A fourfold jump in valuation
Blackwall, a web security company, has completed a $100 million Series C funding round. AVP led the round. The investment quadruples the company's valuation to $2.2 billion.
The agent traffic thesis
AVP general partner Warda Shaheen says Blackwall has positioned itself as a layer in front of millions of websites. In her view, that position becomes indispensable as a growing share of web traffic comes from automated agents.
This comes as scrutiny of how AI agents behave online intensifies. Recent weeks have brought a string of stories about uncontrolled agent activity and website security.
What it means
The round suggests security investors are shifting focus from classic malware defense toward distinguishing bot and agent traffic. Blackwall is expected to use the capital for product and infrastructure growth; the company has not detailed its plans.
