Thursday, January 14, 2016

Shape Security Gets $25 Million for Botwall Service

Shape Security, a start-up based in Mountain View, California, announced $25 million in Series D funding to accelerate deployments of its Shape Botwall Service.

The Shape Botwall Service, available in the cloud or on­-premises, stops automated web and mobile application attacks, like credential stuffing, content scraping, and application-­layer DDoS, that bypass existing defenses. The company says its ShapeShifter botwall technology disables the attack capability of malware, botnets, and scripts.

The new funding was led by Baseline Ventures, Northern Light and Epic Ventures, joining existing investors Kleiner Perkins Caufield & Byers, Venrock, Norwest Venture Partners, Google Ventures, Eric Schmidt’s Tomorrow Ventures and others.

"We have grown tremendously in the last year, adding customers in new industries, and demonstrating that a platform for comprehensive protection against automated attacks is the most important missing piece of security for the world's largest companies," said Derek Smith, CEO of Shape Security. "Attackers are constantly evolving, but we are able to stay ahead of them successfully. Our new funding will allow us to take our proven approach and scale it to other major markets around the world."

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