Netacea, an early-stage bot detection and mitigation firm, has inked $12m from a Series A funding round.
The financing raise was led by Mercia Asset Management and included participation from a vast range of private investors who held experience in the cybersecurity industry.
Established in 2018, Manchester-based Netacea introduces a new layer of security dedicated to bot detection and mitigation based on behavioural analysis and machine learning engines.
Netacea Bot Management is agile, configurable and intelligence to a user environment in a way that adapts to changing threats. It offers deep, actionable analysis of all internet traffic, web reconnaissance, automated bots and legitimate website visitors then manages those journeys in real time.
The company intends to build out its anti-fraud technology platform as well as to expand its market presence in both the UK and the US. It also plans to expand its team by hiring new talent in development, data analysis, threat research and data science.