Kasada, a New York and Sydney-based provider of the most effective and easiest way to defend against advanced bot attacks, announced it raised $23 million in Series C funding, bringing total investment in the company to $39 million.
The funding round was led by new investor StepStone Group (which recently acquired venture capital platform Greenspring Associates), with participation from existing investors Ten Eleven Ventures, Main Sequence Ventures, Reinventure (Westpac’s venture capital arm), Our Innovation Fund, and Turnbull & Partners.
The company plans to use the Series C funding to further accelerate its sales in the U.S., and grow its development, support, and marketing departments to capitalize on the increasing demand for its simple and effective approach.
Company: Kasada Pty Ltd.
Raised: $23.0M
Round: Series C
Funding Month: December 2021
Lead Investors: StepStone Group
Additional Investors: Ten Eleven Ventures, Main Sequence Ventures, Reinventure, Our Innovation Fund, and Turnbull & Partners
Company Website: https://www.kasada.io/
Software Category: Bot Detection and Mitigation Software
About the Company: Kasada is the most effective and easiest way to defend against advanced persistent bot attacks across web, mobile, and API channels. With Kasada, trust in the Internet is restored by foiling even the stealthiest cyber threats, from credential abuse to data scraping. The solution invisibly stops automated threats while inflicting financial damage to attackers, destroying their ROI. With the ability to onboard in minutes, Kasada ensures immediate and long-lasting protection while empowering enterprises with optimal online activity. Kasada is based in New York and Sydney, with offices in Melbourne, San Francisco, and London.
Source: https://www.businesswire.com/news/home/20211206005109/en/Kasada-Secures-23-Million-in-Series-C-Funding-to-Accelerate-Global-Momentum-Combating-Online-Fraud-New-Automated-Threats