DataDome, a leading provider of bot protection solutions, has recently secured an additional $42 million in funding to combat real-time bot attacks. This funding round was led by Elephant and included participation from existing investors ISAI and Ventech.
Bot attacks are a growing concern for businesses of all sizes. Bots are automated programs that can perform a variety of actions, including scraping data, launching DDoS attacks, and committing fraud. These attacks can have a significant impact on a business’s operations, reputation, and bottom line.
DataDome’s bot protection solutions use machine learning algorithms to detect and block bot traffic in real-time. This allows businesses to protect their websites and applications from malicious bots while ensuring that legitimate traffic is not impacted.
The additional funding will allow DataDome to continue to innovate and improve its bot protection solutions. The company plans to invest in research and development, expand its global presence, and hire additional talent to support its growth.
“We are 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 more sophisticated and frequent, and we are committed to providing our customers with the best possible protection against these threats.”
DataDome’s solutions have already been adopted by a variety of businesses, including e-commerce sites, media companies, and financial institutions. The company’s technology has been praised for its accuracy and effectiveness in detecting and blocking bots.
In addition to its bot protection solutions, DataDome also provides customers with detailed analytics and reporting on bot traffic. This allows businesses to better understand the nature of the threats they are facing and take proactive measures to protect themselves.
Overall, the additional funding secured by DataDome is a positive development for businesses looking to protect themselves against bot attacks. With the company’s continued investment in research and development, customers can expect even more advanced and effective bot protection solutions in the future.
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