AppDetex, a Boise, Idaho-based global digital risk protection platform fighting misuse of intellectual property, brand infringement, fraud, and piracy, raised $10m in Series B equity financing.
The round, which brought total funding raised to date to $17.5M, was led by First Analysis, with participation from existing investors EPIC Ventures and Origin.
The company intends to use the funds to expand national sales and marketing efforts and invest in product development.
Founded in 2012 by Faisal Shah and Chris Bura, AppDetex provides brand protection solutions as well as corporate domain name registration and management services to global corporations experiencing reputation and revenue loss from brand infringements outside the firewall via mobile or online activity. The company’s solutions combine domain monitoring and protection with digital risk protection across multiple channels to allow a brand to protect their online presence against counterfeiting, piracy, phishing, cybersquatting, and unauthorized use of trademarks within the complex worlds of mobile apps, marketplaces, social media, websites, and domains.