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Datadome Closes $42 Million In Series C Funding To Advance The Fight Against Bot-Driven Cyberattacks And Fraud

Mar 30, 2023over 2 years ago

Amount Raised

$42 Million

Round Type

series c

New YorkSecuritySoftwareCyber SecurityMachine Learning

Investors

IsaiElephantInfra Via Growth

Description

DataDome, a leading provider of AI-powered online fraud and bot management, today announced its Series C funding round of $42 million. This round was led by InfraVia Growth, with participation from existing investors Elephant, ISAI, and others, to support DataDome on its mission to rid the web of bot-driven cyberattacks and fraud.

Company Information

Company

DataDome

Location

New York, United States

About

DataDome's bot and online fraud protection detects and mitigates attacks with unparalleled accuracy and zero compromise. Our machine learning solution analyzes 3 trillion data points per day to adapt to new threats in real time. Our 24/7 SOC experts protect hundreds of high-profile brands worldwide, including Reddit, Patreon, and AngelList. A force multiplier for IT security teams, DataDome is fully transparent, easy to deploy, and frictionless for consumers. In 2022, DataDome was named a Strong Performer in the Forrester Wave: Bot Management and ranked the top G2 Leader in Bot Detection & Mitigation for Fall 2022 and Winter 2023.

FundzWatch™ Score

62
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech