ACCORDING to SecurityWeek, Kasada today announced it has raised $20 million in a funding round that brings its total raised to $60 million. The investment round was led by EQT, with support from existing investors Main Sequence Ventures, Our Innovation Fund, Reinventure, the StepStone Group, Ten Eleven Ventures and Turnbull & Partners. Founded in 2015 and based in Sydney, Kasada provides tools to fend off web-based attacks including bots, account takeover, API exploitation, checkout fraud and data scraping.
The new funds will be used to expand to more markets and accelerate product capabilities across agentic defence and fraud prevention, enabling a broader, end-to-end trust platform for digital experiences from login to AI applications without friction for legitimate users. Kasada founder and CEO Sam Crowther said the investment will help deliver global expansion and enhance protections that are invisible to users.