Anti-bot startup Kasada raises $7M in Series A from CIA’s venture fund In-Q-Tel

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anti-bot startup Casa de raises seven million dollars in series a from CIA's venture fund in-q-tel casa de an anti bought startup we profiled earlier this year has raised seven million dollars in its series are led by in-q-tel the nonprofit venture arm of the intelligence community the Sydney and Chicago based company helps to fight online BOTS using its proprietary anti-bot platform polyform bots don't just pummel websites with junk traffic to try to knock them offline they're used to automate fraudulent purchases and scraping content from sites like airlines and entertainers to try to undercut prices bots cost businesses an unnecessary webserver and bandwidth costs each year the company's anti-bot platform puts an unsolvable cryptographic challenge on the outer edges of a customer's website the platform uses fingerprinting technology to determine if a visitor is a human if the platform detects a bot it tricks the bottom to trying to solve the impossible math puzzle churning up server and memory resources on the server from which the bot operates and costing the bot operator in excessive cloud resources Cassidy's chief executive and co-founder Sam crow that said the venture firms backing was a strong validation of its technology and its team the company which launched in 2015 said it has doubled its engineering and customer facing teams in the past year and appointed Pascal Potvin a former field operations executive to help ramp up its revenue operations in queue tells Peter take said he was impressed by Cassidy's technology it also marks in queue tells first investment in Australia after the venture firm opened an office in Sydney late last year to date in queue tau has invested in enterprise data cloud platform cloud era cyber security giant fire I open source database maker MongoDB and surveillance software firm Palantir the $7,000,000 round will help cassada grow and expand its customer base as the company faces increasing competition from its rivals the fundraise comes hot on the heels of networking and content delivery giant CloudFlare launching its own anti-bot fight mode feature a free opt-in offering to its customers which the company said will help frustrate BOTS from targeting and attacking its customers Crowther said cloud Flair's own efforts was a testament to the importance of ant bot services but said that cassada covers ground where others haven't bots are cheap and effective once startup trolls them into going away for more on this story visit the news article link you