GoKawiilBlackwall raises $100M Series C at $2.2B valuation, led by AVP
Estonia-based web security firm Blackwall announced a $100 million Series C round led by AVP, with existing investors Dawn Capital, MMC Ventures and Tera Ventures also participating. Executive chairman Roi Carthy said the raise quadruples the company's valuation to $2.2 billion since its 2025 round. Blackwall sells bot- and traffic-security tools to hosting and cloud providers, who rebrand and resell them to their own customers.
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The sharp jump in valuation suggests investors see strong demand for tools that filter AI-agent and bot traffic as websites face rising volumes of automated requests. Blackwall's channel model, selling through hosting providers rather than directly to websites, could let it scale without competing head-on with larger rivals like Cloudflare and Akamai, though its reliance on partners' revenue-sharing introduces a different growth dynamic than direct-sales competitors.
- Blackwall raised $100M in a Series C led by AVP, reaching a $2.2B valuation.
- The valuation is four times higher than in its 2025 fundraising round.
- Blackwall sells through hosting and cloud providers rather than directly to websites, sharing revenue with partners.
Source: techcrunch.com — Ram Iyer, 2026-10-20
Published there as: “Blackwall quadruples valuation to $2.2B as websites wrangle an increasingly crowded internet”
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