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.
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