More than 85% of Customers Worked with Other Bot Mitigation Providers Prior to Engaging with Kasada’s Modern Approach; Company Now Protects Over $20 Billion in eCommerce
NEW YORK, NY — December 6, 2021 — Kasada, provider of the most effective and easiest way to defend against advanced bot attacks, today 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.
Since its Series B funding in mid-2020, Kasada has grown its revenue by 230%. This was achieved by expanding its go-to-market capabilities, defense platform, and operations to capitalize on demand for its cybersecurity solution within the United States. Kasada now protects more than $20 billion in eCommerce annually and stops over 5 billion monthly requests left undetected by legacy systems. Additionally, more than 85% of customers worked with other bot mitigation providers prior to engaging with Kasada’s modern approach.
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