The Estonian-based cybersecurity company Blackwall raised 45 million euros (about $49 million) in a funding round.
The mentioned information is contained in the press release of the specified firm, published last Thursday, March 13. Blackwall rebranded from BotGuard. The press release noted that the financing received will allow the company to double the number of employees and expand into the markets of the United States and the Asia-Pacific region.
The firm’s technology is used by hosting service providers (HSPs) and managed service providers (MSPs) to protect users of their hosted websites against artificial intelligence-powered bots. The relevant information is contained in the company’s press release.
Also, in a press release from the firm, it was highlighted that the surge in bot activity driven by artificial intelligence has made automated attacks more sophisticated and frequent, forcing HSPs and MSPs to look for external solutions that would be effective and cost-effective. The company’s flagship product, called GateKeeper, not only protects against the mentioned threats but also empowers partners with tools to create new, recurring revenue streams through robust security offers.
It is worth noting that against the background of the active development of advanced technologies, including artificial intelligence, the issue of cybersecurity has become more relevant. Personal awareness of users is one of the ways to counter threats in the virtual space. For example, an Internet search query such as how to know if my camera is hacked will allow anyone to get information about signs of unauthorized access to the device.
