AI SaaS solution against bot driven frauds, DataDome secured $35 Million in funding


DataDome, a New York-based provider of an Artificial Intelligence-powered SaaS solution that protects online businesses against bot-driven fraud, has now secured $35 million in a Series B funding round.

DataDome is founded by the Fabien Grenier. The AI startup offers AI-powered real-time bot protection for mobile apps, websites, and APIs. The company also offers DevSecOps professionals a full SaaS platform. The DevSecOps solution offers enterprise-level professional services and dedicated bot Security Operations Centers (SoCs). It integrates with any web infrastructure, and a prospect under attack can be protected in less than an hour. 

DataDome can also be activated at the edge with the help of platforms such as Cloudfare, AWS, Salesforce Commerce Cloud, and Fastly

Executive Opinion

Fabien Grenier, Co-founder, and CEO of DataDome, said, "We owe our current hypergrowth to customers like Axel Springer, AngelList Talent, Australia Post, Limited, and Foot Locker who have placed their trust in us to protect them from malicious bot traffic and online fraud. With its expertise in both e-commerce and SaaS, Elephant is an ideal partner as we continue to scale aggressively, particularly in the US, in order to serve even more e-commerce businesses and fulfill our mission to free the internet of fraudulent traffic."

Andy Hunt, General Partner of Elephant, said, "We have followed DataDome for several years, and have been extremely impressed by the product, the team, and the growth in enterprise customer acquisition".

DataDome's Latest Funding

The announcement also noted that increase of around 47% of bot fraud attached against digital business in the last six months. 

The New York based Elephant led the latest funding round. Other participating investor include DataDome's existing investor ISAI. A few of DataDome's customers include Axel Springer, AngelList Talent, Australia Post, Limited, and Foot Locker, notes the announcement.

DataDome as of now intends to use the new funds to scale its global sales, R&D, delivery, and marketing teams.

PC: Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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