Summary description
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Around half of global web traffic comes from bots, the majority of it malicious
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Protects websites and applications at the infrastructure layer rather than site by site
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Distributed through hosting and managed service providers, reaching small and medium-sized businesses at scale
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Deployed across more than 2.3 million websites and applications
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Core bot mitigation extended into adjacent products including ad fraud prevention
Opportunity investment thesis
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Enterprise-grade web security has been priced and designed for large corporates, leaving smaller businesses exposed to the bulk of attacks
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Channel distribution through hosting providers gives low-cost access to an otherwise fragmented customer base
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AI is increasing both the volume and the sophistication of automated threats
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Global in application, with expansion under way in North America and APAC