(Santa
Clara, CA) Shape Security or
Shapesecurity.com frequently highlights the following three fascinating
facts. First, the Shape Network is
capable of protecting against bot and online fraud, at a rate of more than 1
billion daily transactions. These
mitigated daily transactions are usually perpetrated by fake non-human
entities. Second, and in turn the Shape
Network is capable of protecting, legitimate human transactions. Approximately, 150 million daily legitimate
human transactions, being more exact about the previously said. Third, the Shape Network has 82 issued
patents, and there are, 77 patents that are pending. Obviously; this speaks about the level, of
how unique Shape Security’s technology solutions, really are. Recently, Shape Security announced that, it
always strives to be a world leader of internet application protection. Specifically, the aforementioned business
revealed that, it has secured $51 million USD in a funding round. Overall, this business reports that, it has
$183 million USD in total funds.
Furthermore, the previous amount, contributes to a business valuation of
$1 billion USD. As part of the funding
round, current investors decided to double down on their bet. The current investors who doubled down on
their bet are Kleiner Perkins, HPE Growth, Norwest Ventures Partners, Focus
Ventures, Jet Blue Technology Ventures, Top Tier Capital Partners and Epic
Ventures. The most noteworthy new
investor of Shape Security is C5 Capital.
C5 Capital as the most noteworthy
new investor of Shape Security, will be contributing funds. The funds will be used for the following one
thing. The one thing is a global expansion. In reference to, the global expansion, the
aforementioned is based on C5 Capital’s investment. C5 Capital has its headquarters office in London,
United Kingdom. Additionally, it has offices in different
parts of Europe and the Middle East. Shape Security hopes that, C5 Capital can be
the fuel for a global expansion that, starts in Europe
and the Middle East.
However and returning to, Shapesecurity.com, the aforementioned is a one
platform technology solution.
Specifically, it is a comprehensive security application that, is completely
integrated into one online platform; Shapesecurity.com. For this task, Shape Security calls into
service artificial intelligence, and, machine learning. The goal is to correctly classify internet
information, along with, mobile application sessions. The protection occurs in real-time, and, at a
rate of more than one billion times per day.
This arduous process, is done in a skillful five steps. Step one, Shape Security examines the
interactions between the internet clients, and, the computer servers. Step two, Shape Security uses a unique client
telemetry tool. The aforementioned, is
used through protected channels. Step
three, Shape Security conducts a real-time analysis and classification. The analysis and classification is of all
transactions, devices and user behaviors.
Step four, Shape Security further analyzes things. Device behavior and account behavior, are,
analyzed and classified. The idea is to
turn on, machine learning. Finally and
step five; Shape Security is capable of supporting real-time, near real-time,
offline insights and decision making.
André Pienaar is the Managing
Partner of C5 Capital. Through a press
statement, Mr. Pienaar said the following.
“Shape’s growth and product innovation is unlike anything we’ve seen in
enterprise security. Shape already
protects Internet users at scale by detecting and blocking up to 2 billion
fraudulent transactions daily. This new
injection of capital will further the company’s global market
penetration.” Ted Schlein is a Partner
at Kleiner Perkins. Through a press
statement, Mr. Schlein said the following.
“Shape is a pioneer and a proven leader in the war against all types of
fraudulent internet transactions. The
company’s technology is unmatched in its ingenuity and effectiveness. Our investment speaks to the confidence we
have in its unique solution, and the vision of its leadership team.” Eash Sundaram is the Chief Digital and
Technology Officer at Jet Blue Technology Ventures. Through a press statement, Mr. Sundaram said
the following. “As JetBlue Technology
Ventures invests in and partners with companies at the intersection of
technology and travel, we love the opportunity to extend these partnerships
into JetBlue’s business and leverage game-changing technologies to improve the
experience for our customers. At
JetBlue, safety is our top priority and that includes digital security. Our relationship with Shape is critical to
providing the enterprise security and ease of use that travelers deserve and
expect of us.”
To end, Shape Security did release a
press statement. Derek Smith is a
Co-Founder and the Chief Executive Officer of Shape Security. Through a press statement, Mr. Smith said the
following. “This investment will help us
scale our international operations and fuel our AI development. Our new and returning investors, coupled with
our continued track record of growth, underscore our vision to protect all
enterprises from fraudulent Internet transactions.” As previously stated, Shape Security recently
announced that, it always strives to be a world leader of internet application
protection. Specifically, the
aforementioned business revealed that, it has secured $51 million USD in a
funding round. Overall, this business
reports that, it has $183 million USD in total funds. Furthermore, the previous amount, contributes
to a business valuation of $1 billion USD.
As part of the funding round, current investors decided to double down
on their bet. The current investors who
doubled down on their bet are Kleiner Perkins, HPE Growth, Norwest Ventures
Partners, Focus Ventures, Jet Blue Technology Ventures, Top Tier Capital
Partners and Epic Ventures. Lastly, the
most noteworthy new investor of Shape Security is C5 Capital.
###
Written
from Press Release
Registered
Writer with
PR
Newswire Association, LLC
R-Berumen28
09/21/2019
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