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.
Related: Sardine Raises $19.5 Million for Fraud Prevention Platform
Related: Anti-Bot Fraud Detection Firm HUMAN Snags $100M Investment
Related: Software Supply Chain Protection Startup Scribe Security Raises $7 Million
More from Ionut Arghire
- Tor Network Under DDoS Pressure for 7 Months
- Russian Admits in US Court to Laundering Money for Ryuk Ransomware Gang
- Patient Information Compromised in Data Breach at San Diego Healthcare Provider
- Software Supply Chain Security Firm Lineaje Raises $7 Million
- Vulnerability Provided Access to Toyota Supplier Management Network
- Linux Variant of Cl0p Ransomware Emerges
- New York Attorney General Fines Vendor for Illegally Promoting Spyware
- 20 Million Users Impacted by Data Breach at Instant Checkmate, TruthFinder
Latest News
- Tor Network Under DDoS Pressure for 7 Months
- Siemens License Manager Vulnerabilities Allow ICS Hacking
- UN Experts: North Korean Hackers Stole Record Virtual Assets
- Russian Admits in US Court to Laundering Money for Ryuk Ransomware Gang
- A Deep Dive Into the Growing GootLoader Threat
- CISA Releases Open Source Recovery Tool for ESXiArgs Ransomware
- Patient Information Compromised in Data Breach at San Diego Healthcare Provider
- Germany Appoints Central Bank IT Chief to Head Cybersecurity
