DataDome raises $42 million to leverage machine learning to counter bot attacks
Join senior executives in San Francisco on July 11-12 to learn how leaders are integrating and optimizing AI investments for success. Find out more
Malicious traffic is a problem that every organization with a website has to deal with. According to Imperva, 42.3% of internet traffic belongs to bots, and many of them are designed to crawl online websites and APIs to identify vulnerabilities.
In response, companies such as bot management provider DataDome have used artificial intelligence (AI) to identify account takeovers, credential stuffing, fake account creation, and payment fraud threats orchestrated by bots. To support this mission, DataDome today announced that it has raised $42 million in a Series C funding round.
DataDome's platform uses machine learning (ML) at the edge and an AI-powered bot detection engine to process over 3 trillion signals per day and automatically identify bot attacks targeting websites, mobile apps and APIs.
Dealing with bot attacksThis announcement comes as more and more organizations struggle to deal with the onslaught of automated website attacks.
EventTransform 2023
Join us in San Francisco on July 11-12, where senior executives will discuss how they've integrated and optimized AI investments for success and avoided common pitfalls.
Register now“Attacks using bots have undeniably become a common route to fraud,” said Benjamin Fabre, CEO of DataDome. “To complicate matters, AI makes it easier for threat actors to create sophisticated attacks in minutes that target any point in the customer journey (and profit along the way). This is especially true for bot attacks."
“Now consider that cybersecurity and fraud prevention have traditionally been handled by siled departments, allowing attackers to take advantage of vulnerabilities,” Fabre said. "It's a perfect storm."
By leveraging automation, DataDome works to assure organizations that users accessing their websites are real, and also that data and accounts are not at risk of being compromised.
Organizations that experience a bot attack on their website also receive 24/7 support from DataDome's threat intelligence team so they can remediate the incident and maintain normal operations.
Bot Security Market ReviewDataDome's solution fits loosely into the bot security market, which MarketsandMarkets predicts will grow from a value of $408 million in 2021 to $983 million by 2026.
>Some of DataDome's main competitors are content delivery networks (CDNs) like Cloudflare and Akamai, which offer additional bot management solutions.
Cloudflare, which raised $975.2 million in
Join senior executives in San Francisco on July 11-12 to learn how leaders are integrating and optimizing AI investments for success. Find out more
Malicious traffic is a problem that every organization with a website has to deal with. According to Imperva, 42.3% of internet traffic belongs to bots, and many of them are designed to crawl online websites and APIs to identify vulnerabilities.
In response, companies such as bot management provider DataDome have used artificial intelligence (AI) to identify account takeovers, credential stuffing, fake account creation, and payment fraud threats orchestrated by bots. To support this mission, DataDome today announced that it has raised $42 million in a Series C funding round.
DataDome's platform uses machine learning (ML) at the edge and an AI-powered bot detection engine to process over 3 trillion signals per day and automatically identify bot attacks targeting websites, mobile apps and APIs.
Dealing with bot attacksThis announcement comes as more and more organizations struggle to deal with the onslaught of automated website attacks.
EventTransform 2023
Join us in San Francisco on July 11-12, where senior executives will discuss how they've integrated and optimized AI investments for success and avoided common pitfalls.
Register now“Attacks using bots have undeniably become a common route to fraud,” said Benjamin Fabre, CEO of DataDome. “To complicate matters, AI makes it easier for threat actors to create sophisticated attacks in minutes that target any point in the customer journey (and profit along the way). This is especially true for bot attacks."
“Now consider that cybersecurity and fraud prevention have traditionally been handled by siled departments, allowing attackers to take advantage of vulnerabilities,” Fabre said. "It's a perfect storm."
By leveraging automation, DataDome works to assure organizations that users accessing their websites are real, and also that data and accounts are not at risk of being compromised.
Organizations that experience a bot attack on their website also receive 24/7 support from DataDome's threat intelligence team so they can remediate the incident and maintain normal operations.
Bot Security Market ReviewDataDome's solution fits loosely into the bot security market, which MarketsandMarkets predicts will grow from a value of $408 million in 2021 to $983 million by 2026.
>Some of DataDome's main competitors are content delivery networks (CDNs) like Cloudflare and Akamai, which offer additional bot management solutions.
Cloudflare, which raised $975.2 million in
What's Your Reaction?
