Total amount raised
$81.2 Millions
Latest funding date
03/01/2023
Location
DataDome has successfully raised significant funding through multiple rounds, with the latest being a Series C round closed on March 30, 2023. The company has garnered support from 18 investors, including Isai and Elephant.
DataDome's platform leverages AI and machine learning to provide robust protection against cyberfraud and malicious bots. Keep reading to explore the intricacies of DataDome's fundraising journey and the investors backing this innovative platform.
What Is DataDome?
DataDome, founded in 2015, is a cybersecurity company headquartered in New York, New York. The company specializes in protecting websites and applications from malicious bots and cyberfraud using AI and machine learning technologies.
Founded by Benjamin Barrier, Benjamin Fabre, Fabien Grenier, and Olivier Trabucato, DataDome has grown to employ between 101 and 250 people. The company is recognized for its robust Cyberfraud Protection Platform, which processes trillions of signals daily and autonomously stops billions of attacks annually.
How Much Funding Has DataDome Raised?
- Series C
- Amount Raised: $42M
- Date: March 2023
- Lead Investors: InfraVia Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support commercial rollout and R&D efforts, enhancing their AI-powered bot mitigation capabilities.
- Series B
- Amount Raised: $35M
- Date: May 2021
- Lead Investors: Elephant
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand global sales and enhance research capabilities.
- Seed Round
- Amount Raised: €2.5M
- Date: January 2018
- Lead Investors: Isai
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and scale their cybersecurity platform.
- Angel Round
- Amount Raised: €1M
- Date: January 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure initial funding for product development and market entry.
- Pre-Seed Round
- Amount Raised: €60K
- Date: May 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company and develop a minimum viable product.
DataDome has raised a total of $82M. The current valuation is Not publicly disclosed.
Key Investors
- InfraVia Capital Partners
- Details: InfraVia Capital Partners is a growth equity firm that focuses on investing in technology companies. They have a strong presence in the European market.
- Investment Focus Areas: Growth technology companies, digital infrastructure, healthcare.
- Notable Investments: Not publicly disclosed.
- Elephant
- Details: Elephant is a venture capital firm that invests in early-stage and growth-stage technology companies. They are known for their hands-on approach in helping companies scale.
- Investment Focus Areas: SaaS, consumer internet, mobile sectors.
- Notable Investments: Not publicly disclosed.
- ISAI
- Details: ISAI is a French venture capital firm that invests in early-stage and growth-stage companies. They have a strong focus on the tech and digital sectors.
- Investment Focus Areas: Technology, digital companies, software.
- Notable Investments: Not publicly disclosed.
What's Next for DataDome?
DataDome stands at the cusp of significant growth opportunities, driven by the increasing demand for advanced bot protection services. With a robust platform that processes over 3 trillion data points daily, the company is well-positioned to expand its global sales and enhance its research capabilities. The market for bot security is projected to grow substantially, offering DataDome a vast landscape to scale its operations and innovate further.
Future fundraising opportunities appear promising, given the successful Series C round and the company's demonstrated growth and cash efficiency. As DataDome continues to innovate and expand into new markets, it is likely to attract additional investors, potentially leading to further funding rounds or strategic acquisitions. However, the company must navigate challenges such as evolving bot tactics and a competitive cybersecurity landscape to maintain its edge.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like DataDome and gather other critical business insights. Sign up for free to start enhancing your sales strategies today.
