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Blackwall 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.