Application security solutions provider Cequence Security has raised $17 million in Series B funding round. To date, the company has secured $30 million in funding.
Led by former Palo Alto Networks and Symantec employees, Cequence Security initially focused on stopping malicious automated bot attacks. The company’s container-based ASP platform can be deployed both in the cloud and on premises and provides integration with multiple security services.
CQ botDefense, the company’s first security service module for the platform, leverages its AI-powered “CQAI” analytics engine to protect from business logic abuse, account fraud, and content scraping attacks targeting web, mobile, and API application services.
With support for both traditional enterprise load balancers and modern proxies, CQ botDefense delivers in-depth insight into attacks and multiple mitigation options, such as blocking, rate-limiting, and deception techniques, Cequence Security says.
The company plans on using the new funds to fuel market expansion across the United States and international markets and accelerate the delivery of additional security service modules.
The funding round was led by Dell Technologies Capital and included participation from Shasta Ventures, which led Cequence Security’s previous round of funding.
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Ionut Arghire is an international correspondent for SecurityWeek.
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