Anti-bot security firm PerimeterX lands $23 million investment
PerimeterX, an Israel- and Silicon Valley-based cybersecurity company that sells tools defending retailers against automated web attacks, announced Tuesday it received a $23 million investment led by the venture capital firm Canaan Partners. Investors have put a total of $34.5 million into PerimeterX since it was launched in November 2014. The company sells PX Bot Defender to more than 30 customers, including Wix, Seeking Alpha, Coupons.com and luxury consignment shop The RealReal. The product aims to detect and fend off bot or nonhuman attacks including scalping, carding, scraping, fraud, check-out abuse and account takeovers. Bot traffic surpassed human traffic on the internet in 2016, a repeat of 2012 and 2013, when nonhuman traffic also came out on top. Bot traffic will easily bypass human traffic in 2017, PerimeterX CEO Omri Iluz told CyberScoop. When bot activity moves from annoying to nefarious, the resulting numbers are substantial, including $2.6 billion in losses in 2016 from […]
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