Cybersecurity startup Netacea announces $12m Series A investment

Netacea, a UK-based bot detection and mitigation specialist, has secured $12 million in Series A funding.

As well as long-term backer Mercia Asset Management, investors included: Rupert Cook, Chairman, Netacea; Gerhard Watzinger, Chairman, Crowdstrike; Marcin Kleczynski, CEO, Malwarebytes; Alex Eckelberry; NED, Malwarebytes and former Non-Executive Director, KnowBe4; and John Viega, former CEO, Capsule8.

Netacea says that it currently works with three out of ten of the world’s largest retail sites.

The funding will enable continued expansion in the UK and the US. 

With traditional security measures struggling to keep up with changes in work culture and the evolving threat landscape, the #ZeroTrust strategy is gaining popularity.

What challenges are businesses currently facing that a Zero Trust culture might solve? https://t.co/a2HOTdLP0p pic.twitter.com/jFKBe8tJZY

— Netacea (@Netacea_AI) February 9, 2022

Eckelberry says: “A simplistic rules-based approach to bot management won’t cut it anymore. Security suites need to be supported by dedicated bot management solutions that can respond to new threats and take advantage of new threat intelligence. Netacea’s agentless approach is the right one.”

Jeremy Gidlow, CEO and Co-founder, Netacea, comments: “We’re delighted to close this new round of funding.”

“The support and business expertise from our investors has been invaluable in taking Netacea from a new product to an established and confident business. We have already won some big US customers, such as Shutterstock, and look forward to continuing our push into the US market.”