BotGuard OÜ, an Estonian cybersecurity company, has raised €12 million in Series A funding to enhance its web traffic management solutions and expand globally.

Target Information

BotGuard OÜ, established in Estonia in 2019, is a cybersecurity software company that assists web hosting providers in managing traffic and safeguarding their infrastructure from malicious threats. The company's innovative, cloud-based solution enables website owners to effectively filter web traffic, reduce management costs, and defend against security threats such as data theft and DDoS attacks. With a growing client base spanning over 30 countries, BotGuard has become a pivotal player in the cybersecurity sector, leveraging cutting-edge technologies like AI to enhance the effectiveness of its services.

Industry Overview

In recent years, the cybersecurity industry in Estonia has witnessed significant growth, driven by the increasing prevalence of cyber threats. Approximately 50% of all internet traffic is generated by bots, a challenge that impacts website performance and security. While benevolent bots play essential roles in operations like indexing and searching, malicious bots can cause severe damage to businesses by leading to resource overuse, theft, and manipulation of data.

Estonia, known for its advanced digital landscape and robust cybersecurity measures, offers a fertile environment for cybersecurity startups. The country ranks high in terms of internet accessibility and digital innov