Early-stage bot detection and mitigation company Netacea has closed a $12 million (£9 million) Series A investment to build out its anti-fraud technology platform.
The investment was led by Mercia Asset Management, with participation from a wide range of private investors with experience in the cybersecurity industry.
Founded in 2018, the Manchester, U.K.-based startup focuses on the detection and mitigation of bot attacks targeting web, mobile, and API applications.
Netacea’s platform uses threat intelligence and machine learning algorithms to provide real-time bot mitigation capabilities by analyzing web and API logs almost immediately.
Netacea plans to use the new funding to expand its market presence in both the United Kingdom and the United States.
Additionally, the company said it plans to expand its team by hiring new talent in development, data analysis, data science, and threat research.
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