DataDome, a leading provider of cybersecurity solutions, has recently announced that it has secured an additional $42 million in funding to combat real-time bot attacks. The funding round was led by Elephant and included participation from existing investors ISAI, Ventech, and Runa Capital.
DataDome’s platform is designed to protect businesses from a wide range of online threats, including bot attacks, which are becoming increasingly common and sophisticated. Bots are automated programs that can be used to carry out a variety of malicious activities, such as stealing data, spreading malware, and conducting fraudulent transactions.
According to a recent report by Imperva, bot traffic accounted for 25% of all website traffic in 2020, with bad bots making up 15.4% of that total. This represents a significant increase from previous years and highlights the growing threat that bots pose to businesses of all sizes.
DataDome’s solution uses machine learning algorithms to analyze website traffic in real-time and identify any suspicious activity. This allows businesses to quickly detect and block bot attacks before they can cause any damage.
The company’s platform also includes a range of other features designed to enhance website security, such as protection against DDoS attacks, content scraping, and account takeover attempts.
With the additional funding, DataDome plans to expand its operations and further develop its technology to stay ahead of the evolving threat landscape. The company also plans to increase its presence in the US market, where it sees significant growth potential.
Commenting on the funding round, Benjamin Fabre, CEO of DataDome, said: “We are thrilled to have Elephant join us on our mission to protect businesses from the growing threat of bot attacks. This investment will allow us to accelerate our growth and continue to innovate our technology to stay ahead of the curve.”
Overall, the additional funding is a significant milestone for DataDome and highlights the growing importance of cybersecurity solutions in today’s digital landscape. As the threat of bot attacks continues to rise, businesses must take proactive steps to protect themselves and their customers from these malicious activities. With its advanced technology and experienced team, DataDome is well-positioned to help businesses stay ahead of the curve and keep their websites secure.
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- Source: Plato Data Intelligence: PlatoData