Kasada has announced $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.
“Kasada has demonstrated impressive growth while expanding beyond Australia, with momentum among enterprise customers in the eCommerce, hospitality, travel, fintech, online gaming, and Internet service industries”
“Businesses are tired of bot mitigation solutions that are difficult to operate, time-consuming to maintain, and cannot keep up with the latest tools bot operators use,” said Sam Crowther, founder and CEO of Kasada. “At Kasada, we’ve set out to make application security much easier to implement and use, while also improving its effectiveness. We’ve ensured that security doesn’t get in the way of the customer experience, by eliminating friction such as CAPTCHAs that hurt online conversions – and your brand.”
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.
“Kasada services translate into a great experience for Sydney Opera House customers, without interrupting their experience, or introducing unnecessary friction,” said Nic Boling, Chief Technology Officer at Sydney Opera House. “We have confidence that humans, not bots, are buying tickets to our events.”
“Kasada has demonstrated impressive growth while expanding beyond Australia, with momentum among enterprise customers in the eCommerce, hospitality, travel, fintech, online gaming, and Internet service industries,” added Hunter Somerville, Partner at StepStone Group. “The effect bots have on an organization’s profitability and customer experience has become a C-level concern. Kasada has raised the expectations of what an anti-bot solution should be.”
