ShieldSquare, a Bangalore-based company which provides real-time bot prevention software for online businesses, has raised an undisclosed sum in its Series A round from Endiya Partners, sources close to the development told DEALSTREETASIA.
According to one of the executives aware of the development, a couple of new investors also participated in the round, along with existing backers. The deal is expected to be announced by the end of this month, the executive added.
The company is learnt to be planning to use the fresh funding for expanding to newer markets.
Endiya Partners and ShieldSquare spokespersons confirmed the development to DEALSTREETASIA but declined to share more details including deal value.
ShieldSquare was founded by Pavan Thatha, Rakesh Thatha and Vasanth Kumar G in 2013. The company helps secure online businesses from various types of bot threats such as content scraping, price scraping and form spam.
Last October, ShieldSquare had raised an undisclosed amount of funding from Venture Highway, Vishy Poosala, an engineering director at Facebook, and existing investors. Prior to that in 2014, it had secured angel funding from a group of over 15 investors including Freshdesk’s Girish Mathrubootham and Red Bus founders Phanindra Sama, among others.
The Microsoft Accelerator-graduated startup has a footprint across 68 countries and claims to process billions of page visits every month. The company counts customers like Axel Springer Group, one of the Europe’s largest digital publishing groups, and Navent, a real estate and job portal in Latin America.
Hyderabad-based Endiya Partners, an early stage venture capital firm, raised Rs 175 crore for its debut fund early this year. It largely focuses on technology product startups. Portfolio companies include Hansel, a mobile application platform for developers, HR tech startup Darwinbox and online healthcare clinic Celes.