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Estonia-based Blackwall raises €45 million Series B to protect SMBs frommalicious online traffic
Estonia-based startup Blackwall raised €45 million in Series B funding to enhance cybersecurity for SMBs against malicious online threats. Founded by Nikita Rozenberg, Blackwall offers automated solutions, including a reverse proxy and ad fraud prevention. The funding aims to expand product development and facilitate U.S. and APAC market growth, furthering Blackwall's mission to protect smaller businesses from AI-driven cyber threats.
Key points
- Blackwall raised €45 million in a Series B round to improve cybersecurity for SMBs.
- The startup focuses on protecting these smaller businesses, which face severe threats from both good and bad bots.
- Their flagship product, GateKeeper, uses AI to inspect and filter malicious online traffic in real-time.
- They launched an ad fraud prevention tool to safeguard e-commerce websites from bot-related ad spend wastage.
- Blackwall partnered with various intermediaries to reach SMBs, avoiding direct sales.
- More than 100 partners have helped scale services to over 2.3 million websites.
- Funding will support workforce doubling and market expansion into the U.S. and APAC.
Why it matters
- The rise of bots in online traffic has created significant cybersecurity concerns, particularly for SMBs.
- Recent trends in IT highlight increasing reliance on AI for both positive applications and cyber threats.
- The focus on automated solutions resonates with the growing demand for easy-to-use cybersecurity options among businesses with limited budgets.
- Historical data shows a rise in cyberattacks on SMBs, underscoring the need for protective measures like those offered by Blackwall.
Blackwall's funding and growth plans position it as a crucial player in safeguarding SMBs from increasing online threats, reflecting the ongoing trend of prioritizing cybersecurity solutions tailored for smaller enterprises.