The 4-year old startup wants to help you defend against automated bot attacks. Today, the company announced an $8 million Series A investment, funded by Shasta Ventures. Today’s round brings the total raised to $12.5 million, according to Crunchbase.
The company’s founding team came from PayPal,
Cisco and Symantec, where they saw a problem for companies eradicating bots with off-the-shelf products. They decided to start a company to solve it. “We have an extensive background in network security, and we applied this and machine learning to solve this problem of handling bots,” company co-founder and CEO Ameya Talwalkar told TechCrunch.
They are trying to stop a number of different kinds of attacks with their product such as credential stuffing where a hacker sends out bots with stolen credentials to a website and tries to find a way in by entering stolen usernames and passwords in quick succession until one works. But Talwalkar says customers are also seeing bots performing legitimate transactions and Stealth’s solution can distinguish the good bots from the bad ones.
