DataDome Secures $42M Funding to Enhance Real-Time Protection against Bot Attacks

DataDome Secures $42M Funding to Enhance Real-Time Protection against Bot Attacks

Time Stamp: March 30, 2023 12:27 PM
Source Node: 2559165

DataDome, a leading provider of bot management solutions, has secured $42 million in funding to enhance its real-time protection against bot attacks. The funding round was led by Elephant and included participation from ISAI, Bpifrance, and Serena.

Bot attacks are a growing problem for businesses of all sizes. Bots are automated programs that can be used to perform a variety of tasks, both legitimate and malicious. Malicious bots can be used to steal data, launch DDoS attacks, and commit fraud. They can also be used to scrape content from websites or perform other actions that can harm a business’s reputation or bottom line.

DataDome’s bot management solution helps businesses protect themselves against these threats. The company’s technology uses machine learning algorithms to detect and block bot traffic in real-time. This helps businesses to maintain the integrity of their websites and applications, while also protecting their customers’ data.

The new funding will allow DataDome to further enhance its technology and expand its reach. The company plans to use the funds to hire additional staff, invest in research and development, and expand its sales and marketing efforts. This will help DataDome to better serve its existing customers and attract new ones.

“We’re thrilled to have the support of Elephant and our other investors as we continue to grow and expand our business,” said Benjamin Fabre, CEO of DataDome. “Bot attacks are a serious threat to businesses of all sizes, and our technology is helping to protect them against these threats. With this new funding, we’ll be able to further enhance our technology and reach even more customers.”

The funding round is a testament to the growing demand for bot management solutions. As more businesses move online and rely on digital channels to connect with customers, the threat of bot attacks is only going to increase. DataDome’s technology is well-positioned to help businesses protect themselves against these threats and maintain the trust of their customers.

In conclusion, the $42 million funding secured by DataDome is a significant milestone for the company and the industry as a whole. The investment will allow DataDome to continue to innovate and provide businesses with the real-time protection they need against bot attacks. As the threat of bot attacks continues to grow, solutions like DataDome’s will become increasingly important for businesses of all sizes.