent months (Yahoo, Equifax, Uber …) illustrate what a major challenge protection of personal data and internet exchanges has become. With tens of thousands of websites and APIs that collect, host and transmit billions of data pieces at any one time, DataDome is operating on a worldwide market with great potential, as evidenced by our growth. This fundraising will enable us not only to gain a European dimension, but also to support our customers in their efforts to make the most of the data and content they produce,“ says Fabien Grenier, co-founder and CEO of DataDome.
Grenier and Benjamin Fabreco-founded DataDome in order to fulfil a simple, yet innovative vision: combining a high-performance cybersecurity solution protecting sites from automated traffic with business-centric tools to turn this traffic into business opportunities.
Following a number of high profile data leaks, Cybersecurity businesses has seen a wave of investment in recent months. Last month, Allure Security, a US startup focusing on data loss detection and response, raked in $5.3m in seed funding, while Hysolate, a cybersecurity startup that has invented a hybrid endpoint architecture, landed $8m following its launch out of stealth. C5 Capital, a UK-based fund investing purely in the cybersecurity sector, also recently marked its first portfolio sale by offloading Balabit to One Identity.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
