As the world increasingly transacts a greater proportion of its business via the web, there is a corresponding increase in attacks against those sites. The sad reality is that malicious activity scales at a similar rate as the legitimate use of a technology increases - as more stuff happens on the web, more bad stuff happens also.
It is for this reason that the growth in investment in the security space is positive. All of these new players have the potential to democratize high-quality security services so that all organizations, large and small, can protect against attack.
One example of that funding is Distil Networks, a bot detection and mitigation company that is announcing a $21 million Series B funding round today. The round was led by new investor Bessemer Venture Partners with participation from current investors Foundry, TechStars, ff Venture Capital, Idea Fund, and Correlation Ventures. This round takes total funding for Distil to $38 million to date.