AI Startup PerimeterX Raises $43 Million In Series C Funding

PerimeterX, a company dedicated to addressing information security risks facing enterprises on their web and mobile properties and their APIs, secured $43 million in a Series C funding round led by Scale Venture Partners. Existing investors Canaan Partners, Vertex Ventures, and Data Collective also participated, and were joined by new investor Adams Street Partners.

According to the company, its bot mitigation solution, PX Bot Defender™, analyzes and prevents bot attacks launched from countries around the world utilizing millions of IP addresses and IP enabled-devices. PerimeterX’s API is designed to integrate with a company’s websites, mobile apps, content delivery networks, eCommerce engines, and middleware with minimal disruption and zero downtime.