BotGuard OÜ, a Tallinn, Estonia-based cybersecurity software company, secured a €12 million Series A funding round.
SaaS Investors
The round was led by MMC Ventures, with participation from existing investors Tera Ventures and Expeditions Fund, as well as prominent angel investors like Stefan Lindeberg.
Founded in 2000, MMC Ventures is a venture capital investment firm that invests in technology companies at Seed and Series A. Based in London, United Kingdom, the firm prefers to invest in innovative technology sector companies.
BotGuard OÜ Use of Funds
The investment will fuel further development of BotGuard OÜ's technology. It will also facilitate the recruitment of tech development talent and the expansion of sales and marketing teams to support global scaling.
About BotGuard OÜ
Founded in 2019 by Nik Rozenberg and Denis Prochko, BotGuard OÜ is a cybersecurity company that offers an AI-powered platform to filter web traffic, lower management costs, and defend against threats. The company offers an easy-to-implement, cloud-based solution leveraging AI and innovative technologies to defend against various web threats. The company’s software helps website owners filter their web traffic, lower website management costs, defend their infrastructure and protect their assets.
Funding Details
Company: BotGuard OÜ
Raised: €12.0M
Round: Series A
Funding Month: March 2024
Lead Investors: MMC Ventures
Additional Investors: Tera Ventures, Expeditions Fund, Stefan Lindeberg
Company Website: https://botguard.net/
Software Category: Cybersecurity
Source: https://tech.eu/2024/03/13/estonian-startup-botguard-ou-raises-eur12m-for-web-traffic-control/