Netacea, a Manchester, UK-based bot detection and mitigation specialist, announced that it received $12 million (£9m) in Series A funding, its largest investment to date.

Investors in this Series A round consist of experienced professionals behind some of the biggest names in the cybersecurity sector. As well as long-term backer Mercia Asset Management, investors include Rupert Cook, Chairman, Netacea; Gerhard Watzinger, Chairman, Crowdstrike; Marcin Kleczynski, CEO, Malwarebytes; Alex Eckelberry; NED, Malwarebytes and Former Non-Executive Director, KnowBe4; and John Viega former CEO, Capsule8.

The funding will enable Netacea to expand its presence in the U.K. and the U.S., where the business sees significant opportunities for growth. 

Company: Netacea Limited

Raised: $12.0M

Round: Series A

Funding Month: February 2022

Lead Investors: 

Additional Investors: Mercia Asset Management, Rupert Cook, Gerhard Watzinger, Marcin Kleczynski, Alex Eckelberry, and John Viega 

Company Website: https://www.netacea.com/

Software Category: bot management solution

About the Company: Led by founders Andy Still (CTO) and Jeremy Gidlow (CEO) and is supported by a team with experience driving growth at various technology scaleups.  Netacea is a bot detection and mitigation platform, Netacea provides a revolutionary bot management solution that protects websites, mobile apps, and APIs from malicious attacks such as scraping, credential stuffing, and account takeover. Netacea’s Intent Analytics™ engine analyses web and API logs in near real-time to identify and mitigate bot threats. This unique approach provides businesses with transparent, actionable threat intelligence that empowers them to make informed decisions about their traffic.

Source: https://www.darkreading.com/threat-intelligence/netacea-announces-12m-series-a-investment