An Australian cybersecurity start-up has raised AUD2.5m ($1.92m) to develop its anti-hacking solutions. The company, called CyberSecurity Australia, is based in Melbourne and was founded by a former cyber crime investigator who had worked for the US Department of Homeland Security. He has developed a product called Polyform, which aims to disrupt hackers' activities by making it harder and less worthwhile for automated bots to break into company websites. The new funding includes investment from Westpac's firm Reinventure and Our Innovation Fund, run by prominent Australian entrepreneur David Shein. It will be used to grow the company's development team and bring its product to the US.
An Australian cybersecurity start-up has raised AUD2.5m ($1.92m) to develop its anti-hacking solutions. Kasada was founded three years ago by 22-year-old Sam Crowther, who previously worked as a security consultant for Macquarie Group. He has developed a product called Polyform, which aims to disrupt hackers' activities by making it harder and less worthwhile for automated bots to break into company websites. The new funding includes investment from Westpac's firm Reinventure and Our Innovation Fund, run by prominent Australian entrepreneur David Shein. It will be used to grow the company's development team and bring its product to the US.