Kasada, a platform combatting malicious automation, has raised $7m in its Series A.
In-Q-Tel, a US-based investment firm, participated in the round.
The platform detects and mitigates malicious bot traffic which other methods are unable to find, better defending websites, mobile apps and APIs from account takeovers, data-scrapping or other attacks.
By leveraging real-time bot detection technology, a company can stay ahead of attackers and improve responses to events.
IQT executive vice president Peter Tague said, “Governments, just like large enterprises and small businesses, are challenged by cyber threats every day.
“Kasada’s technology and team impressed us, and we are glad to welcome them to the portfolio as well as celebrate this as our first investment in Australia.”
Over the past year, the company has doubled the size of its engineering and customer-facing teams and named Pascal Podvin as its new chief revenue officer.
Last year, the cybersecurity company collected $2.5m to support its expansion into the US market. The capital was supplied by Australian venture capital firms Innovation Fund and Reinventure Group.
Copyright © 2019 FinTech Global
