CyberTech platform CHEQ has raised $150m in its Series C funding round as it looks to expand its team.
Seasoned FinTech investor Tiger Global led the series investment, with commitments also coming from Battery Ventures, Hanaco, Phoenix Insurance and Key1 Capital.
With the funds, the company plans to expand its research and development, sales, and marketing teams.
Based in Israel, CHEQ provides go-to-market teams with security applications, protecting their sales pipelines, marketing funnels, sites, e-commerce, data and analytics from fake visitors, fraudsters and malicious bot traffic.
Its services are currently used by 50,000 websites around the world. In 2022, the company plans to triple its growth in 2022 across North America, EMEA and APAC.
CHEQ founder and CEO Guy Tytunovich said, “We’re putting cybersecurity in the hands of Go-to-Market leaders, to secure their operations, marketing, sales, data and analytics from fake users, bots, and other malicious actors, who makeup over 40% of the Internet’s traffic. We’re providing GTM organizations the highest level of protection a CISO could require, without hurting the needs of the CMO, CRO and other GTM leaders.”
With the close of the round, the CyberTech company has raised a total of $183m in funding, to date. It previously raised $16m for its Series B round back in 2019.
Tiger Global has already invested into many FinTech companies in 2022. Some of its recent deal involvements include the $40m Series A of plug-and-play software developer Weavr, $200m round of financial application supplier Genesis and the $20m Series A of investment app Thndr.
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