Netacea Secures £4M to Enhance AI-Powered Cybersecurity Against Bot Attacks

Manchester-based fast-growing cybersecurity startup Netacea has secured £4 million funding from Mercia Asset Management and the Northern Powerhouse Investment Fund (NPIF). The funding will help the company further develop its AI-driven platform, enhance product offerings, and fuel ongoing expansion in the cybersecurity market.

Launched in 2022 as a spin-out from Intechnica Holdings, Netacea’s own cybersecurity platform was founded on bot-detection and prevention. The company’s BLADE framework is a comprehensive mapping of every stage of the attack, from initial planning stages to the sale of stolen data or products. Therefore, the BLADE framework is rapidly emerging as a new security standard, helping businesses become proactive in defense against cyberattacks.

The Netacea platform is quite different from conventional security solutions since it can provide early warnings about cyber threats. This is due to its advanced AI capabilities and intent-based analytics, enabling it to detect and block bot attacks before they could cause any substantial damage. It is already in use by some of the world’s biggest online retailers and major brands as a form of protection for their digital assets and customer data.

In essence, investment will help Netacea ramp up its AI roadmap and push product lines. According to Chief Executive Officer Mick Bradley, online fraud grew more alarmingly than he’d expect amid a predicted $7.95 trillion by 2027, driven by e-commerce and the sophistication of offensive AI used by cybercriminals. According to Bradley, stopping the attacks alone will not solve the problem of online fraud. The tactics, intent, and execution of these attacks must be understood. Businesses can prevent more bot attacks with the help of Netacea, which offers more advanced threat intelligence and analytics tools than traditional security methods.

The success of the company testifies to the vision set by its parent company, Intechnica, that was invested in by Mercia and NPIF. After being acquired by Crosslake Technologies in 2023, Mercia and NPIF held onto their investment in Netacea, which has since grown to around 60 employees. Angela Warner of Mercia said: “Netacea is a clear leader in the field of cybersecurity and this investment will enable it to accelerate its growth while reinforcing Mercia’s position as a leader in the field of cybersecurity investment.”.

Netacea has gone a long way in cybersecurity by having a large and increasing list of clients that range from top online merchants to well-known international brands worldwide. The company’s BLADE framework and AI-based solutions for businesses are created to protect a business against the ever-growing rise of bot-driven cyber attacks.

Apart from its product development, Netacea is also looking to expand its footprint in the cybersecurity market through acquisitions, partnerships, and continued investment in research and development. With the support of Mercia and NPIF, the company is well-positioned to continue its rapid growth and expand its impact in the global cybersecurity landscape.

About the Company

Netacea is an AI-powered cybersecurity startup that uses artificial intelligence to detect and block bot-driven cyberattacks. The company was established in 2022 as a spin-out from Intechnica Holdings and serves major global brands with its innovative BLADE framework. Its unique approach to analyzing attacker intent positions Netacea as a leader in proactive online threat defense.