The funding will support the development of new products, including GateKeeper, which filters malicious traffic in real time using AI technology.

As fraudsters increasingly utilize advanced technology and organized methods, financial institutions are urged to enhance their defenses against industrialized fraud, highlighting the growing urgency for improved cybersecurity measures.

With approximately 50% of global web traffic generated by bots, and 66% deemed malicious, SMBs remain particularly vulnerable to cyber attacks, underscoring the importance of Blackwall's solutions.

Blackwall's mission is to provide affordable and scalable security solutions for SMBs, a demographic that has historically been overlooked by traditional enterprise-focused security providers.

Norman Fiore, General Partner at Dawn Capital, highlighted Blackwall's innovative technology and its potential in untapped markets, emphasizing the comprehensive security solutions it offers to SMBs.

Estonia-based cybersecurity company Blackwall, formerly known as BotGuard, has successfully raised €45 million in Series B funding, led by Dawn Capital, to enhance its services aimed at protecting small and medium-sized businesses (SMBs) from online threats.

The company plans to leverage this new capital to expand its technology and reach, ensuring better protection for its clients against cyber threats.

The company's flagship product, GateKeeper, acts as a reverse proxy that safeguards servers against bots and hackers, helping hosting service providers (HSPs) and managed service providers (MSPs) reduce operational costs and increase revenue opportunities.

Since its inception in 2019, Blackwall has partnered with over 100 intermediaries and has its services deployed on more than 2.3 million websites and applications, showcasing its rapid growth.

Founded by Nikita Rozenberg and Denis Prochko, Blackwall aims to protect web ecosystems from automated threats, addressing the significant risks posed by malicious bot traffic.

With plans to double its workforce, Blackwall is also looking to expand into the U.S. and APAC markets, supported by both Dawn Capital and MMC Ventures, which participated in this funding round.

By partnering with HSPs and MSPs, Blackwall enhances service offerings and reduces costs, allowing these providers to secure their clients' websites more effectively.