Bot detection and mitigation specialist Netacea has secured $12m (about £9m) in Series A funding from various investors within the cybersecurity sector, including CrowdStrike, Malwarebytes and KnowBe4.
According to the company, the funds raised will be used to expand its presence in the UK and the US, where the business sees a significant opportunity for growth. Currently, Netacea has half of its sales team based in the US, with plans in place for this proportion to grow.
As well as expanding its US reach, Netacea intends to grow its technical team across development, data science, data analysis and threat research.
Investors include long-term backer Mercia Asset Management alongside Netacea chairman Rupert Cook; Gerhard Watzinger, chairman of CrowdStrike; Marcin Kleczynski, CEO of Malwarebytes; Alex Eckelberry, NED at Malwarebytes; and former Capsule8 CEO John Viega.
“The support and business expertise from our investors has been invaluable in taking Netacea from a new product to an established and confident business,” said Jeremy Gidlow (pictured right), CEO and co-founder at Netacea. “We have already won some big US customers and look forward to continuing our push into the US market.”
Netacea provides solutions that detect and mitigate bot attacks targeting mobile, website and API applications. It takes a smart approach to bot management, using threat intelligence and machine learning to identify and mitigate threats.
The company supports clients across retail, banking, travel and gaming, with ClearScore, All Saints and Sony among its roster of clients.
