Australian enterprise cybersecurity firm Kasada Pty Ltd. announced today it has raised $10 million in new funding to fuel its expansion into the U.S., develop new products and build out its sales and marketing team.

The Series B round was led by Ten Eleven Ventures and included Main Sequence Ventures and Reinventure. Ten Eleven Managing Partner Alex Doll has joined Kasada’s board of directors.

Founded in 2015, Kasada describes itself as a new-generation security solution that puts internet control and safety back in the hands of human beings. The company offers software that combines cryptography and user-centered design to protect websites and web apps against automated malicious attacks.

Kasada says its software can protect against cyberthreats, including from login to data scraping and application programming interfaces, across a variety of markets including e-commerce, hospitality and financial services. The company’s software is said to use novel approaches and cloud-based technology to detect and mitigate “the maelstrom of malicious traffic that other security platforms can’t.”

Founded in Sydney, Australia, Kasada expanded into the U.S. in 2019, a move that saw the company’s revenue grow 200% in first quarter of 2020.

“Kasada’s solution invisibly foils even the most pernicious and often unsuspected cyber traffic problems, while preserving an effortless customer journey,” founder and Chief Executive Officer Sam Crowther said in a statement. “Many companies use CDN or WAF, or legacy cybersecurity vendors to protect against malicious automation. When we entered the market, the norm seemed to be incomplete, inefficient, easy-to-detect tools that are not only inadequate but also costly to deploy and maintain, as well as adding friction and latency to the user experience.”

One client of the company is the Hyatt Hotels Corp., which uses Kasada’s managed service solution to strengthen its technology systems and platforms against cyberattacks.

Including the new funding, Kasada has raised $26 million to date. Previous investors include the Australian Commonwealth Scientific and Industrial Research Organisation, Our Innovation Fund and In-Q-Tel.

Image: Kasada