DDoS mitigation provider Black Lotus announced on Wednesday the completion of $3.5 million in Series A financing led by Industry Capital.
As part of the transaction, Arman Khalili, principal advisor at Industry Capital, has been added to the Black Lotus board of directors.
The financing comes a couple of weeks after Black Lotus acquired 8×8 for $3 million, adding managed hosting customers and enabling it to grow its network.
Black Lotus says it will use its new funding to grow its footprint in the information security sector through strategic acquisitions and expansion of its DDoS defense network into new markets. Black Lotus plans to deploy additional capacity and improve quality of service through peering and closer proximity to partner networks around the world.
“This funding marks a pivotal chapter in Black Lotus’ growth, and it will allow our company to establish a presence in new markets throughout North and South America, Europe, the Middle East and Asia, enabling rapid deployment of DDoS mitigation IP infrastructure,” Shawn Marck, founder of Black Lotus said.
DDoS protection has been an area of focus for investors as it becomes an essential service for any business online, and an extension of service provider networks and services. For example, in July, Prolexic raised $30 million in funding to expand its DDoS protection centers, led by Trident Capital and Intel Capital.