Founded in Estonia in 2019 by Nikita Rosenberg and Denis Prochko, startup BotGuard raised €12 million in Series A, led by venture fund MMC Ventures.
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Tera Ventures and Expeditions Fund and business angels, including Stefan Lindberg, also participated in the round.
The startup launched in 2019 and the company now operates in 30 countries. BotGuard specializes in software development in the field of cybersecurity. The project is developing a cloud-based traffic filtering solution based on artificial intelligence.
The service selectively blocks traffic from “bad” bots in real time, as evident from information on the company’s website.
The startup will use the funds raised to develop technology, expand its team and further scale its business.
Author:
Natalia Gormaleva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
