The startups that provide cybersecurity protection to applications against business logic attacks Cequence Security secured $17 million in Series B round of funding concluded recently.
This funding round was led by Dell Technologies Capital and saw other participants such as the Shasta Ventures. It is important to point out that Shasta Ventures led Cequence Security’s Series A round of funding held last year in which the startup raised $8 million. As to-date, Cequence Security has raised a total of $30 million.
According to the company’s CEO Larry Link, Cequence Security protects applications from attacks that masquerade themselves as normal behavior, while in fact, are trying to cripple the service.
The firm looks for automated bot attacks on business logic like reputation bombs, shopping bots, content scraping, account takeovers, fak accounts creation, and denial of inventory attacks. This cybersecurity firm provides this protection by using a three-part approach to defending applications.
They audit the application in search of any vulnerability in the way it has been designed from the ground up.
It scans for any party or parties who may be taking advantage of …read more