Shape Security Raises $25M in Series D Funding

shape_security_logoShape Security, a Mountain, View, CA-based provider of a solution that protects web and mobile apps, raised $25M in Series D funding.

Backers included Baseline Ventures, Epic Ventures, Kleiner Perkins Caufield & Byers, Venrock, Norwest Venture Partners, Google Ventures, Eric Schmidt’s Tomorrow Ventures and Beijing-based Northern Light Venture Capital, which will help the company expand into China.

The company, which has now raised $91M in total, will use the funds to accelerate deployments of the Shape Botwall Service with customers across the globe.

Led by Derek Smith, CEO, Shape Security provides technology that protects their web and mobile apps against attacks, like account takeover, that are enabled by botnets and other forms of automation, which now account for more than half of all traffic to the login pages of major websites, and bypass products that most enterprise use, like WAFs, DDoS and fraud controls, and IDS/IPS.



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