DataDome, a leading provider of bot protection solutions, has recently secured $42 million in funding to combat real-time bot attacks. The funding round was led by Elephant and featured participation from existing investors ISAI and Ventech.
Bot attacks are a growing concern for businesses of all sizes, as they can cause significant damage to a company’s reputation and bottom line. Bots are automated programs that can perform a variety of tasks, from scraping data to launching DDoS attacks. They can also be used to commit fraud or steal sensitive information.
DataDome’s solution is designed to detect and block bot traffic in real-time, before it can cause any harm. The company’s technology uses machine learning algorithms to analyze website traffic and identify patterns that are indicative of bot activity. Once a bot is detected, DataDome can block it from accessing the site, preventing it from carrying out any malicious actions.
The $42 million in funding will be used to further develop DataDome’s technology and expand its global reach. The company plans to hire additional staff and open new offices in key markets around the world.
“We’re thrilled to have the support of Elephant and our existing investors as we continue to grow and expand our business,” said Benjamin Fabre, CEO of DataDome. “Bot attacks are becoming increasingly sophisticated and difficult to detect, but our technology is up to the challenge. With this funding, we’ll be able to stay ahead of the curve and provide our customers with the best possible protection against bot attacks.”
DataDome’s solution has already been adopted by a number of high-profile companies, including Air France, Rakuten, and Le Monde. The company’s technology is also used by leading e-commerce platforms such as Magento and Shopify.
In addition to its bot protection solutions, DataDome also offers a range of other security services, including web application firewall (WAF) and content delivery network (CDN) solutions. These services are designed to provide comprehensive protection against a wide range of cyber threats, including DDoS attacks, SQL injection, and cross-site scripting (XSS).
Overall, DataDome’s $42 million funding round is a significant milestone for the company and a testament to the growing importance of bot protection in today’s digital landscape. With its advanced technology and global reach, DataDome is well-positioned to help businesses of all sizes stay protected against the latest bot attacks.
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