HUMAN Security raises $ 100 million to accelerate expansion into new markets

HUMAN Security announced a $ 100 million growth funding round led by WestCap with additional investment from NightDragon and other current investors to support the company in its next phase of growth.

Today, HUMAN protects the world’s largest businesses and internet platforms against sophisticated bot attacks and fraud in the areas of application security, digital advertising and performance marketing. In 2021, the company saw accelerated adoption of its specialized bot mitigation platform globally and saw its revenue growth rate double year-over-year.

“With this growth investment from WestCap, NightDragon and other investors, we will expand our leadership position in building a more secure and human Internet,” said Tamer Hassan, co-founder and CEO of HUMAN. “HUMAN plays to win through collective protection by checking humanity’s 15 trillion interactions per week, which allows us to defeat attackers, tipping the scales for good. “

77% of all cyber attacks are bot based. Cybercriminals with millions of sophisticated bots at their disposal can send billions of bogus requests to create fake accounts, grab accounts and commit credit card fraud, manipulate popularity and consensus, contaminate user data , defraud digital advertising and marketing campaigns, and snip or accumulate goods and services online.

In a recent holiday shopping survey with responses from over 1,000 consumers, 53% of respondents said robots were a threat to their holiday shopping plans and 51% said they would do their shopping. from another retailer if the bots interfered with their customer experience. In an enterprise security survey conducted by the ESG research and analyst group, 90% of security managers identified bot management as one of the top five priorities due to severity and severity. sophistication of attacks, and 65% believe partnering with a bot specialist is the only way to protect themselves.

“HUMAN is tackling one of the most fundamental problems on the Internet today: preserving humanity from digital experiences,” said Kevin Marcus, partner at WestCap. “We believe they are uniquely positioned to disrupt the cybercrime economy and prevent billions in losses. “

HUMAN’s modern defense strategy enables Internet-class scale and observability, superior detection techniques, and hacker intelligence and removal. Examples include the removal of PARETO, the most sophisticated CTV botnet ever found, in cooperation with Roku and Google; disrupt 3ve bringing together the FBI, Google, Facebook and many others in the industry; and the removal of Methbot, which recently culminated in the 10-year prison sentence of the self-proclaimed “king of fraud” responsible for the operation.

“From our experience with hundreds of companies and their cybersecurity teams, we know that automated attacks on applications and websites that create fraud and abuse are a critical risk for every business,” said Dave DeWalt , Founder and CEO of NightDragon and Vice Chairman of the Board of HUMAN. “Since engaging with HUMAN over the past year, they have proven to us and the industry that they are in the best position to stop these threats by stopping attacks at the source. “

HUMAN ‘solves enterprise-wide problems with its product offerings:

  • MediaGuard for Ad Security – Protects digital media and advertising from fraud and abuse in desktop, mobile and CTV environments to ensure reliable inventory and human-only impressions for more effective advertising.
  • BotGuard for Apps – Protects sites and apps against digital fraud and abuse, including account hack attacks, new account fraud, fraudulent transactions, and the scratching of sensitive content, preventing fraud losses costly while maintaining user privacy and frictionless digital experiences.
  • BotGuard for Growth Marketing – Protects digital marketing investments against fraud and abuse, including paid media, lead generation and retargeting, preventing fraudulent traffic from entering marketing platforms to ensure efficiency and increase return on investment.

“HUMAN’s highly intelligent technology and large-scale signal collection help our clients protect themselves against a wide range of sophisticated types of fraud,” said Anthony Arnold, Managing Director of Goldman Sachs Asset Management. “As a result of WestCap’s growth investment in HUMAN, we look forward to working with them and our partners at ClearSky and NightDragon to accelerate HUMAN’s expansion into new markets. “

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