Round brings Shape’s total raised to $132M, accelerates global expansion
MOUNTAIN VIEW, Calif., Nov 2 (Bernama-GLOBE NEWSWIRE) -- Shape Security, the leading provider of bot mitigation and anti-automation for the world’s largest companies, today announced that it has closed $26 million in growth capital, bringing its total raised to $132 million. Norwest Venture Partners led the round, with new strategic investors JetBlue Technology Ventures and Singtel Innov8 joining. Existing investors Kleiner Perkins, Venrock, Baseline Ventures, Allegis Capital, Focus Ventures, Epic Ventures, Raging Capital, and Tomorrow Ventures also participated. The new funding will help Shape accelerate international expansion.
Shape eliminates bots, fraud and unwanted automation for more than 20 percent of the consumer brands in the Fortune 500 while protecting over 100 million legitimate human logins each day. This gives Shape an understanding of users and their behavior that is unparalleled in breadth and quality. Fueled by this extensive dataset, Shape’s AI platform detects and shuts down automated attacks in real-time. Shape’s platform can distinguish real users from fraudsters even when criminals use manual methods.
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