USD 7 mln raised in Series A by Kasada with In-Q-Tel

Wednesday 27 November 2019 12:52 CET | News

Anti-bot startup Kasada has raised USD 7 million in its Series A with In-Q-Tel, the non-profit venture arm of the intelligence community.

The startup’s aim is to fight online bots using its proprietary anti-bot platform, Polyform. The  platform uses fingerprinting tech to determine if a visitor is a human, and in case it detects a bot, it tricks the bot into trying to solve the impossible math puzzle, churning up server and memory resources on the server from which the bot operates.

Kasada chose In-Q-Tel as its latest investor, although it did not lead the round. Via the USD 7 million round, the company is meant to grow and expand its customer base. The fundraise occurred as another company – the networking and content delivery company Cloudflare – is launching its own anti-bot ‘fight mode’ feature, which aims to help ‘frustrate’ bots from targeting and attacking its customers.

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Keywords: anti-bot, startup, Kasada, CIA, In-Q-Tel, bots, fraud, attacks, risks, fraud detection
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime