DataDome, a company that provides a SaaS solution for protecting businesses against bad bots and fraud, this week announced that it raised $35 million in a Series B funding round.
The investment round, which brings the company’s total funding to nearly $40 million, was led by venture capital firm Elephant, with participation from ISAI. DataDome plans on investing the money in sales, marketing, and R&D.
DataDome has developed an AI-powered platform that processes vast amounts of data in an effort to provide protection against various types of online threats, including payment fraud, DDoS attacks, account takeover attempts, and web scraping.
The company says its solution can provide real-time bot protection for websites, mobile applications and APIs. DataDome has offices in New York, Singapore and Paris, and it claims to have more than 130 customers worldwide.
Related: The Anti-Fraud Lifecycle