Blackwall

Estonian startup @botguard_net, which developed cloud-based software to protect websites has raised €12M in an A series. The #investment round was led by #London-based @MMC_Ventures, with participation from existing investors, Estonian Tera Ventures, and #Polish Expeditions Fund. New #investors included #Swedish business angel Stefan Lindeberg. Founded in 2019 by Nik Rozenberg and Denis Prochko, BotGuard has designed AI-powered software to protect websites from the risks posed by #bots, which occupy nearly half of all internet traffic. BotGuard's software helps website owners control their web traffic, lower website management costs, defend their infrastructure and protect their assets. The solution blocks “bad” bot traffic and allows unrestricted access to a website for human users, search engines, and affiliate automation #tools. BotGuard has clients and partners in more than 30 countries. Its executive team includes industry veterans such as CRO @bertilbrendeke (ex-CloudFest, Acronis), COO Martin Pawliczek (ex-GoDaddy, Host Europe Group), and others. The startup will use the investment to further develop its technology, hire new tech development employees, and expand its sales and marketing teams to continue to scale globally. Based in Estonia, Tera Ventures invests out of €45M second fund in startups from the Baltics, Denmark, Sweden, Finland, Poland, and the Czech Republic. The founding partners are @OksAndrus and @stanio83. The recent investments were Estonian startups Flowstep, Cino, Äio, Avokaado, Rendin, and the US AI Clearing. #Estonia #startup #startups #tech #technology #technologies #TechnologyNews #TechNews #Deal #Deals #VentureCapital #VC #Software #ArtificialIntelligence