Netacea, a bot detection and mitigation specialist, has received $12 million (£9 million) in Series A funding, its largest investment to date.
Investors in the 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; Non-Executive Director, Malwarebytes, and Former Non-Executive Director, KnowBe4; and John Viega, former CEO, Capsule8.
Netacea is a growing cybersecurity business that detects and mitigates against bot attacks that target mobile, website and API applications. It takes a smart approach to bot management, using threat intelligence and machine learning to identify and mitigate threats in near real-time.
Netacea’s unique agentless approach does not require code to be inserted on customers’ web pages, allowing it to stay hidden from attackers while also protecting mobile apps and APIs.
The funding will enable Netacea to expand its presence in the United Kingdom and the United States. Netacea’s presence in the United States has grown quickly in the last few months, landing several big-name customers including Shutterstock. This growth is supported by a channel program and the company’s U.S. leadership team. Half of Netacea’s sales team is based in the United States and plans are in place for this proportion to grow. As well as expanding its U.S. reach, Netacea will grow its technical team in development, data science, data analysis and threat research.