DataDome, a late-stage cybersecurity startup selling anti-bot and anti-fraud technology, has secured $42 million in new financing to fuel ambitious expansion plans.
The New York-based DataDome said the $42 million Series C was led by InfraVia Growth. Existing investors Elephant and ISAI and took stakes.
DataDome has raised a total of $81 million in venture capital funding since launching in 2015 with software to help businesses deal with bots and online fraud activity.
The company said the new funding would be used on market expansion and R&D activities.
DataDome has built a bot and online fraud detection product capable of detecting the intent of a visit in real time, every time, to detect and mitigate attacks on mobile apps, websites and APIs.
The AI-powered platform processes vast amounts of data in an effort to provide protection against various types of online threats, including payment fraud, DDoS attacks, account takeover attempts, and web scraping.
Related: Goldman Sachs Buys Anti-Bot Startup White Ops
Related: DataDome Raises $35 Million for Its Anti-Bot Solution
Related: Microsoft, PayPal Invest in Anti-Fraud Startup Arkose Labs
Related: PerimeterX Banks $57 Million for Bot Protection Expansion
Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.
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