InfiSecure raises $600,000 in seed funding from IDG Ventures and Axilor Ventures
Web security company InfiSecure Technologies Pvt. Ltd Wednesday said it has raised $600,000 in seed funding from IDG Ventures and Axilor Ventures. The company plans to use the funds for research, technology investment and overseas expansion.
Founded in March 2016 by Abhilash Pandey and Sandeep Singh, InfiSecure provides software as a service (SaaS) that detects in real time and protects websites of online businesses from bot activities such as scraping, fake traffic fraud and content theft, among others.
Dictionary defines a bot as a computer program that works automatically, especially one that searches for and finds information on the internet.
“…Bots constitute more than half of the global internet traffic. With evolving technologies, bot frauds have reached new heights, negatively impacting every online business in more ways than ever before,” Pandey said in a statement.
The Mumbai-based company claims the product is built on a scalable architecture and already has several global clients.
“We are working on evangelizing the need for bot protection technology for all online businesses globally and show how it can directly benefit their revenue numbers. In today’s time, understanding who crawls your website and how much is as important as knowing who visits your website”, added Singh.
Another start-up in bot-protection space is Bengaluru-based ShieldSquare (Kaalbi Technologies Pvt. Ltd.) that raised Rs. 2 crore in angel funding in 2014, as reported by Economic Times. TechCrunch reported in 2015 that ShieldSquare is used by websites in 27 countries, and was processing a billion page views per month.