Web traffic security solution and services provider today announced a $10 million round. It will use the funds to fuel growth within the U.S. and new product development, according to a spokesperson.
Protecting companies against cyberthreats — from login attacks to data-scraping across web, mobile, and API channels — is a constant battle. Over 80% of surveyed organizations were aﬀected by a successful cyberattack in 2019, according to , and U.S. ransomware attacks cost an $7.5 billion that year. Kasada claims to beat back against these and intellectual property attacks with technologies that run continuously — and silently — in the background.
Kasada’s detection and mitigation product is designed to protect enterprise web applications. It shields against denial-of-service attacks that overload servers and lock out