Blackwall raises €45m Series B

Ellex in Estonia advised Estonian-based Blackwall (formerly BotGuard OÜ), an AI-enabled security and web infrastructure company, on raising €45m Series B to protect SMBs from malicious online traffic.

Led by Dawn Capital, with participation from existing investors, Blackwall’s funding will be used to double headcount and accelerate growth as the company expands further into the U.S. and APAC and strengthens global channel partnerships.
Blackwall defends web ecosystems from malicious automated threats, already in use across more than 2.3 million websites and applications. According to Blackwall, around 50% of all global web traffic stems from bots, 66% of which is malicious. Traditional solutions are priced and designed for enterprises, leaving SMBs – subject to 43% of all cyber-attacks – potentially vulnerable.

The investment was advised by Partner Antti Perli and Senior Associate Alla Kuznetsova.

Read more HERE.