Highlights:

  • Malicious algorithms are advancing and finding new ways to get around security measures, according to DataDome.
  • According to the company, its service can be installed and operational in under an hour and is simple to connect with any web infrastructure.

DataDome SAS, a startup providing Software-as-a-service for bot protection, revealed that it has received USD 42 million in fresh financing to help further its goal of purging the internet of bot-driven fraud and cyberattacks.

DataDome, a bot protection startup founded in 2014, employs artificial intelligence and machine learning to recognize and thwart advanced bot attacks in real time. The company’s technology determines in less than two milliseconds whether access to a page should be given by comparing each request to a website with an in-memory pattern database.

Malicious algorithms are advancing and finding new ways to get around security measures, according to DataDome. Web application firewalls, conventional CAPTCHAs, and user validation databases are examples of point-in-time, static obstacles that have become increasingly easier to consistently get around.

Benjamin Fabre, Co-founder, and Chief Executive of DataDome, said, “Bots have become a common path to fraud. In 2022 alone, DataDome stopped over 250 billion online fraud attempts in real time. Because of how our product is built and deployed, we have a unique lens into attack vectors and can see across silos to stop attacks in their tracks.”

In order to give DataDome, in Fabre’s words, an “award-winning competitive edge,” and to remain far ahead of bot creators and fraudsters, the new funding will be used to advance the company’s commercial rollout and research and development initiatives.

DataDome is a comprehensive software-as-a-service platform that provides enterprise-level professional services and dedicated bot security operations centers to DevSecOps and development, security, and operations people. According to the company, its service can be installed and operational in under an hour and is simple to connect with any web infrastructure.

In addition to others, the business provides assistance for integration with the Commerce Cloud from Salesforce.com Inc., Cloudflare Inc., Fastly Inc., and Amazon Web Services Inc.

DataDome serves clients like Rakuten Inc., Axel Springer SE, AngelList LLC, Reddit Inc., the New York Times Co., McDonald’s Corp., and Foot Locker Retail Inc.

Elephant Venture Capital GmbH, ISAI Gestion SAS, and other previous investors joined InfraVia Growth Management SAS in leading the Series C round. Reports show that DataDome has funded USD 81.2 million in total, including the most recent round.