Bangalore based ShieldSquare which prevents bots from scraping data on website has raised INR 2 Cr. in angel round from a pool of over 15 investors, entrepreneurs and high net-worth individuals from India, Singapore, and US. A few of investors who invested in the round include Freshdesk’s Girish Mathrubootham; red-Bus founders Phanindra Sama, Charan Padmaraju, and Sudhakar Pasupunuri as well as Murugavel Janakiraman of BharatMatrimony.
The startup helps online businesses against web scraping and bot attacks, thus increasing revenues and improving site performance. Site scraping is a common form of content theft that is often overlooked by online businesses which leads to revenue loss and increase of infrastructure costs.
ShieldSquare’s revolutionary technology identifies scrapers in real time and empowers the site owner to block them.
Its services are available on subscription model and pricing is based on usage requirements
The startup plans to use the funds raised for product development and hiring talent. Further, it also has plans to sell language-neutral software startup outside India.
Launched by Pavan Thatha, Rakesh Thatha, Vasanth Kumar G, Jyoti Kakatkar and Srikanth Konijeti in March this year, last month the ShieldSquare got selected for the well-known event – Startup Tel Aviv after winning the India round. It was also part of Microsoft Ventures Accelerator in November 2013.
Its clients include social networking sites, ecommerce portals, content websites and classified or listing sites.