DataDome raises $35M to scale its global sales, marketing, delivery and R&D teams

2021-05-27 23:15

The funding round was led by New York-based Elephant, with participation from DataDome's existing investor ISAI. The cash infusion will enable DataDome to aggressively scale its global sales, marketing, delivery and R&D teams, and puts the company on track to deliver on its ambition to double its Annual Recurring Revenue and its customer base.

More than 50% of this growth will come from the US. Observing a 47% increase of bot fraud attacks against digital businesses over the past 6 months, DataDome secures its customers against online fraud.

DataDome serves DevSecOps professionals with a full SaaS platform, combined with enterprise-level professional services and dedicated bot Security Operations Centers.

"We owe our current hypergrowth to customers like Axel Springer, AngelList Talent, Australia Post, carsales.com Limited, and Foot Locker who have placed their trust in us to protect them from malicious bot traffic and online fraud," said Fabien Grenier, co-founder and CEO of DataDome.

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

"The global Bot Detection market is large and growing rapidly, driven by greater eCommerce penetration and increasingly sophisticated bots. We're excited to team up with DataDome and help them build on their ambitious vision," said Julie Effron, Partner of Elephant.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/ixGOp5H4gOA/

#teams