Natacea, a Manchester, UK-based cybersecurity company that helps companies prevent online fraud by protecting them against bot attacks, raised further $4M in funding.
The round was led by Mercia Asset Management.
The company intends to use the funds to further extend its AI roadmap, expand its product range and continue its growth.
Led by CEO Mick Bradley, Netacea was established in 2022 as a spin-out from the Intechnica Holdings. It has developed an open-source framework that maps every stage of an attack, from advance planning as criminals seek ways to breach a company’s defences to selling the products or information afterwards. Netacea is developing products and services to cover all stages of the attack process.
The company now employs around 60 staff and has a client base that includes some of the world’s largest online retailers and major brands. It increased revenue by 29% in the financial year to March 2024 and is on course for continued growth in the current year.
FinSMEs
06/12/2024