DataDome, a New York-based company that provides AI-powered online fraud and bot management, closed $42 million in Series C funding, bringing its total raised to $82 million.
This round was led by InfraVia Growth, with participation from existing investors Elephant, ISAI, and others.
This investment will be used to support DataDome on its mission to rid the web of bot-driven cyberattacks and fraud and also fund global commercial rollout and R&D efforts.
to debilitate fraudsters. “Bots have become a common path to fraud. In 2022 alone, DataDome stopped, in real time, over 250 billion online fraud attempts,” said Benjamin Fabre, CEO and co-founder of DataDome. “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. This is why enterprises like Rakuten, Reddit, and AngelList trust us to protect their digital properties.”
DataDome's bot and online fraud solution detects and mitigates assaults on mobile applications, websites, and APIs with unprecedented precision and zero compromises.
The company protects 300+ enterprises from account takeover, scraping, payment fraud, DDoS, credential stuffing, and more.
Company: DataDome SAS
Raised: $42.0M
Round: Series C
Funding Month: March 2023
Lead Investors: InfraVia Growth
Additional Investors: Elephant and ISAI
Company Website: https://datadome.co/
Software Category: Bot and Online Fraud Management
About the Company: Founded in 2015 by Benjamin Fabre and Fabien Grenier, DataDome is a Software-as-a-Service startup that provides bot protection services for mobile apps, websites, and APIs. DataDome analyzed the website, mobile app, and API traffic of e-commerce businesses it protects, across clothing, footwear, tickets, and electronic retail among others. DataDome's bot and online fraud protection detect and mitigate attacks with unparalleled accuracy and zero compromises. Currently, the team comprises 180 members from over 30 nationalities, and the company has offices in North America, Europe, and Asia. DataDome partnered with Fireside, a European organization working towards gender parity in the tech industry, as well as 50inTech, an organization committed to fostering safe and inclusive workplaces for women.
Source: https://datadome.co/press/datadome-closes-42-million-series-c-funding-to-advance-fight-against-bot-driven-cyberattacks-and-fraud/