Rakuten, SNCF Connect, Blablacar, TheFork... Many major merchant sites already rely on its technology to repel attacks from malicious robots.
The French Datadome has made a name for itself on both sides of the Atlantic by protecting e-commerce sites and applications, which have become the preferred targets of automatic bots.
Denial of service attacks, credential stuffing, generation of fake discount codes, automated search for vulnerabilities, purchase of limited edition items to resell them on the black market... The nature of the attacks varies but all are extremely harmful to brands.
Hence the interest aroused by Datadome's technological solution, based on artificial intelligence.
By analyzing billions of signals per day,
its machine learning algorithm can, in real time, identify whether a request comes from a human or a robot and block automated traffic.
"
In 2022 alone, DataDome blocked more than 250 billion online fraud attempts in real time,
” said Benjamin Fabre, the company’s co-founder and CEO.
Faced with the growing threat, the robot protection market is therefore growing very strongly.
Hence the rapid trajectory of Datadome, which now has 300 customers worldwide, especially in e-commerce, media, classifieds and banking-insurance.
After raising 35 million in June 2021, the French company has just completed a new funding round of 45 million euros, led by the InfraVia Growth fund.
Technology Race
Meanwhile, the company doubled its revenue in one year.
Having set out to conquer the American market four years ago, the United States is already its main source of income.
But the company must still accelerate, in a very competitive market, in order to finance its innovations.
“
It's really the quality of our product that allows us to win against American competitors
,” emphasizes Benjamin Fabre.
Faced with the technological race with attackers using ever more sophisticated methods, we must constantly improve the quality of detection without impacting the user experience.
"
The solution must make a decision in less than 2 milliseconds
", specifies the manager.
The company claims a false positive rate of less than 0.01%.
"
Such performance is made possible by the solution's ability to adapt its real-time machine learning algorithms to the edge
,” the company says.
The company also continues to broaden the spectrum of its solution.
"
We have gone from a technological solution against malicious robots to a solution against online fraud in general
", explains Benjamin Fabre.
Its long-term objective: to become the solution for protecting digital businesses against all types of online threats.
If the company continues on its current trajectory, it is considering an IPO within three years.