Kasada has secured a $20 million funding round led by EQT and existing investors, including Ten Eleven Ventures, Main Sequence Ventures, Reinventure (Westpac's venture capital arm), Our Innovation Fund, the StepStone Group, and Turnbull & Partners. The investment marks a significant milestone in Kasada's next phase of growth, enabling the company to continue its expansion into new markets and accelerate new product capabilities across fraud prevention and agentic defense.

Kasada helps the world's most targeted enterprises defend against malicious automation and AI-driven abuse. Its platform enables businesses to decide and enforce how users, AI agents, and automated traffic interact across websites, applications, and APIs. By distinguishing legitimate activity from fraud and abuse, Kasada protects revenue-critical digital experiences - without CAPTCHAs or friction for customers.